Kingswood, the AIM-listed wealth management group announced today they will scrap VAT from their Managed Portfolio Service from April 1st.
Charlotte Cook, Investment Manager at Kingswood, said: “The decision was made in line with our core value of providing the best possible transparent service to our clients”
The change will apply to the firm’s six discretionary model portfolios: Defensive, Cautious, Balanced, Growth, Income and Adventurous. Clients will now only be charged the management fee for the Managed Portfolio Service.
Cook continued, “We are always looking for ways to improve our services and by removing VAT from our MPS, we are offering excellent value at a competitive price. We pride ourselves in the way we invest on behalf of clients”
Kingswood saw strong performance this past year across its MPS. The firm’s discretionary management style allows for fast and active investment changes, crucial factors in turbulent times such as those seen in 2020.
