Charles Stanley enhances MPS models with ESG and removal of VAT  

by | Feb 10, 2021


Wealth Manager Charles Stanley has announced that it will no longer apply value added tax (VAT) to its award-winning, 5-star Defaqto-rated Managed Portfolio Service (MPS) across all its Dynamic Passive, Blended and Multi-manager models.

Following external guidance, Charles Stanley has been working with its platform partners to remove VAT from its products effective from 1st March 2021.

Charles Stanley has also announced a new partnership with MSCI which now sees its full range of model portfolios in its Managed Portfolio Service being ESG-rated, which will help advisers meet the growing demand from their clients for socially responsible investing propositions.

Sean Osborne, Head of National Accounts at Charles Stanley said:  “The market demand for MPS has never been stronger and we are delighted that the removal of VAT now sees fees on our Managed Portfolio Services being charged from as low as 20bps and our total charges figure from as little as 30bps.

“This exceptional value, combined with the addition of our new ESG ratings, further underpins our commitment to advisers who are seeking greater value for money, whilst responding to changing client needs.  Many clients are now seeking greater transparency on the impacts their portfolios are having on the environment and on our society as a whole.”

The greater demand for ESG was highlighted in research undertaken for Charles Stanley’s new white paper ‘Book of Stories 2.0’, in which a quarter (23%) of advisers said they saw a greater appetite for ESG/sustainable investing from clients last year.  This is a trend that is set to continue with seven in ten (70%) advisers believing that changing investment trends such as ESG will impact the long-term future of their business.



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