We believe that paying for investing advice should be simple, transparent and affordable. We review our charges annually and are committed to keeping the fees you pay the same or lower for at least 12 months.
You currently pay OpenMoney an “advice fee” for the ongoing investment advice you receive. But it may take us a bit of time to provide you with this personal advice, as we work on migrating customers over to Octopus. We don’t want you to pay for something you’re not receiving – so we will temporarily reduce your fees by approximately 0.1% until we are able to update your investing advice.
After your investments are transferred, we’ll send you a statement that shows exactly how much you will be charged for us to look after your money over the next year. There may be some changes to the way VAT is charged on your investments, which will also be included in this statement, but the total amount you pay won’t be any higher than you pay now. If you have questions in the meantime about what this means for you, then please get in touch.
| OpenMoney | Octopus Money | |
| Average Fee | 0.75% | 0.65% |
| Example Annual Fees | ||
| If you invest £10,000 | £75.00 | £65.00 |
| If you invest £100,000 | £750.00 | £650.00 |