Bulletin - July 2021

2 min read 22 Jul 21

Tatton Investment Management

Tatton Investment Management’s range of model portfolios are now available through the platform, further strengthening our DFM and investment propositions. To find out more please speak to your Business Development Manager. Take a look at the full list of other DFM firms we already work with.

Change to ongoing fee payment

In case you missed the email last week, click here to find out more about a recent change we’ve made.

Correction:  When we initially sent the email on 14 July, we said 'If there are insufficient funds within the GIA to pay the fee, these will instead be taken from either the client’s ISA or Onshore bond'. This was incorrect - fees will not revert to an Onshore bond.

Uninvested cash

In March’s bulletin, we included a reminder about checking how much cash your clients hold on their accounts. We’re still seeing a number of clients with large cash holdings, so we wanted to send a further reminder on how to check how much uninvested cash is on your clients’ accounts:

The ‘Accounts and Cash’ report, accessible via the ‘reporting hub’, shows as a percentage what is held in cash per client account. It will also tell you whether the cash account is protected from rebalancing and whether there is a regular withdrawal in place. We recommend running the report at least once per month.

Share Class Conversions

In February, we let you know about a regulatory change that aimed to make transfers easier for platform customers. It meant that:

  • Platforms must offer clients the choice to transfer units in investment funds that are common to both platforms
  • Clients must also have the option to convert to discounted units where they’re available on the new platform

This may be beneficial to your clients, as it means they don’t need to be out of the market when transferring.

For the detail on what this means for you, take a look back at what we sent in February