2Plan Wealth Management has overhauled a controversial 4 basis points (bps) charge for advisers who don’t use its in-house fund range Omnis.
The independent advice group has now levelled the charge so all its 679 advisers would pay it, regardless of which investment proposition they use, Citywire New Model Adviser understands.
Several advisers voiced their concerns over the fee structure to Citywire, saying it was not transparent and questioned how it fits with independent advice.