Managed Services: Charges

Managed services

Managed Services

Minimum Investment



Annual Management Charge

Discretionary portfolio service £20,000  – Up to 0.75% /(min £22.50) 1.25% + VAT
UK small cap discretionary service (sub £100m market cap)  –
CFD discretionary service – UK & foreign equities  – 0.2%
CFDs discretionary service – UK & foreign indices  – £10
Mosaic portfolio  Up to £20 settlement fee  – 1% + VAT
Enterprise Investment Scheme £50,000  – 0.75% or £50                 (whichever is greater) 1.5% + VAT
Inheritance Tax Portfolio Service  –
IPO & Placing participation £20,000 £20 (settlement & custody £10.50, execution £9.50) 2% 1.25% + VAT

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Other charges


Share certificate £24 per security (inc VAT)
CHAPS payments £30 (inc. VAT)
Annual SIPP fee** from £320 + VAT
Late settlement fee (where customer is at fault) £24 (inc. VAT)
Stock transfer out (per security) £12 inc. VAT
Unpaid cheque fee (per occasion) £24 inc. VAT
ISA/JISA closure £60 inc. VAT
Account inactivity*** £25 inc. VAT

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Financing for stock CFDs is charged at 2.5% above LIBOR for long positions and -2.5% below for short positions. Further charges regarding asset classes or exchanges upon request.

** For further information on the range of SIPPs available through Shard Capital Stockbrokers and our charges, please contact one of our advisors

***On the 1st of January 2019 any account that has not traded (i.e. no buy or sell orders have been placed) within the preceding twelve months will be charged this fee. This will be levied annually on an ongoing basis on 1 January each year and will relate to the preceding full calendar year.


All charges are correct as of 1 July, 2018.