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Diary of a Private Banker: By cutting charges, will Coutts unleash a private banking price war?

Freddie Pooter, 18/09/2020

Peter Flavel, NatWest's chief executive for private banking / Photo: Supplied

Well, what to make of the initiative by Coutts & Co to cut advice costs with a new fixed fee structure, one that takes it down nearly to those charged by the robo-advisers.

Coutts clients will now be charged for advice with two fixed fee structures; previously fees were charged as a percentage of assets under management. These will now consist of ...


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