Evelyn Partners slashes fees on its International MPS range by a third
The decision brings the service in line with the wealth manager’s UK MPS offerings
Evelyn Partners, the UK wealth manager entrusted with £69 billion of assets under management, has reduced the fees on its International Managed Portfolio Service (MPS) by a third from 0.30% to 0.20% - bringing the service in line with its UK MPS offerings.
The actively managed model portfolios offer international financial advisers and their clients with global asset allocation strategies deployed through the selection of best-of-breed funds, drawing upon Evelyn Partners’ investment expertise.
There are seven risk-rated models available in GBP, EUR or USD. Each is continuously monitored by a Jersey-based team within Evelyn Partners International to ensure diversification and risk levels remain aligned with the respective investment mandates.
Launched in 2020, the service is available to international financial advisers - primarily in Europe, the UAE and Malaysia through external international platform providers Morningstar International and Novia Global.
Harriette Collings, Director, International Business Development, who heads up Evelyn Partners’ international intermediaries offering, said: “Our decision to reduce the service fees on our International MPS range brings it in line with our UK MPS offerings. As the industry continues to move towards modern platform solutions, transparent and competitive charging is more important than ever. This change ensures our proposition remains both cost-effective and aligned with the evolving needs of our advisers and their clients around the world.”
The models are rebalanced quarterly. Following the latest rebalance in November, the seven strategies now have a cap on the Ongoing Charges Figure (OCF) of 0.60%, with OCFs across the range currently spanning 0.35% to 0.60%.
Rod Sallis, Investment Management Director and Lead Portfolio Manager for International MPS, said: "Whilst we made no changes at the major asset class level in the latest rebalance, we were active within the underlying composition of the strategies. Following guidance from our strategy team, we reduced exposure to the UK after a period of strong performance.
“The proceeds were reallocated to European and Japanese equity markets. This decision was based on relative valuations - Europe ex-UK and Japan remain attractive compared to the US. Relative earnings and margin indicators also suggest that Europe ex-UK is more appealing than the UK.
“From a fund selection perspective, we exited the concentrated growth manager Edgewood US Select in favour of a NASDAQ 100 tracker. This decision was driven by Edgewood’s disappointing performance, its relatively high cost, and our desire to increase exposure to large-cap tech companies that are currently leading equity markets higher. Similarly, we exited Fundsmith Equity for the same reasons, opting instead for a low-cost global equity tracker to provide broad market exposure. These changes also contributed to a reduction in the overall cost of our strategies.”
Read the latest rebalance note in full here: Rebalance Note
About Evelyn Partners
Evelyn Partners was created in 2020 through the merger of Tilney and Smith & Williamson. With £68.6 billion of assets under management (as at 31 December 2025), we are one of the largest UK wealth managers ranked by client assets.
Through an extensive network of offices across 21 towns and cities in the UK, as well as the Republic of Ireland and the Channel Islands, we support private clients, family trusts and charities, as well as provide investment solutions to financial intermediaries. Our diverse client base includes entrepreneurs, C-suite executives and partners of professional firms.
Our expertise span both award-winning financial planning and investment management, enabling us to offer clients a truly holistic dual expert wealth management service. Through Bestinvest, we also provide an online investment platform and coaching service for self-directed investors, consistent with our purpose to ‘place the power of good advice into more hands’.