No probs.
Direct sales channels and tied-agents have very little pricing flexibility since their operating costs, software, office and compliance costs are fully covered by their employer/parent company and they have sales targets to hit. As such, they can only offer reductions in charges if the transfer amount and/or regular contribution amount is large enough to justify it.
It's difficult to negotiate anything from the client point of view since any 'deals' or charge reductions need to be signed off by management.
Brokers have a multitude of pricing options available since there are about 80 combinations of charges that can be used for each product with each provider.
The more you have in a fund the better the deal you should be able to negotiate as there's more room to manoeuvre.
You also have the ability to pay a set-up fee instead and get set up with lower charges with a broker. Direct sales or tied-agents can't offer that.
Davy charge a base platform fee of 0.9% for an executive pension plan. This 0.9% is the same whether you use the services of an intermediary or do it all yourself. It's slightly different if you're establishing a PRSA where it's 0.75% base fee if you deal directly or 1% if you use an intermediary.
Base AMC on the SDIO platform is 0.75%. SDIO is a fund option to open a trading account with Cantor Fitzgerald. They have a 0.25% trading cost model of min. €100 on an advisory basis or min. €35 execution only.
There may also be additional charges/duties depending on what ETF's or shares you're buying with either.
Kevin
www.thepensionstore.ie