What you'll pay. And why.
The three fees.
All charged as a percentage of the value of your portfolio, calculated daily and deducted monthly by the platform.
Adviser fee
Paid to your adviser for financial planning, advice, reviews, ongoing support and choosing which DFM and platform to use.
Quorum DFM fee
Paid to Quorum for managing the portfolio — fund selection, daily monitoring, rebalancing, monthly commentary, reporting and compliance.
Platform fee
Paid to the platform for holding your money, executing trades, sending statements, tax reporting and FSCS protection.
There is also an ongoing fund charge (OCF) inside each fund - typically 0.06 – 0.62% depending on the portfolio. This is paid by the funds, not separately by you, but reduces returns.
What it looks like on £100,000.
Illustrative total annual cost across the three ranges. Your adviser will give you exact figures for your own portfolio.
| Range | Quorum fee | OCF (in funds) | Platform fee | Total ex. adviser | On £100,000 |
|---|---|---|---|---|---|
| Core | 0.30% p.a | 0.20% - 0.45% p.a | 0.15% - 0.30% p.a | 0.80% - 1.22% p.a | £800 - £1,220 |
| Passive | 0.15% p.a | 0.06% - 0.09% p.a | 0.15% - 0.30% p.a | 0.36% - 0.53% p.a | £360 - £530 |
| Income | 0.25% p.a | 0.40% - 0.70% p.a | 0.15% - 0.30% p.a | 0.92% - 1.13% p.a | £920 - £1,130 |
Add your adviser fee (typically 0.5 – 1.0% per year) for the full picture. All figures indicative — actual costs depend on platform and adviser.
What we don't charge.
Some DFMs charge for things we believe should be part of the service. To be explicit, we don't charge:
No performance fees
We charge the same flat fee whether the portfolio beats its benchmark or lags it. Performance fees encourage manager risk-taking — we'd rather earn our fee on consistency.
No exit fees
If your adviser moves your portfolio elsewhere, Quorum doesn't charge a fee to leave. The decision belongs to you and your adviser, not to us.
No fund kickbacks
We have no commercial arrangements with any fund manager. Funds are picked on merit only — we never accept money for using a particular provider.
No transaction charges
Trading costs inside the portfolio are absorbed by the underlying funds. We don't add a separate trading charge on top.
Range comparison.
Side-by-side: what each Quorum range costs and what it includes.
| Feature | Core | Passive | Income |
|---|---|---|---|
| DFM fee | 0.30% p.a. | 0.15% p.a. | 0.25% p.a. |
| Fund type | Active + passive blend | Passive index only | Active income-focused |
| Typical OCF | 0.35 – 0.62% | 0.06 – 0.08% | 0.52 – 0.58% |
| Risk grades available | RG1 – RG5 + Ethical | RG2 – RG4 | RG2 – RG4 |
| Monthly rebalancing | |||
| Monthly commentary | |||
| Consumer Duty reporting | |||
| ESG / ethical option | |||
| Performance fees | None | None | None |
Want an exact figure?
A BDM will model the full cost stack for your AUM and platform within one working day.