TPP vs. the Old Guard Wealth Managers: Why Pay Champagne Prices for Tap Water Performance? Insight from Lane Clark at TPP.

TPP vs. the Old Guard Wealth Managers: Why Pay Champagne Prices for Tap Water Performance?

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Let’s cut through the noise.

Most traditional wealth managers in the UK are still selling a 1990s service in a 2025 world.

They wrap it up in marble foyers, glossy brochures, and long lunches……but under the bonnet? High fees, mediocre returns, and a business model designed to win, even when you lose.

It’s time to show the maths.

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🏦 The Old World: High Fees, Hidden Costs, Hollow Promises

Take St. James’s Place (SJP), the poster child of the old model.

On a £250,000 portfolio, here’s what you’ll typically pay:

1.6%–2.0% all-in annual charges once advice, platform, and fund fees are bundled together

Initial advice charges as high as 4.5%

Early withdrawal penalties if you change your mind in the first 6 years

That’s £4,000–£5,000 per year just to stand still.

And despite that premium price tag, most SJP funds underperform their benchmarks over 5 and 10 years. This isn't opinion, it's fact!!! Check out the 'dog funds list' if you want more information on this.

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Now look at Quilter (another FTSE 250 wealth manager):

Total costs typically 1.5%–1.8% per year

Often layered with discretionary fund management (DFM) charges on top

Plus VAT on advice fees

That’s £3,750–£4,500 per year gone… before performance is even considered.

And if markets fall?

They still get paid.

If they lag the FTSE 100?

They still get paid.

If they deliver 0.5% and you could have made 7% in a tracker?

They still get paid.

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Take Hargreaves Lansdown, the “household name.”

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On a £250,000 portfolio held in funds, you’ll pay:

• 0.45% platform fee = £1,125 per year
• Fund charges on top (often 0.2%–0.8%)
• Transaction costs hidden inside funds
• And if they underperform the FTSE 100? Tough luck. They still win. You still pay.

Even if you hold ETFs or shares instead, HL caps fees at £45 per year, but that’s on top of dealing charges (£11.95 per trade) and still with no link between cost and results.

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And performance?

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Over 80% of actively managed UK equity funds underperform their benchmark over 5 years.

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They charge anyway.

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🚀 The TPP Model: Smash the Fee Ceiling. Keep the Performance.

Now look at TPP.

No management fees.

No performance fees.

No exit penalties.

No “advice” charge just for showing up.

Just a fixed subscription to access world-class strategies built to beat the benchmark.

But best of all: the performance we quote on our platform is all NET OF FEES!!!!

For example:

2 strategies at £60/month each = £1,440 per year total

On a £250,000 portfolio, that’s just 0.576% all-in

That means TPP costs up to 75% less than a traditional wealth manager. And because it’s fixed, the bigger your portfolio grows, the cheaper it becomes as a percentage.

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Put simply:

If TPP delivers just 0.6% more than a FTSE tracker, something our top strategies have achieved many times over, you’re already ahead.

And if SJP delivers 1% less than the market (as many of their funds have), you could be 2%+ better off per year by switching.

Over 10 years on £250,000, that’s a difference worth £50,000–£70,000+.

However, the real TPP difference isn't the fees. It's the performance!!! And that difference is absolutely HUGE!!!!!!

Gone are the vague reports, and the lag in reporting. TPP designs strategies to beat their market benchmarks. 80% of all wealth managers underperform simple market trackers. Let's be candid: it really isn't good enough, and change is required......

That's the exact reason why we built this. For frustrated investors just like you. For investors who want more......

We're changing the game, and we'd love the opportunity to reverse your portfolio performance.

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🧨 The Future of Wealth Management Isn’t Wealth Management

TPP isn’t a wealth manager. We don’t give you a glossy brochure and a golf day. We give you performance.

No percentage drag. No exit traps. No excuses.

Just access to institutional-grade strategies, real-time transparency, and the ability to scale without the old-world baggage.

📈 Want to see the difference for yourself?

🔍 Test-drive 4 TPP strategies free with a demo account.

📞 Or book a free strategy call and see why investors are walking away from the old guard in record numbers.

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👉 Start Your Free Demo | Book a FREE consultation call.

🔥 TPP: Built for investors who prefer facts over headlines.

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