Tilney Bestinvest introduce one-off advice service14 April 2016
Leading investment and financial planning group Tilney Bestinvest announces the launch of its new one-off advice service, designed to meet the needs of clients who require one-off advice on a lump sum or investment portfolio.
The service will be available to new clients and to existing users of the Group’s non-advised Online Investment Service. One-off advice will be available at a competitive fee of 1% of the value of assets, with a minimum charge of £500 and a maximum fee-cap of £5,000.
Users of the one-off advice service will go through the same rigorous process as those receiving ongoing investment advice, which involves in-depth fact finding and risk profiling exercises designed to identify an investor’s aims and risk-appetite. If, following a review, an investor’s situation is deemed to require ongoing advice, they will be recommended to the Tilney Bestinvest Investment Advisory service, and should they choose to opt-in their initial 1% upfront fee will be waived.
Lee Dooley, Managing Director at Tilney Bestinvest, explained: “As a firm, Tilney Bestinvest has always stressed the important role professional advice plays in helping our clients to better-understand their options, and make the most of their investments. But we have also recognised that, until now, some investors viewed advice as either out of their reach, or an ongoing commitment to which they could not quite stretch. We have introduced the one-off advice service to ensure more people than ever before can take advantage of our award-winning investment advice, without having to pay for an ongoing service they might not require at the time.
“Whether clients have been the recipients of an unexpected windfall, or are just looking to shake up their portfolio, they can now access advice whatever their level of assets may be, and safe in the knowledge that they will only have to pay for the advice they need.”
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Tilney is a leading investment and financial planning firm that builds on a heritage of more than 150 years. The Tilney Group operates under the Tilney brand for Investment Management and Financial Planning and Bestinvest for execution-only investing. We look after more than £22 billion of assets on our clients’ behalf and pride ourselves on offering the very highest levels of professional client service with transparent, competitive pricing across our entire range of solutions.
We offer a range of services for clients whether they would like to have their investments managed by us, require the support of a highly qualified adviser, prefer to make their own investment decisions or want to take more than one approach. We also have a nationwide team of expert financial planners to help clients with all aspects of financial planning, including retirement planning.
We have won numerous awards including Best Fund Platform and Best SIPP Provider at the 2017 City of London Wealth Management Awards; Investment Award – Cautious category in the Private Asset Management Awards; and Stockbroker of the Year, Execution-only Stockbroker of the Year and Self-select ISA Provider of the Year 2015, as voted by readers of the Financial Times and Investors Chronicle. We are pleased that our greatest source of new business is personal referrals from existing clients.
Headquartered in Mayfair, London, Tilney Group employs over 1,000 staff across our network of offices, giving us full UK coverage, and we combine our award-winning research and expertise to provide a personalised service to clients whatever their investment needs.