Tilney Bestinvest introduce one-off advice service

14 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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About Tilney

Tilney is a leading investment and financial planning group that builds on a heritage of more than 180 years.  Our clients are private investors, charities and professional intermediaries who trust us with over £23 billion of their assets. We offer a range of services including financial planning, investment management and advice and, through our Bestinvest service, a leading online platform for those who prefer to manage their own investments.

We have won numerous awards. Tilney has been awarded Best Conventional Advisory Service at the 2018 City of London Wealth Management Awards, Best Advisory Service in the 2015 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. Bestinvest was voted Best SIPP Provider and Best Fund Platform at the 2017 City of London Wealth Management Awards, Best Direct SIPP Provider at the YourMoney.com Awards 2017, Best Stocks & Shares ISA Provider at the 2017 Shares Awards, as well as Best Self Select ISA Provider, Best Online/Execution-only Stockbroker and Best Investment Platform 2017 at the FT and Investors Chronicle Investment and Wealth Management Awards, as voted by readers of the FT and Investors Chronicle.

Headquartered in Mayfair, London, the Tilney Group employs over 1,000 staff across our network of 30 offices, enabling us to support clients with a local service throughout the UK.