New Products
Tilney Bestinvest Launches One-Off Advice Service
The UK wealth manager is launching a new service shortly after agreeing a major acquisition.
The UK investment management and financial planning group Tilney
Bestinvest, which earlier this month agreed to buy rival
firm Towry, has launched a new one-off advice service.
The offering is designed to cater to clients asking for one-off
advice on a lump sum or investment portfolio, as opposed to
continuous advice. The service will be available to new clients
and to existing users of the group’s online investment service,
the firm said in a statement.
It will be available for a fee of 1 per cent of the value of
assets, with a minimum charge of £500 and a maximum fee cap
of £5,000.
With the Towry acquisition, Tilney Bestinvest is creating a
combined business with more than £20 billion ($28.4 billion) of
assets for affluent and high net worth clients.
