Fees
Financial planning
Towry Law is a strong advocate of fee-based advice and prefer to charge on a time basis, similar to professional advisers such as lawyers and accountants. We believe this approach is most suited to providing impartial advice.
Our Wealth Advisers work in teams with paraplanners and administration staff. Each will have their own charge rates for the work they do on behalf of clients. This means that clients do not have to pay at a Wealth Adviser's rate for the parts of the work that can be handled by administration staff, such as collating information.
There are also fees on the underlying investments in our client portfolios, though we typically hold these investments on institutional terms. This means we usually purchase funds at 'creation' (zero initial) cost and also negotiate reduced annual charges. This means lower overall charges for our clients.
We do not take any fees or commissions from the underlying investments or on any transactions. This means we have no financial incentive to hold particular investments or make changes within portfolios. Any decisions are based solely on whether they are in the best interests of our clients.
Wealth management
There is a 1% initial charge and 1% annual management charge for assets over £100,000 within our Wealth Management service. Our minimum investment level is £100,000.
This represents good value considering the asset allocation techniques we employ and the depth of research we undertake in structuring and managing client portfolios.
There are also fees on the underlying investments we hold, however we keep these to a minimum by typically buying on institutional terms. This means we usually purchase funds at 'creation' cost and reduce annual charges to an absolute minimum.
We do not take any additional fees or commissions on underlying investments and likewise or on transactions that are made. This means that the investments we hold and the transactions we make are done solely in the interests of our clients.
Employee benefits
We provide comprehensive employee benefits consultancy services tailored to the requirements of the individual employer. We are open and transparent and charge fees for our services, thus ensuring no financial incentive in trying to sell a product or recommending one course of action over another. This means that we only work in our clients' best interests and seek at all times to demonstrate that we are worth the fees we charge. The value we add is measured in the cost savings for the employer and the improvement they experience in attracting and retaining high quality staff.
We do not charge for an initial meeting. This provides both parties with an opportunity to decide whether there is the basis on which to build a relationship. You can decide whether we are the right company to help you and we can determine whether our services will add value to your organisation.
