Financial Planning Service – Client Charges

Client charges can have a significant cost drag on a portfolio’s overall performance. Traditionally, the charges have been broken down into component parts, making cost comparisons between different providers difficult.

I feel that it would be much fairer if all firms whose services include investment management (i.e. not just individual funds but discretionary investment managers and financial advisors/planners) were required to disclose their Total Expense Ratio (TER).

TER measures the headwind that has to be overcome and includes the annual management charge and certain fixed costs but excludes dealing charges. As a benchmark, the average active equity fund has a TER of a little below 1.7%. Tower Hill Associates’ comprehensive financial planning service (including portfolio funds, all product charges and platform costs) comes in at less than 1.6% for most clients and much lower still for larger investment portfolios.

If your current financial advisor offers a comprehensive personal service focused on helping you achieve your goals supported by a client centred investment process for a TER of around 1.6% there is little reason to look elsewhere.

This entry was posted in Blog, Financial Planning and tagged , , . Bookmark the permalink. Both comments and trackbacks are currently closed.

Becoming a client

See our free no-obligation
4 steps to becoming a client
and our transparent fees

Click Here »
Read Our Blog Blog
The Latest From Tower Hill
Tower Hill In The News Investment Videos
Industry Expert Analysis
Contact Tower Hill Associates Contact us
Talk to us today
VouchedFor rating and reviews for John Lang, IFA Richmond

Watch our latest video
for more about us and our service.

Latest Blog

  • How to make your pension pot last? November 24, 2015 It is a question that will be on many people’s minds as they approach retirement particularly with greater pension freedoms giving increased flexibility on how to use their pension savings.

Links / Search