Chartwell rolls out direct advice service

Scott Sinclair
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IFA Chartwell has launched a telephone-based direct advice proposition for clients, a move it describes as "next generation advice giving".

The fee-based service, called Direct Advice, already caters for a client base of over 2,000 customers who were previously looked after ‘face to face' by Chartwell's high net worth private client division, but the company is now opening it up to new customers.   Fees will typically be 1% to 2% depending on the requested service. There is also an ongoing advice fee of 62 bps with all commissions from fund managers being paid back to the client. Direct Advice also offers discretionary management of a client's portfolio at no additional cost. Clients will be serviced by a team of qua...

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