Share Centre will pay exit fees to win axed Towry clients

clock

The Share Centre is offering 'free' investment advice and a contribution toward any transfer charges to thousands of smaller clients offloaded by Towry.

Towry recently revealed it will offload around 6,000 small investors holding assets worth less than £5,000, including many customers of Edward Jones which it acquired last year, as part of a strategic review. The Share Centre says it will give these customers investment advice at no extra cost and will pay up to £300 towards the cost of any transfer charges made by Towry. Guy Knight, director of The Share Centre, adds: "It is vital that all investors can receive affordable, professional advice that sets them in the right direction and offers periodic reviews. "Both are critical to ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

The importance of female representation in wealth management

The importance of female representation in wealth management

'Representation at senior levels helps inspire the next generation of female advisers'

Amy Grace
clock 15 October 2025 • 5 min read
From youth mentor to advice: Mark Singh's journey to financial advice and empowerment

From youth mentor to advice: Mark Singh's journey to financial advice and empowerment

A passion for financial education and youth empowerment

Professional Adviser
clock 15 October 2025 • 3 min read
Autumn Budget 2025: Chancellor reconsidering cash ISA reforms

Autumn Budget 2025: Chancellor reconsidering cash ISA reforms

The updates advisers need in the run up to the Autumn Budget 2025 on 26 November

Professional Adviser
clock 15 October 2025 • 1 min read