Charges and interest rates

This charges and interest schedule forms part of the Touch Terms and Conditions.

Charges

All charges are effective as of 6th October 2023

We do not hold any rights over your money, except for charges owed to us or your adviser. To cover the charges, we will sell assets proportionally across your portfolio if there is insufficient cash available.

Adviser charges - amount agreed between you and your adviser

Initial Adviser Charge - Deducted from your cash account upon allocation of a deposit (or a transfer) into your account. To be paid to your adviser.

Ad-hoc Adviser Charges - Deducted from your cash account when you agree a one off or a new charge with your adviser. To be paid to your adviser.

Ongoing Adviser Charges - Charges payable to your adviser, are continuously calculated in real-time based on the assets held in your account, including any movements in and out at their mid-market value. These charges, calculated as a percentage of your assets, may increase as your assets grow.

The total charges (accumulated daily) will normally be collected within 20 business days of the end of each calendar month. Charges are deducted from your cash balance as a single monthly payment. Charges may be delayed if there are insufficient funds in your account, potentially leading to their postponement or cancellation.

We collect all adviser charges as your adviser’s agent and hold them in a corporate bank account until payment, where they are no longer treated as client money. You can pay your adviser charges directly from your cash account or you can make separate arrangements to pay your adviser charges directly.

Custody charges - payable to us

For ISA/GIA - 0.20%
For RIA - 0.25%

​ Calculated in real-time based on the assets held in your account, including any movements in and out at their mid-market value. These charges, calculated as a percentage of your assets, may increase as your assets grow.

The total charges (accumulated daily) will normally be collected within 20 business days of the end of each calendar month. Charges are deducted from your cash balance as a single monthly payment. Charges may be delayed if there are insufficient funds in your account, potentially leading to their postponement or cancellation.

Charges on cash held in your account - 0.00% (no charge)

Exit Charge - 0.00% (no charge)

Product charges - various

There may be charges for underlying investments, including bid/offer spreads, and additional costs and taxes when purchasing assets on your behalf. You can refer to your investment proposal and summary documents for detailed information on these charges, presented as percentages and monetary values. Our quarterly and annual statements provide a breakdown of the exact costs and charges incurred.

Your assets may have their own management and administration charges. Product charges may include:

• Initial Fund Charges
• Ongoing Fund Charges
• Trading Charge/transaction costs
• Incidental Charges (which may include a dilution levy)

Interest rates and banking partners

We earn interest from banks based on the total cash balances we hold in client money and trustee bank accounts. The amount of interest varies based on the balance held and market interest rates. For the foreseeable future we expect to receive:

Cash held in the RIA - 0.65% Below the Bank of England base rate

Cash held within the ISA and GIA - 0.65% Below the Bank of England base rate
​ Banking partners - Lloyds Bank

The interest we pay to you is determined by our own rate, independent of the amount we receive. We retain the excess amount to support a lower custody charge for you. Interest payable to you is calculated daily and paid on a quarterly basis.

Interest rate we will pay to you on cash held in your account - 0.00% (Effective date 1st October 2023)