Charges and Interest Rates

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

Charges

All charges are effective as of 30th July 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

Initial Adviser Charge - Amount agreed between you and your adviser.
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 - Amount agreed between you and your adviser.
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 - Amount agreed between you and your adviser.
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.

On the first business day of each month, the total charges (accumulated daily) 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

For ISA/GIA Accounts - 0.25%
Charges payable to us are 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 you r assets, may increase as your assets grow.

On the first business day of each month, the total charges (accumulated daily) 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

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.

Product Charges

Product Charges - Amount dependant on
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 RIA Accounts - 0.65% Below the Bank of England base rate

Cash held within and ISA and GIA Accounts - 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:

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