T. Bailey repeats special ISA offer for IFAs and their families
Fund of funds specialist T. Bailey is repeating its popular special offer aimed specifically at rewarding IFAs during ISA season.
The arrangement allows all business under the firm’s “IFAs’ own ISA” scheme to be dealt at 0% initial charge and with a low 75 basis points AMC.
The terms are available not only to IFAs but to their families, their staff and even their staff’s families.
The offer, which applies to both new lump sum investments and ISA transfers, lasts until 30 April 2009 – allowing advisers to take advantage of the terms in the current tax year and the next.
T. Bailey CEO and Fund Manager Jason Britton said the deal, first introduced in 2007, demonstrated the extent of the firm’s commitment to its IFA partners.
He said: “ISA season is all about helping clients make the most of their investments, but this is our way of thanking advisers for their work by helping them make the most of their own money as well.
“We know from experience that many IFAs first invest with us themselves and then recommend us to their clients because they’re so impressed with our service and performance.”
The “IFAs’ own ISA” offer is available only on deals placed directly with T. Bailey and is one of several initiatives that the award-winning multi-manager has introduced during ISA season.
This year the firm, which has a reputation for pioneering ideas designed to support advisers, has also waived its initial charges on retail investments for all clients, including transfers business, until 30 April.
Britton added: “As we prove year in, year out, we’re always keen to provide IFAs with the support and terms they need – and the terms of the “IFAs’ own ISA” offer show this yet again.
“These are our institutional rates. You would normally need to invest £30,000 with T. Bailey to enjoy the benefits of such favourable terms.”
| Retails Units | Institutional Units (Including “IFAs’ own ISA” investments and transfers) | |
|---|---|---|
| Annual Management Charge | 1.50% per annum with 0.75% trail commission per annum | 0.75% per annum with no commission |
| Manager’s initial charge | 0% on lump sum ISAs, and ISA transfers until 30 April 2009 | Nil (no commission) |
| Exit charge | Nil | Nil |
| Minimum investment | £1,000 or £50 per month under a regular savings scheme | £30,000 (waived for investments under the “IFA own ISA” scheme) |
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