The Times and Sunday Times newspapers have launched an "execution only" and financial advice service with Bestinvest. TheTimes Wealth Management Service is essentially a white-labelled version of the Bestinvest offering and is subject to the same charges.
The partnership covers a range of services:
- A non-advised online service
- Personal advice from a Bestinvest advisor
- Model portfolios run on a discretionary basis
- A full wealth planning service including advice on pensions and IHT
The broadsheet newspapers have been regarded as a strong channel to provide financial advice services; in part reflecting the demise of advice through the high street banks.
The Telegraph has been offering similar services for some time and works with St James's Place for Wealth Management and Skipton Financial Services (SFS) for its Investment Advisory Service, Fund Supermarket and IHT advice.