New service for advisers - Do you have UK clients with overseas assets/liabilities?
4 December 2023
Do your clients need this service?
- Looking to make or receive an overseas bank payment over £100 (no maximum amount)
- Private or business client
- Client can be based in the UK or overseas
- Currently using their bank or a currency exchange provider
Do you need this service?
- Non-advisory introduction – so no lengthy forms to fill out, no compliance to conduct for you
- Quick and simple – gain client consent to share their name and number
- This service enables your clients to gain more control over their international finances
- Introducer’s fee available on every client transaction
About the service
TorFX have won Moneyfacts Consumer ‘Best International Money Transfer Provider of the Year’ for 7 years running (2016-2022) and overall ‘Best Customer Service’ for 6 years.It’s free to register with TorFX and they do not charge any service/transfer fees. Each client is assigned a dedicated Account Manager who works on behalf of the client to monitor the market and secure the best exchange rates available within the clients’ timeframe. Clients are also given access to the online trading platform if they wish to self-service.
TorFX offer a ‘Rate Improver Guarantee’ which looks to beat the rate your client is currently receiving elsewhere.
Note – referring clients to TorFX is not deemed as advice, it’s a simple introducer’s agreement.
You’re not required to complete any compliance paperwork for these referrals, the clients’ consent to share their name and phone number is all that’s needed.
What to do next
- Click here to request more information
- Have questions? Want to discuss a possible case? Contact TorFX on 01736 335740 or [email protected]
- Log into your Partner Portal to introduce a client
Use cases
There is a wide array of reasons your private & business clients, friends, family and connections might have currency requirements, as demonstrated by the case studies below.- Business Clients
- Overseas Holidays
- Bill payments
- Sending funds to family
- Investments
- Selling Property
- Inheritance
- Studying
- Private Equity Firms
- Emigrating
- Buying Property
- Property Maintenance Costs
- Salary
- Pensions
- Buying Luxury Goods
- Property Agents – servicing international students
- Legal firms
- Property Agents – remitting rental income overseas
