John Joe Terril, founder of Terril & Company. As you view it, know that Terril founded the company in 1979 as an independent, fee-based concern, meaning all of its revenues are derived from client fees. Terril & Company does not charge or accept commissions tied to the sale or purchase of securities. Investment commitments are made solely on their potential for total return to the client. The mutuality of economic interest eliminates any potential conflict of interest between Terril & Company and its clients. It also explains why referrals from current clients, which include individuals, trusts and private/corporate retirement plans, are its #1 source of new business.