Cut the frills to keep dealing costs down
Article Abstract:
Using execution-only stockbrokers is one way of keeping down the cost of investing in stocks in the United Kingdom. These brokers do not provide advice, and tend to be telephone-based, though branch-based services are sometimes available, as are postal services. Financial advisers, banks and building societies offer this service. New entrants include Green Line, while Fidelity Brokerage has left the market. The providers are mainly distinguished by price, but service quality is also important. Investors can choose between electronic trading, or paper-based trading.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Brokers offer access to new issues
Article Abstract:
UK investors can buy some new share issues from certain brokers. Public offers of share issues tend to be costly, and companies may prefer to attract institutional, rather than private investors. Relaxation of rules means that public offers are not compulsory for large companies. Brokers have seen this as an opportunity and are opening these offers from large companies to private investors. The Share Centre is one such broker. Investors have to pay charges and cannot gain access to all issues.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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