Looking for the best of both worlds
Article Abstract:
Private investors share dealing has become cheaper in the UK since the increase in competition which took off in the 1980s. Execution-only transactions are cheaper, and the pioneer in low-cost retail stockbroking was ShareLink, which ranks first in the UK market. ShareLink and Fidelity Brokerage Services changed the nature of the UK market. Brokers are also increasingly targeting active dealers for whom they offer special rates The cost of brokers' services depends on whether trades are frequent or large, and investors should assess the best broker for their particular dealing patterns.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Brokers who fail their clients
Article Abstract:
Investors may select a UK portfolio manager because they do not have time to manage portfolios themselves, but they should still monitor the performance of their portfolios. Regulators may not be able to help if the problem if simply poor performance, though unsuitable advice and bad management may be dealt with by regulators. The manager should first be asked to deal with the problem, and then the SFA Complaints Bureau should be contacted. The Consumer Arbitration Scheme could then help, as could the Investment Ombudsman.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Halifax float: brokers fight back
Article Abstract:
UK stockbrokers have complained about corporate nominee accounts to the Office of Fair Trading. These accounts often offer stockholders of the company more benefits than if they used a stockbrokers' nominee account. The Halifax has used a stock allocation form which could lead applicants to put stocks in the Halifax nominee account without intending to. Stockholders who wish to transfer stocks elsewhere face delays which one source argues are not necessary due to the ease of electronic transfers to another nominee accout.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
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