One-stop shops
Article Abstract:
Private client fund management is offered by some United Kingdom brokers who charge a fee and depend less on commission income so are less likely to sell and buy stocks simply for commission. One-stop shops have developed to allow investors to obtain all the advice they need from one company. An integrated service is often offered by law firms, and means that there is no need to coordinate advice from a range of sources. Clients also benefit from lower costs and having one contact whom they know. Law firms are also independent so can offer impartial advice.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Private functions
Article Abstract:
Portfolio management for private investors is offered by private banks which may seek a lower minimum capital level than is demanded by stockbrokers. Private banks tend to have alonger term view of client relationships than do brokers. Methods for calculating charges vary among private banks. Commission may be discounted against annual fees. Some banks also offer a service geared to smaller investors who wish to diversify risks by investing through a unit trust.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
User Contributions:
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