Twenty questions to ask your stockbroker
Article Abstract:
Novice investors should ask a number of questiosn to help them select a stockbroker. They should ensure the broker is authorized, and enquire about service levels such as whether advice is available. They can ask the broker about the types of client that broker specializes in. They should ensure the broker is adequately insured to cover insolvency and negligence claims. Some brokers only offer nominee accounts, which not all stockholders wish to use. Brokers may also offer sponsored membership of Crest.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Choosing a stockbroker
Article Abstract:
UK investors can choose from a wide range of stockbrokers from single person enterprises to large companies. Investors need to decide on the level of service they require such as the level of advice and whether they want a broker to be proactive. Investors will be constrained by the availability of funds to invest and should assess total returns excluding charges instead of basic cost levels. Brokers should also have enough information about investors to provide the right advice.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Spotlight on stockbroker safety
Article Abstract:
The Investors Compensation Scheme (ICS) provides some security for UK investors in the event that their stockbrokers become insolvent. There is a limit of 48,000 pounds sterling for each investor, and security has become a more important concern of investors since the collapse of Barings. Insolvency covered is offered by ShareLink and Fidelity, both UK brokers. Most UK brokers do not offer such cover, though they are aware of the need to reassure investors.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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