Who's doing what?

Article Abstract:

United Kingdom stockbrokers have been affected by the entry of Edward Jones, the departure of Fidelity Brokerage, and acquisitions, such as Brewin Dolphin's acquisition of Wise Speke. There is acceptance that changes will be made by usage of the internet which will affect the medium term. Brokers are also increasingly concerned about marketing. There are four main types of brokerage service in the UK, execution-only, dealing with advice, portfolio management and nominee services.

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Uses for brokers

Article Abstract:

United Kingdom investors who have completed questionnaires for Investors Chronicle periodical have provided information on how they use their brokers. They express less irritation on problems in contacting dealing-only brokers in 1998 compared with 1997, and they are happy with the information they receive from dealing-only brokers. Over half of those who answered the questionnaire use two brokers or more, and many respondents have used their main brokers for a long time.

Usage, Financial services industry, Financial services

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Investors sleep tight

Article Abstract:

UK stockbrokers can buy policies from a US company called Asset Guaranty which protect clients if the company go bankrupt. The UK Investors Compensation Scheme only offers limited compensation with a 48,000 pounds sterling cap. There has also been concern over whether investors using nominee accounts would be covered by the scheme. Asset Guaranty carries out thorough checks before providing cover, and has sold policies to two UK brokers.

Insurance, Insurance Carriers and Related Activities, INSURANCE CARRIERS, Product development, Finance, Insurance industry, Investors, Asset Guaranty Inc.

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