blanket recommendation

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Blanket recommendation

A recommendation by a brokerage firm sent to all its customers advising that they buy or sell a particular stock regardless of investment objectives or portfolio size.

Blanket Recommendation

A recommendation to buy or sell a security that a broker or investment advisor makes to all her clients. Many analysts advise against following a blanket recommendation because doing so may not advance one's individual investment goals. In fact, following a blanket recommendation may seriously harm a client, depending on the client's risk tolerance, level of diversification and other matters.

blanket recommendation

A recommendation to buy or sell a security that is sent by a brokerage firm to all its customers. Firms do not consider individual investors' objectives before sending out a blanket recommendation.
Are blanket recommendations sent to investors in a timely enough manner to be effective?

Blanket recommendations for a specific security usually have been significantly diluted by the time the client receives a mailing from the brokerage firm. In most cases, the recommended security should be looked at as a long-term play rather than as a trading vehicle.

George Riles, First Vice President and Resident Manager, Merrill Lynch, Albany, GA
References in periodicals archive ?
Allowing for the fact that good ideas sometimes get turned into blanket recommendations that don't quite fit all situations, there must be some underlying rationale for this credible-sounding advice.
Until then, individual judgement should override any blanket recommendations.
Blanket recommendations are hard to make -- in a given room, a less expensive pair might be more appropriate than a more expensive pair, but the opposite might be true in a different room.
Noting the small sample size in this study, blanket recommendations on safe fluid intake cannot be made, Dr.
It is simply too early to start making blanket recommendations for how patients should take their drugs," Watkins said.