Advisory Broker

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Advisory Broker

A broker or brokerage that, in addition to making trades on behalf of the client, provides investment advice. That is, the advisory broker recommends the client buys or sells certain securities, in accordance with his/her investment goals. The advisory broker receives a fee in addition to the commissions given for the actual trades.
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You can find an IFA at unbiased.co.uk and vouchedfor.co.uk, or big advisory brokers include lifesearch.co.uk and lifeassureonline.co.uk | Martin Lewis is the founder and chairman of MoneySaving Expert.com.
Discount brokers include cavendishonline.co.uk, moneyworld.com and money-minder.com If you do need advice use an advisory broker or Independent Financial Advisor (IFA).
Mr de las Cuevas said that the costs involved in administering suitability tests would be so high as to force firms to become discretionary or advisory brokers.
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