For example, discount brokers
do not offer such facilities, but full-service brokers do.
can give guidance and fund factsheets, but not advice as defined by the Financial Services Act.
Buying individual stocks on a fixed income is easier today thanks to discount brokers
such as Charles Schwab (877-476-2370) and online investment outfits like ShareBuilder.
are expanding their banking services in an attempt to make the most from each customer.
Cheryl Downing, 47, from Hove, East Sussex, has just invested pounds 5,000 in a maxi ISA through HCF discount brokers
and saved pounds 200 in charges.
This could be partly due to early enthusiasm for Internet technology and the infiltration by large US discount brokers
which have seen the UK as an entry point into Europe, IDC says.
However, discount brokers
are now offering far more than simply buying and selling on behalf of clients, on what is called an "execution-only" process.
HAT609) ARTHUR KONTOS, CEO of NATIONAL DISCOUNT BROKERS
GROUP (NDB), describes the company's business and its background; prospects for the industry, with positive and negative trends; competitive threats; strategic opportunities for the firm including its marketing plans and acquisition potential; management strength and organization; and the financial prospects of the firm looking forward.
Also, they are a growing number of big investment banks who've allied with discount brokers
to give their customers an opportunity to buy shares in select IPOs.
and National Discount Brokers
in Colgate Center, all of whom occupy space at 90 Hudson Street, 70 Hudson's twin to the north.