Investment manager
What is the difference between an investment manager and stockbroker?
A stockbroker is often referred to as an execution-only stockbroker. The term execution-only describes the placing of investments whereby you have chosen not to receive any advice and know exactly what investments you want to buy and sell and when you want to do it. ‘Stockbroker’ is a term for firms who offer this service.
Investment managers give a service whereby you appoint them to manage your money for you. In this scenario you pay to access their expertise and they will buy and sell investments on your behalf, using their own discretion and based on what you tell them about your objectives and attitude to risk.
Appointing a stockbroker on your Modular iPlan
Through the Modular iPlan we offer access to two stockbroking services.
EQi (formerly Selftrade) can be used on all Modular iPlan products.
Stocktrade also offer a stockbroker service and are available for the Modular iSIPP but cannot be appointed on the Modular GIA or Modular ISA.
Click on either of the companies below to display more information. All statements have been provided by the companies. James Hay has published these in good faith and accepts no liability for their accuracy.
EQi is a trading name of Equiniti Financial Services Limited, part of the Equiniti Group.
The following are just some of the features you can expect from your EQi share dealing account:
- A wide variety of investments
- The ability to place at best and limit orders online or by telephone
- View a full statement history outlining your dealing history and money movements
- View your portfolio value
- Read and respond to secure messages relating to your share dealing account, including electronic contract notes.
Please note you will need to complete the EQi Third Party Regulatory Details form in addition to your application form to authorise your financial adviser, or other third party, to act on your behalf.
Stocktrade, based in Edinburgh and Dundee, is the trading name of Embark Investment Services Limited, which is a wholly owned subsidiary of Embark Group.
As an execution-only broker, Stocktrade does not offer investment advice but instead deals and settles transactions for investors who make their own investment decisions.
Stocktrade work with; quoted companies, discretionary fund managers, life companies, platforms, SIPP providers, and buildings societies, offering execution-only trading services from pension administration and bulk dealing linked to maturing share schemes through to telephone and online dealing access for employees, advisers and shareholders.
For further information please select www.stocktrade.co.uk.
The value of investments can fall and you may get back less than you invested.
Appointing a stockbroker or investment manager
Within the Modular iSIPP, you can appoint a stockbroker or investment manager outside of our panel using the whole of market module.
If you wish to appoint a stockbroker or investment manager for your IPS SIPP, IPS (2008) SIPP, IPS Pension Builder SIPP, IPS Family SIPP or if the investment manager you wish to appoint is not listed below please contact us on 03455 212 414 to confirm if we currently operate with your chosen investment manager/stockbroker.
- AFH
- Arbruthnot Latham & Co
- Barclays Investment Solutions Limited
- Brooks Macdonald Asset Management Limited
- Canaccord Genuity Wealth Limited
- Cazenove Capital Management
- Charles Stanley & Co Limited
- Close Brothers Management Limited
- Coutts & Company
- Credo Capital PLC
- Evelyn Partners Discretionary Investment Management Limited
- Evelyn Partners Investment Management LLP
- Fisher Investments Limited
- Fusion Wealth Limited
- HSBC Private Bank (UK) Limited
- Investec Wealth & Investment Limited
- J M Finn & Co Limited
- LGT Vestra LLP
- Quilter Cheviot Limited
- Rathbone Investment Management Limited
- Raymond James Investment Services Limited
- RBC Brewin Dolphin
- Ruffer LLP
- Saunderson House Limited
- Seven Investment Management Limited
- SG Kleinwort Hambros
- Trust DFM
- UBS AG
Points to consider
Choosing to invest through an investment manager or stockbroker may not be suitable for everyone and if you are in any doubt we recommend that you talk to a regulated financial adviser. If you do not have a financial adviser, you can visit www.unbiased.co.uk or call 0800 023 6868 which will give you a list of financial advisers local to your area.
You can also find useful and impartial information about pensions, savings and investments through the MoneyHelper. Please visit their website www.moneyhelper.org.uk for more information.
Capital at risk warning to consider
The value of your investments is not guaranteed and can go down as well as up, and you may not get back the full amount you originally invested.