The company selling or arranging an investment product does not give any advice on the benefit of the plan or scheme.
The relationship between a firm and client under which the client merely instructs the firm to buy or sell. No advice is provided by the firm and consequently the suitability rules do not apply.
Where a customer has either received no financial advice, or has received financial advice but has decided to ignore it, and wishes to take out a policy on their own instruction.
A type of sharedealing service where the customer make his or her own investment decision and the stockbroker just carries out the transaction.
An execution only broker merely buys and sells shares on the instructions of the client.
Online share dealing is execution-only. This means that the broker acts only on your instruction and no advice is given.
A service in which the intermediary has no responsibility for advising the investor on whether a particular transaction is suitable or not (for the investor). The intermediary's responsibility is limited to executing the transaction on the investor's instructions.
A service whereby a broker simply executes his client's orders, without giving any advice. This is the cheapest form of brokerage and is often done by phone. Known in America as discount brokerage.
where the company arranging or selling the financial product does not give any advice regarding the benefits or risks concerning the product.
They arrange and/or provide the product that the customer has asked them to arrange without providing any advice as to whether it is suitable or not for the customers circumstances.
Instructions to buy or sell, given directly to a broker or fund manager without receiving any advice.
The company selling or arranging an investment product like a pension or PEP cannot and does not give any advice on the benefits of the scheme - they simply sell the product.
A service provided to a customer who wishes to buy or sell shares but does not involve the provision of financial advice.
The relationship between a client and an investment broker or independent financial advisor where the broker purely acts on the client's instructions and not in an advisory capacity.
Where a customer buys a financial product without receiving advice on its suitability.
A type of sharedealing service where the stockbroker does not give any advice to the investor but simply carries out the transaction. In theory, dealing costs should be lower to account for the lack of advice, but this is not always the case. The rise of online investment research and 'real-time' dealing facilities has made execution-only dealing a lot more popular in recent years.
A low cost stock broking service that does not include any advice or portfolio management but simply buying and selling securities.... more on Execution only
Where an adviser is instructed by a client to arrange a particular investment, without having received advice from the ADVISER.
Where a customer buys a financial product without the organisation (usually a bank or building society) who is selling the product giving advice or help on whether or not it is actually suitable for the customer's needs.