Definitions for "Execution only"
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.
Keywords:  vendor, status, non
Non-status Vendor