Professional and Retail Business Flashcards
1
Q
Types of Markets
A
Equity Bond Derivative Insurance Foreign Exchange
2
Q
Retail Investors
A
Retail Markets
Assumed to lack of knowledge
3
Q
Professional Investors
A
WholeSale Markets
Assumed to be knowledgeable
4
Q
RDR
A
Retail Distribution Review
Applies to retail investment products
Independent advice - IFAs
Restricted advice - Tied/Multi Tide Agent
Client pays for advice
- Upfront
- Deducted from investment
5
Q
Two Types of Platforms
A
Fund SuperMarkets
Wraps
6
Q
Fund SuperMarkets
A
Online one stop shop for collective investment scheme holding
e.g. OEICs
Comparison site
7
Q
Wraps
A
Online one - stop shop for various products
e.g. ISAs, SIPPs, Collectives
8
Q
Execution Only
A
Firm processes orders given by client and no advice offered
9
Q
Robo Advice
A
Investor input financial info
Computer construct portfolio
