Bell Direct extends direct equity trading to clients
Bell Direct has implemented a client trading facility on its Desktop Broker adviser-based equity trading platform.
The new facility enables clients to trade equities online using Desktop Broker, while ensuring that advisers still have oversight of the transactions.
“We’ve put more control in the adviser’s hands. They now have the choice of allowing their clients to trade on their own account, yet still keep an eye on everything that takes place,” said Bell Direct chief executive Arnie Selvarajah.
“Advisers can still trade on their client’s behalf, or they can give trading access to their clients who want to take a more active role in managing their equity portfolio.”
He added that the new feature was also useful at tax time when advisers needed to report on their clients’ assets and liabilities and yet did not always have access to all their activities.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
