Stock Brokers > Merrill Lynch HSBC
About Merrill Lynch HSBC
Launched in the UK in May 2001, Merrill Lynch HSBC aims to provide a high-quality direct investing and banking service to private investors.
Merrill Lynch HSBC was originally a joint venture between Merrill Lynch, the pre-eminent American investment bank, and HSBC, the global financial services group. They used the skill and resources of both companies to create a product that won the Most Consumer-Friendly Online Broker award at the Investor's Week Online Finance Awards in 2001.
In July 2002, Merrill Lynch HSBC became 100% owned by HSBC, and became a full member of the HSBC Group.
Products and Services
Your Merrill Lynch HSBC Investment and Banking Portfolio (IBP) lets you make the most of Merrill Lynch HSBC. With an IBP, you can enjoy:
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A total wealth snapshot anytime
Cash Accounts online in Sterling, Euro, and US Dollar currencies
Higher Interest Savings Account in Sterling
TESSA cash rollover into a TESSA ISA
ISA and PEP dealing in both UK and US equities
Protected Investment Products (PIPs)
Share Dealing in US and UK equities in one investment account
Trading Reserve overdraft facility
Research from Merrill Lynch and HSBC, 24 hours a day
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Visit http://www.mlhsbc.co.uk
Stock Brokers > BestInvest
About BestInvest.co.uk
Bestinvest take a different approach to most other investment advisers. Typically, they do not receive any commission from transactions, their income is derived mainly from the value of clients' investments. In that way they avoid the potential conflict of interest that can affect the impartiality of advice. They only prosper if clients remain with them and the value of their investments grow.
Their own research analysts carry out hundreds of face to face meetings with fund managers each year. They typically discount all of the initial commission on Funds and ISAs and negotiate further discounts with the managers.
Their approach is designed for the medium to long term investor who wants to sleep easily at night but earn competitive returns.
You can purchase practically any type of investment through Bestinvest - ISAs, Unit Trusts, Investment Trusts, Shares, Insurance Bonds, Stakeholder Pensions, Guaranteed Income Bonds, Venture Capital Trusts, Enterprise Investment Schemes and many others.
Services
Execution Only
This is available to all customers. You gain the benefit of Bestinvest's research and discounted dealing terms and your portfolio can be monitored via the Client Centre section of their website.
Advisory
Organising your own investment affairs is time-consuming and requires a thorough knowledge of investment matters. Their trained advisers can take away this problem by making a bespoke recommendation for you once they have an adequate understanding of your circumstances and objectives. There is no explicit charge for this service but it is usually restricted to investors with portfolios of at least £40,000.
Pension reviews and complex financial plans may be charged on a fee basis but this will be agreed in advance with customers.
Investment Management
If you want to delegate the task of monitoring and managing your investments and your portfolio is in excess of £250,000 you might want to appoint Bestinvest as your Investment Manager. They generally charge a fee of 0.25% of the portfolio value every six months.
Visit http://www.bestinvest.co.uk
