Financial Glossary what is execution-only-broker


Execution Only Broker

A broker who buys and sells shares on the instructions of clients but who offers no advice about what to buy and sell. Self-directed investors who want to make their own decisions are most suited to this service, and will probably be attracted by the lower dealing costs. Investors who want advice will need to use the services of an advisory of discretionary broker. The website of The Association of Private Client Investment Managers and Stockbrokers provides a list of brokers and the services that they offer.
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