Best Execution Report

Part 1: Top five entities used for the transmission or placing of client orders

Where we send investment applications or orders on your behalf to third parties (for example, to buy or sell investment holdings), we make every effort to ensure the best possible result for our clients. This is referred to as best execution. In arranging for the execution of your order:

  • We may place the order via a third party broker or platform (an online investment administration service) to execute your order
  • We may place the order directly with a fund manager

We’re obliged to disclose, on an annual basis, the top five investment firms that we send our client orders to. The table below relates to the period 1st April 2016 to 31st March 2017

Best execution report

Part 2: Monitoring and review

  • We operate in accordance with our best execution policy.
  • Under the terms of our policy, we regularly assess the third parties available to us to identify those that will enable us, on a consistent basis, to obtain the best possible result when arranging for the execution of your orders.
  • The third parties that we use, also have responsibilities in relation to best execution and client order handling. We undertake periodic monitoring to make sure that they continue to meet our requirements. This review is carried out at least annually or whenever a significant change occurs that we feel could affect our ability to continue to obtain the best possible results for our clients.