Professional and Retail Business Flashcards Preview

Intro Chapter 1 - Financial Services Sector > Professional and Retail Business > Flashcards

Flashcards in Professional and Retail Business Deck (9)
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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