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MiFID 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 services) to execute your order
- We may place the order directly with a fund manager
We are 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 1 January 2019 to 31 December 2019.
Class of investment: Open ended collective investments, (such as unit trusts and OEICs)
| Top 5 venues ranked in terms of volume | Proportion of volume transmitted as a percentage of total | Proportion of orders transmitted as percentage of total |
|---|---|---|
| Standard Life Wrap | 34.91% | 28.81% |
| Ascentric | 18.68% | 23.66% |
| The Aegon Platform | 15.72% | 22.63% |
| Fidelity FundsNetwork | 30.69% | 24.9% |
Note: we have only placed orders with 4 venues for this class of investment
Part 2: monitoring and review
- We operate in accordance with our best execution policy. Please ask if you want to see a copy of our 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.