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Barclays Stockbrokers relaunches IFA offering ahead of RDR
by Emma Dunkley on May 31, 2012 at 08:23
Barclays Stockbrokers is rolling out a revamped service for intermediaries, providing access to a wider range of investments including exchange traded funds (ETFs), exchange traded commodities (ETCs) and structured product issues.
The firm is offering the service through a single online account, which provides access to multiple asset classes including stocks, bonds, as well as ETFs, ETCs, and the ability to buy new structured product issues.
Barclays said the service, which is targeted at intermediaries managing a portion of their clients’ existing portfolios, is available 24 hours a day, with the option to download statements and valuations.
It also has a bolstered support team, which specialise in trading, account openings and transfer.
Barclays said the revamp comes ahead of the retail distribution review (RDR) as more intermediaries seek access to low-cost products such as ETFs.
Will Burge, head of corporate sales at Barclays Stockbrokers, said: ‘More and more we are hearing about a growing demand from IFAs for access to a broad range of assets, and as we approach the arrival of RDR, we are seeing an increased demand from intermediaries for execution-only services.
‘The re-launch of our service for intermediaries is in direct response to this feedback and is part of Barclays’ ongoing strategy to provide intermediaries with the products and services that will equip them to support their clients in the post-RDR world.’
Barclays said the service supports a range of wrappers, including ISAs, a general investment account, and trading accounts which link to Sipp or SSAS providers.
The stockbroker recently partnered with Fidelity FundsNetwork to bolster its fund offering, in a move which also saw its charging structure streamlined.
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