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Investment advisory service |
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Investment advisory serviceA business that specializes in providing investment advice for a fee. All advisers of an advisory service must be registered with the Securities and Exchange Commission.Investment advisory service Similar MatchesLegal investmentsLegal investmentsInvestments that a regulated entity is permitted to make under the rules and regulations that govern its conduct. Tradepoint Investment ExchangeTradepoint Investment ExchangeA London-based stock exchange which opened on 21st September 1995 and which currently deals in 900 of the most actively traded UK equities.Tradepoint is an electronic order driven market accessible via a standard IBM PC where brokers, market makers and investing institutions participate on an anonymous basis and enter buy or sell orders. For the most liquid stocks, trades are completed the moment a corresponding buy or sell order is entered by another participant. Less liquid stocks are traded by way of computer matching following the accumulation of orders after periods of time.Trades are guaranteed by the London Clearing House (LCH) and settlement is via Crest. Tradepoint is a Recognised Investment Exchange (RIE) and is regulated by the Financial Services Authority (FSA). Alternative Investment MarketAlternative Investment MarketA market for small, young and growing companies operated by the London Stock Exchange as a regulated market of a Recognised Investment Exchange and set up in June 1995. It replaced the Unlisted Securities Market (USM). The market provides an opportunity for companies to raise capital for expansion, a trading facility and a way of establishing a market value for their shares.There are about 400 companies listed on AIM. The market cap of the index varies quite widely. AIM companies tend to trade on wider spreads than companies on the main market, and liquidity can be a problem.One of the advantages of investing in AIM companies is that for tax purposes they are treated as 'unquoted investments' (even though they are quoted). The significance of this is that for every year that you hold AIM shares, you get 5% 'taper relief' on any gains you subsequently make. So if you are a higher rate taxpayer who would normally pay 40% CGT, and you hold shares for one year then sell them, you only pay 35% CGT. If you hold shares for four years or more, the tax rate falls to 10%. Note that this only applies to shares bought after 6th April 2000. Statutory investmentStatutory investmentAn investment that a trustee is authorized to make under state law. Foreign investment argument for protectionForeign investment argument for protectionThe use of protection to attract FDI from abroad. It does work, since much FDI has been motivated by firms trying to get behind a tariff wall to sell their products. In an otherwise nondistorted economy, however, the cost in terms of more expensive goods is higher than the benefit from additional capital. Further Suggestionssplit capital investment trustUnamortized premiums on investments Real Estate Mortgage Investment Conduit (REMIC) Diversified investment company Alternative investments Investment software investment trust dividend reinvestment plan Registered investment company Investment manager Net investment local authority investment Direct investment Investment philosophy Investment Company with Variable Capital Trade-related investment measure Investment Company Act of 1940 investment income open ended investment company Normal investment practice Investment product line (IPL) Temporary investment Regulated investment company Municipal Investment Trust (MIT) Green field investment |
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