Advisory

An advisory broker advises clients on which shares to buy or sell within a portfolio. However the broker is not allowed to trade without the client’s prior permission.

Investors seeking an advisory service will spend time with their broker discussing what their objectives are and how much advice they want. The broker will contact advisory clients with suggestions about buying or selling shares but the clients may or may not choose to act on the advice.

Stockbrokers offering this service may provide face-to-face advice, telephone services and even newsletters or other forms of market updates.