Umsindo ohlukanisiwe

Advisory and discretionary wealth managers – these offer a wealth management service to private investors – either advice only or a fully managed (discretionary) service. Their target market ranges from mass affluent to high net worth clients with large portfolios and they charge fees for management of the portfolio based on the value of the portfolio. • Institutional brokers – these are stockbrokers who arrange trades on behalf of large institutions. Their skill lies in their ability to execut