Best Execution Report

Part 1: Top five entities used for the transmission or placing of investment orders

Retail clients are recommended our service “discretionary managed model portfolio solutions” via our own financial intermediaries (Financial Advisers).

Where we send investment applications or orders on our clients’ 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. We may transmit or place the order via a third party platform (an online investment administration service), directly with a fund manager or with a stockbroker, to execute the order.

We’re obliged to disclose on an annual basis the top five firms that we send our client orders to.  As a Discretionary Management Firm, Tavistock Private Client only sends orders to three firms, therefore there are fewer than five venues to report.

The Tavistock Private Client discretionary managed model portfolio service is currently available on 3 platforms:-

Praemium Platform – LEI – 213800ZX7D4KYJ2W1948

A J Bell Investcentre Platform – No LEI

Ascentric Platform – LEI 213800NMZJ4ZRQQFID11

All investment orders are sent to the above platforms who, in turn place the order in compliance with their own Best Execution policies. The platforms best execution policies can be sourced on their public websites.

The information relates to the period 1stJanuary 2018 to 31stDecember 2018.

 

Class of Investment – for all Discretionary investments in the model portfolios, we send orders to platforms (venues) to execute the orders
Top 3 (we only use 3 platforms therefore can only report on 3)Percentage transmitted to venue as a proportion of total monetary value of tradesPercentage transmitted to venue as a proportion of total number of trades
Praemium Platform69.34%69.34%
A J Bell Investcentre Platform26.96%26.96%
Ascentric Platform3.7%3.70%

 

Part 2: Monitoring and Review

Tavistock Private Client have entered into contracts with our trading partners in order to provide our service. Due diligence is conducted by both parties to confirm acceptance of the roles to be carried out. Tavistock Private Client also have a best execution policy. Please ask, if you would like to view a copy of our policy. Under the terms of our policy, we regularly assess the appropriateness of our trading partners to ensure compliance.

We undertake periodic monitoring to make sure that they continue to meet our requirements. This review is carried out at least annually or whenever a significant change occurs that we feel could affect our ability to continue to obtain the best possible results.

As clients are recommended our service via our own financial intermediaries all clients are classed as Retail clients.

Should you require any additional information please write to:

The Compliance Manager

Tavistock Private Client Limited

1 Bracknell Beeches

Old Bracknell Lane

Berkshire

RG12 7BW

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01223 696100

Head Office

Tennyson House

Cambridge Business Park, Cambridge  CB4 0WZ

01279 755888

Bishop’s Stortford, Herts

020 7065 2660

London EC2M 1QS

Tavistock Private Client Limited is authorised and regulated by the Financial Conduct Authority, FCA number 210782, and is a wholly owned subsidiary of Tavistock Investments Plc

Registered in England Registered O­ffice: 1 Bracknell Beeches, Old Bracknell Lane, Bracknell  RG12 7BW, Company Number 04298592

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