CFSB woos planners
Credit Suisse First Boston’s private stock broking arm has embarked on a strategy to entice financial planners to use its stock research, trading and portfolio services with the launch of Intermediary Broking Services (IBS).
Credit Suisse First Boston’s private stock broking arm has embarked on a strategy to entice financial planners to use its stock research, trading and portfolio services with the launch of Intermediary Broking Services (IBS).
IBS head Martyn Rose says the service has been set up to capitalise on the growth in share ownership among Australians and the growth in the number of people seeking financial planning advice.
Eight IBS staff in Sydney, Melbourne and Brisbane will manage the service which offers financial planners services including a portfolio recommendation/ review service, trading facilities and research on local and overseas equities. Financial planners who take up the service will also be offered dedicated dealing staff, Inter-net access, flexible wholesale brokerage rates and allocations to floats.
CSFB says it has no intentions of entering the financial planning market.
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