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Best Execution Report

Best Execution Report

What is Best Execution?

Our aim is to do the best that we can for our clients and this extends to ensuring that we transact our clients’ orders quickly, efficiently and with their best interests firmly at the fore.

As a financial intermediary Chase de Vere does not physically buy or sell financial instruments on your behalf, however we are highly involved in this process by transmitting the order to entities for execution.

Where we send investment applications or orders on your 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 your order.

We’re obliged to disclose on an annual basis the top five firms that we send our client orders to. The tables(s) below relate to the period 1st of January 2018 to 31st December 2018.

Class of Investment Collective Investments
Notification if < 1 average trade per business day in the previous year

 

Yes
Top 5 venues ranked in terms of volume

(descending order)

Proportion of volume transmitted as a percentage of total in that class

 

Proportion of orders transmitted as percentage of total in that class

 

AEGON

5493005S591LT1RDBJ14

40.23% 63.35%
Fidelity

5493001OQ4Z35PKNUA37

28.16% 24.02%
Standard Life

923M5RA2I1X3IO5NGM14

4.82% 3.06%
Old Mutual

213800IBELO35UV88W94

2.16% 1.89%
Aviva

1A0QBP2SE4Q731PGRD48

2.26% 1.51%

Under the terms of our policy, we regularly assess the third parties available to us to identify those that will enable us, on a consistent basis, to obtain the best possible result when arranging for the execution of your orders.

The third parties that we use, also have responsibilities in relation to best execution and client order handling. 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 for our clients.

Our monitoring identified one occasion where there was a trade failure however this was rectified and the outcome resulted in no client being disadvantaged by the delay to trade.

We place the highest importance on price and then costs associated with execution. This is then followed by speed and likelihood of execution.

For more information regarding our Best Execution policy arrangements, please see Section 12 of your Terms of Business Document.

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