Daniel Stewart

 

Mostly known as an institutional stockbroker, Daniel Stewart has been building up a private client business since 2009. Typical private clients of firms such as this will be managing £100,000-plus accounts, but the firm has no minimum account size – although trade sizes below £5,000 or so are not going to be cost-effective. Fees are mostly comparable to private client peers, but custody charges are higher.

Its current list of execution venues covers more markets than any other UK stockbroker with a private client business that we’ve seen. The firm says that generally these should be available to retail clients, although market specific restrictions may apply (eg India is only open to approved foreign institutional investors and individuals of recent Indian ancestry).

There are cheaper and more retail focused alternatives for most of the markets it trades – see the UK international stockbroker list for details. But if you’re searching for a way to access awkward markets such as Brazil, Chile, Israel, Turkey, Japan’s Osaka Stock Exchange, Taiwan and some of Eastern Europe, and you’re planning to deal in sizes of £5,000-10,000 and up (even if you only trade infrequently), they may be worth a look.

Markets available
Online tradingn/a
Telephone tradingAustralia, Austria, Belgium, Brazil, Canada, Chile, China B, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany - Frankfurt, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan - Osaka, Japan - Tokyo, Korea, Latvia, Lithuania, Malaysia, Mexico, Netherlands, New Zealand, Norway, Philippines, Poland, Portugal, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, UK, USA, USA OTCBB and Pink Sheets
Dealing commissions and charges
Typical onlinen/a
Online detailsn/a
Typical telephone£52.50
Telephone detailsFirst £10,000 1.75%, rates above may be negotiable (min £40) plus £12.5 compliance charge
Other fees and charges
Account fees and inactivity feesNone
Custody charges for stocks£100 per stock per year
Dividend chargesNone
Corporate action chargesNone
Currencies
Currency conversion chargesNot stated, but likely to be close to interbank rate
Hold cash in foreign currenciesYes
Currencies allowedMost major currencies
Other details
Tax-advantaged accountsISA, SIPP
Other products and servicesBonds, CFDs
Minimum account sizeNone
Company locationUK
Further informationVisit the Daniel Stewart website

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 Posted by at 4:34 pm