Best Execution Report
Part 1: Top five entities used for the transmission or placing of investment orders
Retail clients are recommended to use 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.
The Private Client discretionary managed model portfolio service is currently available on 3 platforms:-
Premium 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 1st January 2018 to 31st December 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 trades | Percentage transmitted to venue as a proportion of total number of trades |
| Praemium Platform | 69.34% | 69.34% |
| A J Bell Investcentre Platform | 26.96% | 26.96% |
| Ascentric Platform | 3.7% | 3.70% |
Part 2: Monitoring and Review
We 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
Jason Edwards
4500 Parkway
Solent Business Park
FAREHAM
PO15 7AZ
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Abacus Advisers is a trading style of Saltus Wealth Partnership Limited which is authorised and regulated by the Financial Conduct Authority. FCA reference number: 449607
Registered office: Solent Business Park, 4500 Parkway, Whiteley, Fareham PO15 7AZ. Registered number: 05709133
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