New figures from the Association of Private Client and Investment Managers (APCIMS) and research grou...
The APCIMS/ComPeer Private Client Activity Index shows that buyers outweighed sellers by a large margin during the final quarter of 2001, to the extent that execution only client became net buyers for the first time since 2000.
Online trading volumes increased by more than 30% on the third quarter of the year, as the average size of deals done online hit £3,835 - telephone deals averaged £5,603.
APCIMS says overall share dealing activity has returned to 1999 levels, although advice-based services have remained net sellers for 18 months and the association is not keen to call the reverse of this trend just yet.
The survey points out that daily retail bargains executed by brokers on behalf of retail clients declined from an average of 60,000 trades per day during 2000 to 47,000 by the second half of 2001, with continuing fluctuations in the level of daily volumes.
The online execution-only story is slightly different, as the 28 firms offering online trading recorded 660,000 transactions, 34% up on the previous quarter.
And both the number of online clients and the number of trades per client registered an increase.
The Index survey also shows that investors moved away from fixed interest acquisitions towards equities as a proportion of all transactions during the quarterly period.
Investors also increased the number of overseas equities bought as a proportion of all trades.
Partner Insight: For Blackfinch, the arrival of its IHT portfolio services was a 'natural evolution' in the group's offering and points to an established track record of returning cash to investors.
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