This handbook takes the main aspects of investment administration and drills down into the detail of these from a retail perspective. It covers areas that are unique to the private client business such as trusts. It provides appropriate background and essential facts that are essential to the day-to-day work of staff in this area. It is written in a simple, straightforward so that the information can be easily assimilated or can be used as a readily accessible guide. Contents Introduction Private Client and retail Investment Market Types of Business Regulatory Background Investment Management Asset Classes Core Investment Processing New Business Trading Settlement Corporate Actions Income Banking Reconciliations Client Reports Closing Business Other Considerations Custody Taxation Residence and domicile Powers of attorney Other Types of Accounts Trusts and Trustees Charities SIPPs Other Specialist Types of Accounts Specialist Functions Risk Management Managing Outsourcing Probates
Book Details:
- Author: Kevin Rothwell
- ISBN: 9780470033623
- Year Published: 2007
- Pages: 520
- BISAC: BUS036000, BUSINESS & ECONOMICS/Investments & Securities / General
About the Book and Topic:
This handbook takes the main aspects of investment administration and drills down into the detail of these from a retail perspective. It covers areas that are unique to the private client business such as trusts. It provides appropriate background and essential facts that are essential to the day-to-day work of staff in this area. It is written in a simple, straightforward so that the information can be easily assimilated or can be used as a readily accessible guide. Contents Introduction Private Client and retail Investment Market Types of Business Regulatory Background Investment Management Asset Classes Core Investment Processing New Business Trading Settlement Corporate Actions Income Banking Reconciliations Client Reports Closing Business Other Considerations Custody Taxation Residence and domicile Powers of attorney Other Types of Accounts Trusts and Trustees Charities SIPPs Other Specialist Types of Accounts Specialist Functions Risk Management Managing Outsourcing Probates
Undertaking the SII IAQ exams equips staff in the retail investment area with a knowledge about the industry in which they work, rules and regulations and some specialist knowledge. On a day-to-day practical basis, more detailed information is required to either understand the background as to why activities are processed in a certain way or to handle specific events. For example, a major activity in the private client and retail market is the transfer of customers holdings into a new account. As part of their IAQ studies staff will learn in principle how physical stock transfers take place and what the market mechanisms are. In practice, they need to understand when a stock transfer form is required, how to complete one, in what circumstances stamp duty is payable, what exemptions can be claimed, what supporting documentation is needed and so on. Reference material to readily answer any questions that might arise is fragmented and not readily available.
The only guide to investment administration, focusing on private clients, available Written by an experienced practitioner and trainer SII backed one of their most successful courses
About the Author
Kevin Rothwell, Southampton, UK is a trainer for the Securities Institute IAQ exams in Private Client Administration and a tutor at 7city for the investment operations certificate. Prior to this he was a Senior Technical Manager at HSBC Private Clients for 20 years. He is currently developing investment administration courses for China and Europe.