Part 1: Top five entities used for the transmission or placing of investment orders

Retail clients are recommended 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.  As a Discretionary Management Firm, Tavistock Private Client only sends orders to three firms, therefore there are fewer than five venues to report.

The Tavistock Private Client discretionary managed model portfolio service is currently available on 3 platforms:-

Praemium 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 April 2020 to 31st March 2021.

Part 2: Monitoring and Review

Tavistock Private Client have entered into contracts with our trading partners in order to provide our service. Due diligence is conducted by both parties to confirm acceptance of the roles to be carried out. Tavistock Private Client also 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
Tavistock Private Client Ltd,
The Barn, Downing Park,
Station Rd,
Swaffham Bulbeck,
Cambridge
CB25 0NW