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TD Direct adds guidance to execution-only offering

Execution-only broker TD Direct Investing is to offer its customers guidance after receiving regulatory approval for a change in permissions.

Last month the firm said it had applied to the FCA for advice permissions and wanted to provide customers with “non-personal, online advice”.

In an announcement today, TD Direct says its non-personal guidance will better support investors in making investment decisions with “ideas and informed opinions”.

The guidance will be provided free of charge and delivered via telephone and online. 

TD Direct Investing boss John Tracy says: “Being able to provide these new services to customers is a huge milestone for TD and our customers. We have an important role to play in supporting investors as a result of the amount of financial freedom being driven by regulatory changes such as the pension reforms.

“This will enable us to respond to customers’ needs and provide more guidance and expert opinion to support their decision-making process.”

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Comments

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  1. Guidance and Execution Only sounds like a very tricky combination that will tread dangerously close to advice. Handy if you can get away with it, though.

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