What next for Beaufort Securities clients? Finding an alternative broker after insolvency…

When a broker goes into insolvency, such as Beaufort Securities, as reported in today’s City AM. It’s an absolute nightmare for clients.

The administrators, despite their growing experience with stockbroker insolvencies, tend to move slowly. For instance when MF Global went into administration clients had no idea if they had open derivatives positions or not.

But for Beaufort Securities clients looking for a new home for their investments take a look at our investing accounts comparison tables. You can compare SIPP, ISA, stockbrokers as well as high risk investments like spread betting or Forex trading.

 

Investment Advice Disclaimer

ALL INVESTING CONTAIN RISK: The information contained in this website is for informational purposes only and does not constitute financial advice. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation, or, an offer of or solicitation for, a transaction in any financial instrument. Always seeking independent financial advice.