Barclays Stockbrokers has revamped its service for independent financial advisers (IFAs) and intermediaries, providing access to a wider range of investments including exchange-traded funds (ETFs), exchange-traded commodities (ETCs) and structured product issues.
"More and more we are hearing about a growing demand from IFAs for access to a broad range of assets and, as we approach the arrival of RDR [Retail Distribution Review], we are seeing an increased demand from intermediaries for execution-only services," said Will Burge (pictured), head of corporate sales at Barclays Stockbrokers. "The re-launch of our service for intermediaries is in direct response to this feedback and is part of the Barclays ongoing strategy to provide intermediaries with the products and services that will equip them to support their clients in the post-RDR world."
The firm is offering the service through a single online account which provides access to multiple asset classes including stocks, bonds, ETFs and ETCs as well as the ability to buy new structured product issues.
Barclays said the service, which is targeted at intermediaries managing a portion of their clients' existing portfolios, will be available 24 hours a day, with the option to download statements and valuations.
The service supports a range of wrappers including individual savings accounts (ISAs) and general investment accounts, as well as trading accounts which link to self-invested personal pension (SIPP) or small self-administered scheme (SSAS) providers.