If you wish to make execution-only investments for your clients' SIPPs or if your clients wish to do so for themselves, there are many stockbrokers you could use.  In advance of dealing with any such company we will need to complete due diligence checks. This ensures that an account can be set up for your client's SIPP and that the fund for which you are adviser will maintain its tax exempt status by adhering to the rules governing the SIPP at all times. This includes checking that the branch of the stockbroker we are transacting with is a UK-based company.

Stocktrade is our default option for execution only share dealing unless instructed otherwise. We believe this service has a number of attractions. For SIPP transactions, Stocktrade offer our investors discounts to their standard terms. For further details, please click here.

Account features include:

• no quarterly nominee fee
• dealing commission 0.3% of deal value (minimum of £15, maximum capped at £75)
• online trading and valuation facilities at no additional charge
• tiered interest paid on cash deposit

Stocktrade have expericience in carrying out investment transactions for SIPPs and also offer discounted charges for a number of unit trusts. Since Stocktrade is an e-investment affiliate your client will also benefit from no transaction fees (other than in connection with corporate actions where we are required to write to you or your client), as electronic reporting allows us to record these transactions in the most efficient way available. Our nil fee is offset by a payment from Stocktrade to us of 15% of their fees. The amount will be detailed on the contract notes issued by Stocktrade.

How do I open a dealing account with Stocktrade?
Dealing accounts are individual to each SIPP and need to be established for your client either at outset or by phoning us and instructing us to open an account. No other forms are needed. Once the instruction has been received, you or your client will normally be able to place deals within 3 to 7 working days.

Please note that all investments purchased will be held electronically in Stocktrade's nominee account, ensuring 1 day settlement of transactions and no additional administration charges associated with certificated holdings.