{"id":1544,"date":"2023-06-20T01:51:43","date_gmt":"2023-06-20T01:51:43","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/?page_id=1544"},"modified":"2024-01-11T16:52:04","modified_gmt":"2024-01-11T16:52:04","slug":"quality-of-execution-report-2019","status":"publish","type":"page","link":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/order-execution-policy\/quality-of-execution-report-2019","title":{"rendered":"Quality of Execution Report 2019"},"content":{"rendered":"\n

Quality of Execution Report 2019<\/span><\/h1>
<\/i><\/div>Order Execution Policy<\/a><\/span><\/div>
<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n
\n
\n
\n

A.     An Overview<\/h4>\n\n\n\n

Brewin Dolphin (\u2018the firm\u2019) as a MIFID Investment Firm has an obligation to take all sufficient steps to obtain the best possible result when transmitting, placing and executing orders on behalf of its clients on a consistent basis (\u2018Best Execution\u2019). The firm has established an Order Execution Policy (\u2018the Policy\u2019) that sets out the steps that the firm will take to achieve Best\u00a0Execution for its clients. The Policy can be accessed on the following link on the firm\u2019s website\u00a0here<\/a>.<\/p>\n\n\n\n

Section 4 of the Policy sets out the Execution Factors and the relative importance of those factors the firm takes into account when assessing whether or not it has achieved Best Execution for its clients. In general, the firm assess Best Execution from a \u201ctotal consideration\u201d (price and relevant costs) perspective. However, there may be instances where other criteria, such as a specific client instruction, the type of order, the type of financial instrument and the execution venues available will also be considered in conjunction with those two criteria in order to obtain the best possible result.<\/p>\n\n\n\n

Under MiFID II[1], the firm is required to publish annually, for each class of financial instrument, the top five execution venues in terms of trading volume together with a summary of the quality of execution obtained on those execution venues.<\/p>\n\n\n\n

The purpose of this document is to provide our clients with sufficient information to effectively allow for comparison between different firms and also to enable comparison of performance over time.<\/p>\n\n\n\n

For the aim of achieving Best Execution, the firm treats all clients (Retail and Professional) as Retail. This means that the firm undertakes to provide the highest protection to its clients regardless of client classification.<\/p>\n\n\n\n

B.     Monitoring Approach<\/h4>\n\n\n\n

The firm monitors its execution activities to ensure the effectiveness of its order execution arrangements. Those monitoring activities are set out below. <\/p>\n\n\n\n