AIB Flotation - best broker

M

Murt10

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Which broker would be the cheapest to deal with in the forthcoming flotation?
 
As I understand it, brokers are not allowed to charge commission on the initial transaction. Thereafter, it's a question of what the broker will charge to hold the stock and to sell the stock. Those charges vary from broker to broker and also depend on the size of the holding.
 
Correct no initial commission, if your not a client of any one of the 6 nominated Irish brokers Davys, Goodbodys Cantor afitzgerald,Cambell O Connor
Investec and Merrion you have to pick one and go through their due diligence.You would need to get a move on as the cut off date is the 16th June.
Once you have made your purchase you can then transfer your holding to one of the cheaper brokers if you wish, as none of the participating brokers
are competitive commission wise.Unless you intend becoming an active investor their is no reason to bother changing broker.
 
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