The Craigs Investment Partners sharebroking (stockbroking) service is likely to be right for you if you are looking for investment advice based on well-informed, in-depth research.
There are two ways that you can instruct your Investment Adviser to buy or sell shares for you – a market order or a limit order. You place a market order if you want to buy or sell shares and have Craigs Investment Partners execute on a best endeavours basis. A limit order places a price limit on the order. You use a limit order if you do not want to pay more or receive less than a certain price for the shares.
When the transaction is executed, your adviser will send you a contract note, which gives you details of the transaction and also serves as an invoice. You can elect to have your contract notes either posted or e-mailed to you.
Brokerage charges apply for purchases or sales of any investment and these charges can differ depending on the type of investment being traded.
Brokerage charges are usually a percentage of the value of the transaction.
You can pay for your stockbroking contracts by cheque, direct debit from a nominated bank account or you can settle directly and automatically from your Craigs Investment Partners Cash Management Accounts. The latter option ensures that all transactions are paid for within the Trade Date + 3 days (T+3 settlement) timeframe that is required by the NZX.
Once the trade has been settled, you will receive a holding statement from the share registry which will detail the number of shares you own and any movements in your holdings.
Everyone has different needs from their investments. Before you start investing it is critical that you analyse your financial goals, current financial situation and your attitude towards risk. Your Investment Adviser can use this information and work with you to determine the most appropriate selection of investments for your portfolio.
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There is no difference between the two, just a preference of terminology. To find out more about the basics of investing, including stock broking, go to
Investor Education.
Craigs Investment Partners provide a full service investment advisory service, therefore our investment advisers can help with your investment needs, beyond the realms of stock broking.
Craigs Investment Partners are an accredited NZX participating firm, and therefore are governed by the rules and regulations of the NZX. While anyone can train to become a stock broker in New Zealand, you do require a share broking licence, and new legislation requires that all Investment Advisers disclose their qualifications and experience.