Everett

Advantages: Share buying with advice.
Disadvantages: My experiences have been very unfortunate!

I have been with Everett Financial Management for some years. They ring me up with share tips, and try to persuade me to buy. The tips I have bought in the past include Energy Technique (at 55p, now standing at under 6p), Tamaris (at 70p, now being liquidated), Silver Shield (at 40p, now Ninth Floor at 22p), and most recently Northern Petroleum at 5 3/4p,( now at 2 1/4p). With this latest purchase, almost immediately after buying them, the share ...
...received the share certificate, so I contacted them. I was told that Everetts had not yet received the shares from Northern Petroleum and that it might be some time before they were received. I wrote to Everetts advising that as they still did not have the shares to issue a certificate to me, I required the contract to be cancelled, or that the shares should be issued to me at the market price prevailing when they actually had the shares to sell! ... Read review

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Commissions have been dropping rapidly since the advent of Internet trading. So, a logical question for a customer is to ask how do the deep discount brokers, such as DLJDirect, E*trade, Schwab, some charging as low as £10 per execution, make any money at all? Take it from me, the cost to provide employees, real time data, clearing, and Super Bowl advertising creates a cost basis more than £10 per trade. The answer can be found in two customs practiced ...
..."payment for order flow". For instance, take a firm with a big market making operation (such as eSchwab or DLJDirect). They receive an order from the customer and direct it to their market makers, who are in turn directed to trade against it for a profit. The market maker goes to the open market, and tries to bid for less than your limit price (if your order is a buy), or offer it for more than your limit price (if your order is a sell). In a fast ... Read review

Following HOT TIP phone calls from Everett Financial Management, I bought 5 lots of shares through Everett Financial Management. Not one of theses tips were worth a lite. Typically I bought 600 (0.1p) shares in Online Classics at £1.85 a share (£1,155 including their charges) Online Classics name has been changed to Digital Classics and is now DCD Media PLC. I have today been informed that I now own just six 10p shares. Todays price is 80p a share, so my £1,155 is worth just £4.80p so could not even cover the selling charges.