The Securities Brokerage Companies

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The second operator on the market that can provide asset management services are the Securities Intermediation Companies (SIM).

As mentioned, they are the only ones that, together with the SGRs, can provide personalized asset management services , provided that they are authorized by CONSOB, which must necessarily indicate which specific activity it is authorizing them for. In addition to this, the law establishes that in order to operate, they must be joint stock companies and their headquarters and management must be located in Italian territory .

Along with savings management, which is undoubtedly the main activity, the ghana phone data SIM can also carry out other activities , such as:

the placement of securities with or without guarantees with investors, taking care of advertising, collecting subscriptions and any other task functional to the completion of this activity;
consultancy , always subject to authorization by the Bank of Italy and CONSOB, in matters of financial investments. As already mentioned, this type of service must be provided taking into account the type of client in front of you, in terms of risk propensity, financial situation, investment objectives, reference financial horizon and knowledge of the subject;
negotiation , on its own account or on behalf of third parties. In the first case, the portfolio that is managed is owned by the company and , therefore, it is subject to market risk; in the second case, however, the SIM buys and sells financial instruments in regulated markets on behalf of others and for this reason it only faces operational or reputational risk.