Advice regarding which brokers to use isn’t financial advice.
Maybe the thread title could be reframed, then.
If anyone here has some experience with either the two brokers mentioned or another broker that deals with corporate bonds, please feel free to share your experiences.
I use a broker, FIIG Securities, to hold a collection of OTC* bonds. There are other brokers around. Advisers generally don’t point clients to directly held bonds, mainly because of the lack of research and APL** issues .
There are manged funds around but, as one contributor pointed out, these are often just government- issued . These funds can charge fees that can be high, above 0.50%pa. Through my broker, there is a custodial charge of 0.20%pa. Retail investors are not well served by the but/sell spread which discourages trading. A wholesale /sophisticated investor can have access to new issues, and a wider range of bonds.
*Over the Counter
**Approved Product List
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