We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Ownership of shares?

As it is, I considering legal shareholder investing, and that mean all the associated rights to dividends, right to vote, right to attend at General Meetings, right to request resolutions, and rights to any "perks" that the company may offer shareholders and such. However, as far I am aware of, holding shares in nominee accounts, meant that the broker is legal shareholder and the buyer do not get any rights apart from getting dividends.

So I was wondering if there is any brokers or ways to buy these shares as such that you are owner and not the nominee account managers?

Comments

  • barak
    barak Posts: 1,258 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You must find a broker that offers 'certificated' trading, where you hold the share certificates. You will have to deal by phone or in person and the charges will be higher.
    ".....where it is corrupt, purge it....."
  • JoeCrystal
    JoeCrystal Posts: 3,385 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    By phone? Damn. Cannot use phone after all. Ah well, will keep looking and learning about them. :o
  • Biggles
    Biggles Posts: 8,209 Forumite
    1,000 Posts Combo Breaker
    To be honest, holding shares in a nominee account doesn't lose you a great deal that's worth worrying about.

    You can attend general meetings (though you have to get a letter in advance from the broker), most companies will pass on perks on production of evidence of the shareholding, you get dividends. The only thing missing is the right to vote and that's worth little or nothing to the small shareholder.
  • Blah99
    Blah99 Posts: 486 Forumite
    III's service has a "Corporate Actions Management" section in the account configuration. Mine has no history and no open actions, so I've never actually used it, but perhaps it gives you some kind of input?
    Mmmm, credit crunch. Tasty.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.8K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.