Dividend reinvestment with X-O?

cashbackproblems

Hi

Does anyone know how to do the above cant find anything on their website about it, having recently transferred from III.

Also they do not accept US listed shares so one of my holdings did not transfer, does anyone know if HL do?

Thanks

tony2toes

cashbackproblems wrote: »

Hi

Does anyone know how to do the above cant find anything on their website about it, having recently transferred from III.

Also they do not accept US listed shares so one of my holdings did not transfer, does anyone know if HL do?

Thanks

They don't do dividend reinvestment for both ISA and Nominee accounts, I'm afraid. I have accounts with them and inquired the same a couple of weeks back. What a shame as DRIPs are standard with a lot of US brokers.

cashbackproblems

This sucks i did not realise!!!

I guess i will have to just let them build up and 1/2 times a year make purchases.

Are there any other brokers who are free and do dividend reinvestments? I dont mind switching again!

westy22

I dont mind switching again!

May I suggest that before switching again you thoroughly read the T&Cs and features of the new broker or you may end up transferring onto another platform that doesn't provide what you need. X-O are very clear about not doing DRIP and not brokering US listed shares.