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!
Transferring shares (exercised options) from a corporate nominee account
Marmot
Posts: 53 Forumite
Hi,
I'm wondering if anyone could help with the following. I was given some share options by the company I work for. I then exercised some of those options and they are currently held by my company in a corporate nominee account.
But I have no visibility of the shares, the company say they aren't able to provide anything to show the number of shares in my name.
I'm not massively happy about this so I was thinking of moving them into a share account in my own name. But from the research I've done a lot of the brokerage account places seem to charge based on how much you will trade. But I'm not planning on doing any regular trading, I just want an account that shows I have these shares in my own name.
Has anyone got any advice? Is there a type of account I could use to transfer these shares in? And an account that doesn't need me to also deposit an initial largish amount? I've been looking at the Halifax Share Dealing account but they want £1000 initially to open the account.
Many thanks for any advice!
Marmot
I'm wondering if anyone could help with the following. I was given some share options by the company I work for. I then exercised some of those options and they are currently held by my company in a corporate nominee account.
But I have no visibility of the shares, the company say they aren't able to provide anything to show the number of shares in my name.
I'm not massively happy about this so I was thinking of moving them into a share account in my own name. But from the research I've done a lot of the brokerage account places seem to charge based on how much you will trade. But I'm not planning on doing any regular trading, I just want an account that shows I have these shares in my own name.
Has anyone got any advice? Is there a type of account I could use to transfer these shares in? And an account that doesn't need me to also deposit an initial largish amount? I've been looking at the Halifax Share Dealing account but they want £1000 initially to open the account.
Many thanks for any advice!
Marmot
0
Comments
-
There's a decent comparison of the main players at http://monevator.com/compare-uk-cheapest-online-brokers/0
-
Thanks for that I'll have a read.0
-
Why not just ask them to issue a share certificate? With my company, this is cheaper than trading via the company broker.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Yeah I tried that first of all but they don't issue paper certificates :-(0
-
Hargreaves Lansdown don't charge for holding shares outside of ISA/SIPP.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards