Transferring shares from US to UK

chamelion

Hi folks,

Is there an updated / recent view on which organisations would be able to help me through the transfer of foreign shares (NYSE) that I have in the US to the UK?

Presumably this would stay in US$.

Thanks!

Brynsam

What exactly do you mean by 'transfer' and what are you trying to achieve? You can hold shares traded on the US stock market without being in the US. If you wanted to hold similar shares in the UK, you would need to sell the US holding and purchase new shares traded on the UKSE.

chamelion

Brynsam wrote: »

What exactly do you mean by 'transfer' and what are you trying to achieve? You can hold shares traded on the US stock market without being in the US. If you wanted to hold similar shares in the UK, you would need to sell the US holding and purchase new shares traded on the UKSE.

OK - so let's say I have tesla shares. They're with a US broker at the moment. I
Want to be able to keep them in my portfolio with a UK broker. Tesla doesn't trade on UKSE.

What UK brokerage can transfer shares from my US one and hold them here?

xylophone

http://www.hl.co.uk/shares/share-dealing/overseas-share-dealing-service

You might give them a ring and ask whether or not it would be possible ?

Daniel54

I have a Halifax Share Dealing account and they will accept in specie transfers from a US brokerage

Edited to add that all shares in foreign currencies are automatically converted to £ sterling

AnotherJoe

chamelion wrote: »

Hi folks,

Is there an updated / recent view on which organisations would be able to help me through the transfer of foreign shares (NYSE) that I have in the US to the UK?

Presumably this would stay in US$.

Thanks!

Not something you can presume.

Or at least, if you did this the shares would come across as is but its later thats possibly the issue

If you sold them to buy some other US shares then not all brokers would provide a $ account you can trade in to avoid selling US $ shares, convert to £ and then when you buy convert the £ back to $. If you ever plan to do this you want them sold in $ remain in $ so you can use those $ to buy other $ shares.

I have such an account with iii. I dont know if HL provide a share dealing account like that. i do have a share trading account with HL but only trade in UK shares in that but on the face of it it doesnt appear to offer a US $ account.

chamelion

Daniel54 wrote: »

I have a Halifax Share Dealing account and they will accept in specie transfers from a US brokerage

Edited to add that all shares in foreign currencies are automatically converted to £ sterling

precisely this - thank you
I didnt even realise i still had a dormant HSD account - just reactivated it and initiating transfers.