How to sell shares?

majik48

Mum, 98, now has live-in care and we are looking at selling some shares to help pay for this. My father bought these shares years ago and some are overseas. Is it worth trying to sort this ourselves (we have LPA), or easier to get someone else to do it? Thanks for any advice - it's all been a bit of a difficult time in the last few months

wmb194

majik48 said:

Mum, 98, now has live-in care and we are looking at selling some shares to help pay for this. My father bought these shares years ago and some are overseas. Is it worth trying to sort this ourselves (we have LPA), or easier to get someone else to do it? Thanks for any advice - it's all been a bit of a difficult time in the last few months

I presume you mean that these are held as certificates? Easiest would be to sell them via a broker such as x-o.co.uk for the UK shares as it's relatively cheap and accepts certificates. Obviously there are others like Hargreaves Lansdown and AJ Bell. Perhaps they'd be easier to deal with via an LPA, I don't know.

What are these foreign shares? These could be a lot more difficult as you'd need to find a broker that both deals in them and accepts foreign certificates. Someone with an Irish certificate recently reported that they had to open an account with the stockbroker Davy in Ireland.

majik48

We have some certificates and some appear to be held by her lawyer; at least one says it is an American company, Signet Jewelers

sevenhills

majik48 said:

We have some certificates and some appear to be held by her lawyer; at least one says it is an American company, Signet Jewelers

I have never heard of shares being held by a lawyer. Do you mean he keeps the paper share certificate, in whose name are the shares?

https://www.google.com/search?q=Signet+Jewelers+share+price&client=firefox-b-d&sxsrf=APq-WBvyUpcgfFYiKl_MtzyKnavaPsObwQ:1643456257558&ei=ASf1YYXBIcaV8gLRjaCYCA&ved=0ahUKEwjFxb3T79b1AhXGilwKHdEGCIMQ4dUDCA0&uact=5&oq=Signet+Jewelers+share+price&gs_lcp=Cgdnd3Mtd2l6EAMyCggAEIAEEEYQ-gEyCggAEIAEEIcCEBQyBggAEBYQHjIGCAAQFhAeMgYIABAWEB46BwgAEEcQsAM6CggAEEcQsAMQyQM6BwgAELADEEM6CggAEOQCELADGAA6EgguEMcBEKMCEMgDELADEEMYAToHCAAQyQMQQzoLCC4QgAQQxwEQrwE6BAgAEEM6BQgAEIAESgQIQRgASgQIRhgBUJAHWMM7YM9AaAFwAngAgAHTAYgBuQqSAQUzLjguMZgBAKABAcgBE8ABAdoBBggAEAEYCdoBBggBEAEYCA&sclient=gws-wiz

GeoffTF

HL can sell shares on a variety of markets:

https://www.hl.co.uk/help/dealing/share-dealing/investing-in-shares/on-which-markets-can-i-buy-shares

HL does not charge for holding shares.

Thrugelmir

majik48 said:

We have some certificates and some appear to be held by her lawyer; at least one says it is an American company, Signet Jewelers

Are matters more complex that they initially appeared to be. 

ColdIron

GeoffTF said:

HL does not charge for holding shares.

They do within an ISA or SIPP although the charges are capped

GeoffTF

ColdIron said:

GeoffTF said:

HL does not charge for holding shares.

They do within an ISA or SIPP although the charges are capped

Yes, that is true, but I believe that we are talking about certificated shares here. Can HL cope with certificated overseas shares? I do not know. The OP seems to be unclear about the situation anyway.

majik48

Thanks all. I've been trying to pursue this with my limited ability and am finding out things as I go along. I will get back to you if I get stuck again! We are making slow progress - although many of the shares appeared to have the same registrar some years back, they have changed hands since so it's a process of chasing up various different firms. Appreciate all your help.

majik48

sevenhills said:

majik48 said:

We have some certificates and some appear to be held by her lawyer; at least one says it is an American company, Signet Jewelers

I have never heard of shares being held by a lawyer. Do you mean he keeps the paper share certificate, in whose name are the shares?

https://www.google.com/search?q=Signet+Jewelers+share+price&client=firefox-b-d&sxsrf=APq-WBvyUpcgfFYiKl_MtzyKnavaPsObwQ:1643456257558&ei=ASf1YYXBIcaV8gLRjaCYCA&ved=0ahUKEwjFxb3T79b1AhXGilwKHdEGCIMQ4dUDCA0&uact=5&oq=Signet+Jewelers+share+price&gs_lcp=Cgdnd3Mtd2l6EAMyCggAEIAEEEYQ-gEyCggAEIAEEIcCEBQyBggAEBYQHjIGCAAQFhAeMgYIABAWEB46BwgAEEcQsAM6CggAEEcQsAMQyQM6BwgAELADEEM6CggAEOQCELADGAA6EgguEMcBEKMCEMgDELADEEMYAToHCAAQyQMQQzoLCC4QgAQQxwEQrwE6BAgAEEM6BQgAEIAESgQIQRgASgQIRhgBUJAHWMM7YM9AaAFwAngAgAHTAYgBuQqSAQUzLjguMZgBAKABAcgBE8ABAdoBBggAEAEYCdoBBggBEAEYCA&sclient=gws-wiz

The shares are all in mum's name but the registrars who appear on the certificates don't appear to be the same now so I'm currently tracing various different firms... It's a process!

majik48

It is beginning to look as though we will need to find a broker to deal with the sale of all these shares (some of which no longer exist, apparently - they may have been subject to a 'scheme of arrangement' (?) which happened over twenty years ago. Does it matter if we find someone local, or is there a better way of finding someone who will be efficient and not too expensive? Thanks all for any assistance and sorry I'm not very good on any of this. It's all a bit new and daunting.