One Off Share Purchase

KAD

Hi,
I'm looking to make a one off purchase of shares as a gift for my daughter for sentimental reasons rather than money making.
Can anyone advise the best way to do this please

wmb194

KAD said:

Hi,
I'm looking to make a one off purchase of shares as a gift for my daughter for sentimental reasons rather than money making.
Can anyone advise the best way to do this please

Outside of some type of trust/JISA you need to be 18+ to own shares in your own name and you can't buy them in other people's names without PoA.

You're thinking of a share certificate? There's probably some convoluted way to do it where you buy the shares yourself* and then transfer them to your (adult) daughter but I'd just have her open a cheap brokerage account that deals in those shares e.g., Trading212, Freetrade, iWeb (free to open at the moment), give her the money and have her buy them herself. Given it's for a birthday I'm guessing we're only talking about a small sum of money. 

*Usually expensive to buy directly as a certificate e.g., via the registrar but a cheaper way might be to buy them in a stockbroker nominee account and have them 'materialised' into a certificate and then transfer them via the registrar. There might be fees for this as well.

k12479

I'd be wary of buying a token amount of shares or shares in certificate form for sentimental reasons. Account fees, selling, transferring, etc. can be become a hassle and/or uneconomic down the line.

An alternative could be buying an obsolete share certificate of the company, or its predecessors, if you can find it. Ebay and some numismatic dealers deal in them.