Inheriting shares

jones1901

My wife is in the process of inheriting some HSBC shares.

Does she need to open an HSBC Invest Direct account to hold these shares, or are there other ways to accept the shares when probate is finished?  Can she, for example, open an investment account with another bank, say Lloyds or Barclays, to hold the HSBC shares?

All information gratefully received.  Thank you.

eskbanker

Unless they're quirky off-piste variants of the shares, they can be held by any broker - high street banks have plenty of competition from dedicated companies so worth shopping around:

https://monevator.com/compare-uk-cheapest-online-brokers/

Keep_pedalling

The alternative is to get the executor to sell the shares and for your wife to invest in her own choices. Shares in single companies are high risk. 

jones1901

Thanks for your help!