Transferring in a share certificate - who to?

rooo

I've just been to HSBC to enquire about selling the shares I own, just over £2k's worth. They wanted charge me 1.85%, which I thought was quite steep, around £40, so I thought I would check with you guys first.

I have a paper certificate which I understand I can transfer in to an online dealer. Will any online dearler do this, and how long will it take?

Hoodless Brennan seem to be mentioned on here alot, but as I will be doing very little, if any share trading are these the best?

cloud_dog

Having had this discussion on a differeent thread check what charges you may incur when you close the dealing account, i.e. after you have sold the shares. Of course you could just leave the account open.

I deal with Comdirect and whilst they charge £12.50 per trade no charges are currently applied when you close your account.

Wrt time I think it took just over a week before the posted in share certs were tradeable in my Comdirect account.

cloud_dog

dang

Try TDW - http://www.tdwaterhouse.co.uk/

They are offering free dealing for 2 months.

rooo

Thanks guys

cloud_dog, I dont have a trading account with HSBC, I just bank with them so I thought it may be easier.

Are comdirect sill offering £50 when you open an account?

cloud_dog

No. They'll still refunds costs of transferring in but no £50 to open the account.

Btw, I understand your point about banking with HSBC. The point I was pointing out was that if you decide to open a dealing account with someone (Comdirect, TDWaterhouse, Hoodles Brennan, etc) some of them make a charge to actually close the account. so for example (and I've not researched this so excuse mr if my example is inaccurate) the TDW deal may look good as it is free dealing for the first two months but if they then charge you £30 to close the account it looks expensive.

cloud_dog

rooo

Would I have to close the account with TDW, could I not just leave it open indefinitely?

cloud_dog

You could. But why not just check their T's & C's to see if they make a charge to close the account - some do, some don't.

ddclutch

Similar issue really, My daughter has some shares left to her years ago by her grandmother. We know she has them as she gets dividends but have no certificate or evidence of ownership. They are in her own name.
She wants to make a one-off sale, so how do we do this without a certificate to send in, and who should we use to do thios one-off deal? She doesn't need investment advice, just wants the money for a holiday!

cloud_dog

You need to obtain the share certificates in order to sell or transfer them.

If you go to each company's website you should be able to track down who their registrars are. You need to look out for a link on the websites for (something like) "Investor" or "Investor Relations" etc, etc.

The LLoyds one is shareview and the below link to their FAQ tells you what to do to replace lost certs (costs money I'm affraid):

http://www.shareview.co.uk/ASP/faq.asp?#NEED_CERT

Shareview also list all the companies that they are the register for so you could just look through their list.

cloud_dog

ddclutch

Thanks cloud_dog,
but my point was that if the shares were issued as electronic certificates, then she wouldn't ever have had a paper certificate to loose would she? So how do you proove ownership?
There is a ref number on the last divi counterfoil. Is that relevant?

cheerfulcat

Hi, ddclutch,

Are the dividend cheques coming from the registrar or from a broker? If the former then there will have been a certificate issued. You can get a duplicate from the registrar ( costs a bit, though; £50-ish last time I had to do it ). If the latter then the shares are likely to be in a nominee account and they can be sold through the broker.

Cheerfulcat