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Nominee with fexco

  • 30-09-2008 10:38pm
    #1
    ali1971
    Registered Users, Registered Users 2 Posts: 67 ✭✭


    Hi, I currently have a nominee account with fexco but they are appointing Pershing Securities to hold our assets from now on.
    They have given us different options
    1. We can move to Pershing
    2. Transfer to another stockbroker or
    3. Get shares in certificate form.

    I am tempted to go for the third option as am afraid that charges will increase in the future etc. At present it is just €20 twice yearly.
    It will cost €15 per Irish/UK share (11 different shares) and €150 for the 1 US share i own.

    Anybody else in the same boat and what did you decide? Regards


Comments

  • #2
    xt40
    Registered Users, Registered Users 2 Posts: 174 ✭✭xt40


    ali1971 wrote: »
    Hi, I currently have a nominee account with fexco but they are appointing Pershing Securities to hold our assets from now on.
    They have given us different options
    1. We can move to Pershing
    2. Transfer to another stockbroker or
    3. Get shares in certificate form.

    I am tempted to go for the third option as am afraid that charges will increase in the future etc. At present it is just €20 twice yearly.
    It will cost €15 per Irish/UK share (11 different shares) and €150 for the 1 US share i own.

    Anybody else in the same boat and what did you decide? Regards

    why would you want share certs. all they would do for you is guarantee that you miss any spikes or would be the last to get out in a market crash.


  • #3
    ali1971
    Registered Users, Registered Users 2 Posts: 67 ✭✭ali1971


    I see your point but I was planning on holding on to them longterm


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