does computershare charge a fee to sell stock

ge firms will offer fractional share investing for individual stocks. I imagine they were happy to have talked me down. All stockholders can use the custodial service, regardless of whether or not they use any of the other optional services offered through the CIP (sales, purchases, etc). enquiries@iwcprobateservices.co.uk, Online at: This does not seem right. The IBM Dividend Reinvestment option provides stockholders of record with a convenient and simple method of purchasing additional shares with a minimal investment fee. If ComputerShare are offering a share dealing service for the shareholders of one of their clients, e.g. h To request a certificate withdrawal, simply contact Computershare (seecontact information). You may choose to receive any dividend payments electronically, by check or you may have a portion or all of your dividends reinvested towards the purchase of additional shares. I found the system excellent. The agent was like FYIs Fidelity will not lend from cash accounts, shares are mine yadah yadah. This is a casual community, not affiliated with the company. 0000014876 00000 n 0000001559 00000 n PO Box 505005 She did have to get supervisor approval too. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Got an immediate response by email and a promise that the money was on its way. Check with your financial institution to determine if this option is available. Does Computershare charge transfer fee to receive? Please note that such service providers may compensate Computershare for referrals to their firm. hb```g```X,=2FV$PQ w - :`3^2Lm ssa@7Z+ By mail.Submit a signed letter of instruction. A prospectus for the CIP is available from Computershare. Would not recommend them. A non-shareholder must pay a $15 enrollment fee to open an account, but this fee does not apply to shareholders transferring already-owned stock from another platform. Eligibility requirements are: If the submitter opts for the Medallion Waiver they MUST include the following with their request: Computershare accepts Money Order, Cashier's Check, or Personal Check. Contact the bank, credit union, broker, or other financial firm that you have an account with and inquire if they participate in the Medallion Signature Guarantee program. Use promo code COMPUTERSHARE to receive a discount*. xref Very informed comments from above posters. Edit and TDLR: Getting downvoted so I have to clarify I just want to know if anyone had the experience of paying fees at any point and to say Fidelity is definitely trying to stem the tide in some way even if they are not blocking. {o9Hr{Cp4*KtN`6m"s!jz[L|Rp0. @ To maximize cost savings for batch order sale requests, Computershare will seek to sell shares in round lot transactions. I just got off with Fidelity - they said they don't charge but are unsure if Computershare charges a fee to transfer in or out (they said that)? .HLNq- Computershare is awful. Ililisister 3 yr. ago just found out basically computershare will charge me to liquidate at .07 a share + $11 or $20 fee - vanguard will do it for free. However, you can also request a certificate for full shares. Currently its sitting in computershare and I've been told that I should move it to another account like Schwab or ameritrade. Louisville, KY 40202. eSignature Guarantee offers an online service for stockholders to obtain a Medallion Signature Guarantee. Computershare does not share nonpublic personal . It does not authorize a party to perform future transactions or to obtain account specific information. When you deposit your shares you no longer have to worry about safeguarding physical certificates. The Computershare Investment Plan provides investors with a convenient and simple method of purchasing shares with minimal service fees. Each Medallion Guarantee has a specific coverage limit that is identified by the alpha prefix on the stamp. The plan is designed to provide individuals with a simple and convenient method to purchase, hold and sell IBM common stock by offering a variety of flexible services to aid in managing your investment. Create an account to follow your favorite communities and start taking part in conversations. Join our community, read the PF Wiki, and get on top of your finances! 0000009086 00000 n Physical Stock Certificates registered in the investor's name require the investor to safeguard them until the investor wishes to sell or transfer the shares. Louisville, KY 40233-5005. !# \ Bdjd'"@dYjKkmy|lT8 5jG G35TCw9t6FT|)[GNr=_nb$*%u+,bzf'ttoA| ]xR4j7ZKiqgX1XAw_T"jHQK3~ps=qK sm#V$\Ke4S:=9 endstream endobj 323 0 obj <>stream i'll just have to pay capital gains at the end of the year. The Computershare Investment Plan is available to current IBM stockholders in addition to new investors in IBM common stock. %PDF-1.6 % You can also invest in Vanguard funds outside of Vanguard. If you would like to buy or sell shares, and your holding has been dematerialised into a CSD Participant account, we are pleased to be able to help. P.O. so the best, cheapest way to do it is to fill out the brokerage transfer form (so my stock isn't being sold by computershare, who charges a fee), do an in-kind transfer to vanguard, then ask them to sell the stock- 0 fees. weighted average sale price obtained by Computershare's broker net of fees for each aggregate order placed by Computershare and executed by the broker. `Q6z{Yd}^_3HK0FcY>=_@RZ uuid:a381ec5a-cb37-4b37-9da4-9f2be967431f I notice a lot of don't use Computershare for sales info here. Computershare will code a registered shareholder's account to electronic delivery of shareholder materials upon your request to them. To initiate automatic investments, you must complete and sign an Authorization Form for Automatic Deductions and return it to Computershare. I wouldn't dream of selling shares through a Company Registrar. Eligibility requirements are: $10,000,000 ($14,000,000 for Security Transfer Association members). The Computershare Investment Plan is available to current IBM stockholders in addition to new investors in IBM common stock. See Alpha Prefix and associated coverage limits on table provided below. just found out basically computershare will charge me to liquidate at .07 a share + $11 or $20 fee - vanguard will do it for free. Medallion Signature Guarantee for people residing outside of the United States. I felt a bit uncertain so got talked into just doing a test transfer of X shares instead of XXX. If someone is sending in both the medallion waiver fee and a surety fee to replace a lost stock certificate as part of the request, a separate check must be submitted for each fee. Thanks. Fill out the Etrade DRS transfer form and upload it to your account. endstream endobj 318 0 obj <>stream 0000002027 00000 n But all brokerages worth a damn will offer dividend reinvestments. Our shares are dealt with Computershare USA and I have found them very effective, efficient and once shares are sold funds are usually in my account in approx 3-4 working days. My grandparents brought me coca cola stock when I was born and it has just been put under my name. Here is a result from a quick google search on schwab: https://www.schwab.com/public/file/P-221972/APP13017-26-ADA.pdf. You can search for institutions that participate in the Medallion Signature Guarantee program here: www.MSGlookup.com. Individuals should contact the provider to determine the requirements to obtain an MSG and what fees may apply for the service. Following is a link to a searchable database: https://esignatureguarantee.com. Thank you from an interested would be investor. Anything I should know/avoid? Individuals should contact the provider to determine the requirements to obtain an MSG and what fees may apply for the service. Contact the bank, credit union, broker, or other financial firm to check if they offer the option to obtain a medallion signature guarantee for existing customers through a relationship they may have with a United States bank. This permits you to make regular investments, if you choose, in an amount and schedule that are comfortable for you, without the inconvenience of writing and mailing checks. Sept. and sold through computershare 3 shareholdings. Once automatic deductions begin, funds will be withdrawn from your bank account on either the 1st or 15th of each month, or both (as specified by you on your Authorization Form), or the next business day if either the 1st or 15th is not a business day. 59 0 obj <>stream edit - i found answer and will post it here: just found out basically computershare will charge me to liquidate at .07 a share + $11 or $20 fee - vanguard will do it for free. + Investor FAQs . I'm executor of an estate and share sale executed on 16th of June. endstream endobj 319 0 obj <>stream h25R0Pw/+Q0L)643$-A@ * I have'nt dealt in shares myself for some time now. Askaboutmoney.com - the Irish consumer forum. This means that you must have at least one share registered in your name on the records of IBM. The two most common direct purchase plan administrators are ComputerShare and American Stock Transfer & Trust Company ( AST ). I am a bot, and this action was performed automatically. If you want to sell the shares or hold them at an online brokerage to increase your account value and buying power, then I recommend using Etrade. There is an enrollment fee to open an account with Computershare. 0000002507 00000 n And was I aware there is a limit to sell on Computershare, etc. 0000001478 00000 n The plan is designed to provide individuals with a simple and convenient method to purchase, hold and sell IBM common stock by offering a variety of flexible services to aid in managing your investment. Automatic investment enables you to pre-authorize Computershare to purchase additional shares each month by electronically debiting your check or savings account at a U.S. financial institution. Talk to a different gate keeper. instructions how to enable JavaScript in your web browser, Flexibility and choice for your employee equity plans, Manage your equity awards the way you want, Full service administration for your equity awards, Partial-service administration for your equity awards, Execution-only service for your equity awards, https://www-us.computershare.com/Investor/#Help/PrintableForms, www.iwcprobateservices.co.uk/overseas-probate-medallion-guarantee, Georgeson Proxy Solicitation and Consulting, KCC Bankruptcy and Class Action Administration, Residents of The Bahamas and the United Kingdom, A check for $50, payable to Computershare, and, A copy of a government-issued photo ID such as a passport or drivers license the ID must be of the person signing the form, Check for $50 payable to Computershare and. You will promptly receive a statement from Computershare confirming each deposit of your shares to your book entry account. Lo-{;2K!8F3hrc*uGG}:?51 -NB >XE?U^")]R>) Fees will be deducted from the sales proceeds and a check for the net sales proceeds will be mailed so as to be received within 10 h23T0P041W04Tw/ All shares purchased through the plan will be held for you in book entry form by the plan administrator. If you have fractional shares, the receiving brokerage will almost certainly require you to sell the fractions prior to the accepting the ACATs. Louisville, KY 40233. Can anyone confirm that there are no fees to transfer, DRS & hold? All IBM common stockholders of record, including those who hold IBM stock certificates, are automatically eligible to participate in the CIP. Press J to jump to the feed. By Internet.Go to www.computershare.com. 0000023100 00000 n BTW some of the share certs are old and don't match the holding. However, shareholders are charged when withdrawing funds. are subject to different fees. 0000010015 00000 n Create an account to follow your favorite communities and start taking part in conversations. Contact Computershare for details (seecontact information). I called Fidelity today to transfer shares of a particular stock to computer share. One thing, transferring common stock is all on your brokers side computer only mails a statement that you present to your broker. 0000002850 00000 n 020 8150 2010, Calling from outside the UK: Not sure what Compushare is, but either way should work, as either way you'll want to sell the stocks and buy index funds. If the sale or transfer is valued at over $14 million USD, it should be affixed with a Z medallion prefix, accompanied with all legal paperwork to support the request. Computershare may, under certain circumstances, require a transaction request to be submitted in As a registered owner, you receive dividends, annual reports, proxies and other mailings directly from EQ Shareowner Services. 15 45 462 South 4th Street, Suite 1600. does computershare charge a fee to sell stock. www.MSGlookup.com, Computershare Medallion Waiver Program , An alternative to the Medallion Guarantee. Computershare contact details are available at our Key Contacts page. The surety fee varies for each situation. Regardless, I will continue buying on Computershare and transfer more once I get the confirmation! hbbd``b`$@` BA 9+H0 "Dx k 0000036928 00000 n Where can United States residents obtain a Medallion Guarantee stamp or alternative? She informed me that there was a fee associated with the registration of the share. Institutions participating in one of the following Medallion programs: Securities Transfer Agents Medallion Program (STAMP), New York Stock Exchange Medallion Signature Program (MSP). Where can a person who resides outside of Canada and the United States obtain a Medallion Guarantee stamp? aG:nN]uSs[T-q'YO'sF^7)9D244@x{]A7Wequ7M,)'XlN MSN 7[g9UZo On the other hand, my agent was very nice and said she had already handled several of these requests today, and knew exactly what I was talking about. Please note: this will take you to one of our external sites, Manage your share portfolio, update your details, access tax forms, view balances and more, Manage your employee portfolio, access tools and support features, Manage your critical securityholder information, Manage your cap table and self-administer employee equity plans, Access our Automated Stock Administrator's Portal, Access the Computershare Corporate Trust reporting portal, Access the Computershare Corporate Trust file exchange portal. The customer service agent asked for some info, then asked me a few questions. If the value of the transaction exceeds the limit, the MSG will be rejected. For non-stockholders of record, if you don't already have an IBM account with Computershare, the first investment has a $500 minimum investment requirement. I should have mentioned I want to change from one stock to VTSAX. I'm hoping it's more of a fee per transaction as opposed to each share. 0000001196 00000 n order is an order to sell shares when and if the stock reaches a specific price at any time while the order . Apparently they aim to respond within a week but the regulator allows them 2 months. 0000007608 00000 n The ETF is down 7% over the past year, as rising interest rates and tighter economic conditions have dampened the appetite . For this purpose Computershare may The questions were, "Do you know computershare is not a broker" yes, "Do you know that your shares will be unavailable to sell during the transfer, which may be up to 3 weeks" yes, "Do you know the fees associated with transferring to computershare" uhm no. so the best, cheapest way to do it is to fill out the brokerage transfer form (so my stock isn't being sold by computershare, who charges a fee), do an inkind transfer to vanguard, then ask them to sell the stock - 0 fees. "> 6wH/j (0b``:{ }I Please note that in some cases it may be necessary for Computershare to charge a research fee. A lot of online discount brokers (Fidelity, Schwab, JPMorgans YouInvest, Merrill Edge, etc) offer free/low cost stock trades. It's like pulling teeth getting all the paperwork/funds. I have made 2 DRS from Fidelity to CS, no fee was charged. To initiate automatic investments, you must complete and sign an Authorization Form for Ongoing Automatic Deductions and return it to Computershare (see contact information ). Q. I went online on 1st. hT0Pw/+Q02L)65))#(m!vv o You can build your investment over time by making additional purchases periodically. Join our community, read the PF Wiki, and get on top of your finances! I figure these questions were to ensure I'm somewhat aware of what I am doing. hXj#1JJ)$i3n?$#xdp @J*VP{BQ4PtFZuAR"dKJF?uS6z h5t\(cI|\Nt6h!jgH3Ieuv h25U0Pw/+QL)627)@iS(mPD$C*R"vv A i'll just have to pay capital gains at the end of the year. The table below outlines the options residents of Canada can explore to obtain a Medallion Signature Guarantee (MSG). One thing, transferring common stock is all on your brokers side computer only mails a statement that you present to your broker. endstream endobj 320 0 obj <>stream 36 0 obj <>/Filter/FlateDecode/ID[<31EE80A15320B0BA23BF9395DAC1AE2D><85666834BA46224BB4798902F2C411F6>]/Index[14 42]/Info 13 0 R/Length 100/Prev 47057/Root 15 0 R/Size 56/Type/XRef/W[1 2 1]>>stream endstream endobj 15 0 obj <> endobj 16 0 obj <> endobj 17 0 obj <>stream 55 0 obj <>stream the applicable stock exchange, by Computershare at its sole discretion or, if Computershare's broker has not filled the order, at a Participant's request made online. endstream endobj 181 0 obj <>/Encoding<>>>>> endobj 46 0 obj <> endobj 47 0 obj <> endobj 126 0 obj <> endobj 48 0 obj <> endobj 28 0 obj <> endobj 31 0 obj <> endobj 34 0 obj <> endobj 37 0 obj <> endobj 40 0 obj <> endobj 43 0 obj <> endobj 45 0 obj <>stream This makes up the secondary market, where stocks trade after being sold directly from a company. Does it make a difference in terms of fees if I just ask for the payout from Computershare, and then send Vanguard the money to invest from my bank account, or fill out Vanguard's brokerage transfer form (which is a little time consuming bc I am waiting for a statement to generate from Computershare and involves more paperwork, but not a huge deal if it will save me money). dPg-oI5+M.b` / Purchase and sales fees are determined by each company individually. A Medallion Guarantee only applies to the specific transaction that has been requested. www.iwcprobateservices.co.uk/overseas-probate-medallion-guarantee. Some Guarantors may only provide Medallion Signature Guarantees for their customers. If the market is closed, your order will be submitted beginning at the start of the next day the stock market is open. 0000039605 00000 n Instead, ComputerShare is a stock transfer agent. Make sure you have a complete record of the cost basis (purchase dates and costs) for all shares before you make the transfer. Any advice one what is best? }%}.ob+.~% Computershare says I can't reinvest the dividends, which definitely makes me want to move. For a good-til-cancelled (GTC) limit order (an order to sell shares when and if the stock reaches a specific price at any time while the order Key features of . Could a broker handle this? Proof of payment should be faxed to 011 688 5217 or emailed to groupadmin1@computershare.co.za. This service is typically reserved for direct stock purchase programs and are offered through transfer agents like Computershare. For this purpose Computershare may combine each selling shareholder's shares with those of other selling shareholders. Shares purchased through the CIP will be held in book entry form at Computershare. 0000014017 00000 n To say they were icompetent would be complimentary. I'm hoping it's more of a fee per transaction as opposed to each share. Or via overnight/certified/registered delivery mail to: Computershare Had terrible experience with computershare recently also. Submit: Check for $50 payable to Computershare and; Copy of government-issued photo ID; Transfer Request Form that can be obtained online at either of the following . We get a share package and can contritbute if we wish to do so. 0000040232 00000 n endstream endobj startxref 0000006466 00000 n To maximize cost savings for batch order sale requests, Computershare will seek to sell shares in round lot transactions. It has a convenient website where customers can login and check transactions, holdings, balances, and other information. Not a great way to do business though - I'll have to wait and see if it actually arrives as promised! Go to www.computershare.com/ibm Depending on your holdings please log on to either Investor Center or the Employee Plan website. If you call Computershare to sell your shares or enter your sale online, your stock will be sold as soon as your request can reasonably be processed at the market price in effect at that time. Physical certificates carry risk. I assume the $s not in a retirement or other restricted account. Book entry shares also eliminate the requirement for physical movement of stock certificates at the time of sale or transfer of ownership. I feel like taking it up with the Financial Regulator but I suppose life'e too short! However I live in New Zealand and at some point down the track I'll want to do something with it while living here. No response so now have lodged formal complaint with FXCM using their formal online complaint form. hT9gA*X ~h5b! 3 yr. ago. 0000016336 00000 n You may buy shares directly through the Computershare Investment Plan. 0000005296 00000 n Some NPCs are worthless. 0000008629 00000 n So nearly a month later, still unable to sell Elan/Perrigo shares and FXCM have not responded to complaint! Documents were lost, unexplained delays. Since most online brokers now charge $0 for stock and ETF trades, they are now much cheaper than a transfer agent. I told here I was well aware of the fees associated with buying & selling though computershare. Please review the prospectus carefully before you decide to invest. 0000015722 00000 n To deposit shares into your plan account, please send your certificates unendorsed (with a tear-off form from your statement or send a brief letter of instruction) via registered or certified mail, with return receipt, or some other form of traceable mail, and properly insured. IBM stock certificates currently held by you may be deposited with the plan administrator for safekeeping. then i'll buy vtsax. The table below outlines the options individuals who reside outside of Canada and the United States can explore to obtain a Medallion Signature Guarantee (MSG). PScript5.dll Version 5.2.2 Initiate Transfers from the Receiving Broker If you are ever considering moving money around to different accounts, it is almost always best to initiate the transfer from the receiving party. I want to have everything in Vanguard and revinest the dividends.

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