Correct. To hold certificates can be done, but they charge (as do all) a fortune to trade. Also, as I said, god help you if you lose the certificates. You can set up an account on whatever system actually holds the shares, and transfer them there, but I have not looked into that.
If by H & L you mean Hargreaves Lansdown, then you own the shares, which are held in you name in a nominee account. That is good as you don't have the hassle (and significant extra costs) of having physical certificates. Can cost a lot if you lose them.
HL aren't the cheapest, but their operation is slick and easy to use
Apologies about the ampersand, force of habit.
That's not entirely accurate, if it is a nominee account then shares are not legally owned by the investor but the investor has rights over them from a ring-fenced holding.
Are both the "HL ISA Stocks and Shares" and the "HL Fund and Share" accounts nominee accounts?
HL, like many with nominee setups, are making it easier (sometimes) to access shareholder privs, and allow you to vote at AGMs etc.
Whoever you deal with, remember Caveat Emptor!
Statistics: Posted by cct — Sat Jun 08, 2024 11:17 pm