You may not be aware that we are able to hold UK-listed shares, as well as funds, on behalf of our clients. An increasing number of people have contacted us recently to consolidate shares that they hold in certificated form onto our own platform in order to simplify their administration.
Published on 29 Oct 20141 minute read
Written by Ben Gilbert
There is unlikely to be any cost associated with transferring – although our usual annual service fees will apply once the assets have been transferred – and it does not constitute a chargeable event with regard to Capital Gains Tax (CGT). Once the shares have been placed into your account, you can monitor them with ease and switch them to other investments as and when you wish.
If you do hold any shares that you wish to consolidate, the process is very simple. Please send in your share certificates to Bestinvest, 6 Chesterfield Gardens, London, W1J 5BQ and we will take care of the rest. We would always recommend sending these documents via Special Delivery if possible as share certificates are difficult to replace and you may incur costs.
To find out more about consolidating your shares, our team is available on 020 7189 2400 or email firstname.lastname@example.org.