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Security Swaps offers nominee services to clients either seeking discrete investment vehicle or who are not interested in the administration hassles that come with managing a stock account. To access the service clients will be expected to execute our nominee agreement which can be downloaded.
Your investments are registered and safeguarded in a Nominee account. Although the shares are registered to our Nominee Company, the beneficial ownership remains yours and where we do not have discretion we are still required to gain your approval before making any alterations.
Dividends are collected on your behalf and credited to your separate Income Account held with us. These can be paid out at any frequency you require or reinvested when appropriate. Most clients investing for income purposes elect to receive an automated monthly payment directly to their bank account.
If you were previously accustomed to dealing with certificated shareholdings, you will be used to receiving large bundles of paperwork directly from the companies in which you invest. Often these will be very lengthy documents requiring an election or action from you. Failure to respond to this paperwork can often result in a pre-determined course of action that may not have been the most beneficial outcome for you. When you elect to register your holdings in the Nominee Account, we receive all company notifications on your behalf. We will then contact you to succinctly explain the options available and advise accordingly where appropriate.
The benefits of holding stock in our nominee company are:
- We look after your holdings
- Minimum commission is applied on your transactions
- Optional quarterly income payments direct to your bank
- On-line valuations & annual statement
- Interest on cash while you wait to invest
- Dividends collected
- Information provided about rights issues etc.
To streamline your dealings with us even further we can open a cash deposit account for you. Any proceeds from sales or dividends go into your deposit account earning you interest straight away. When you purchase stock we settle the transaction out of your deposit account without having to bother you. Your money is not tied up, you have instant access and you can make withdrawals of capital as you wish. Income can be paid out direct to your bank on a quarterly basis. Your funds are held separately from our own in a trust status client account.
(Click to open an account)