Hiring A Stock Transfer Agent

by YuA7sh8g ~ December 8th, 2018. Filed under: Financial Services.

byAlma Abell

If you are an avid investor, you may be looking for a stock transfer agent who can help you maintain accurate data and keep your stocks in line. When it comes to stock transfer services and agents, you will want to make sure that you find someone who is reputable and educated in the field of stock transfer. Here are some factors that you should consider before you hire a stock transfer agent.

  • Compare your goals to see if they are a good fit. For example, do you want to be with the largest agency in the industry? Or maybe you are looking for excellent customer service.
  • Make sure that you ask plenty of questions and make them as tough as possible. Ask them about regulatory changes and how they can impact both expenses and fees. You can even ask them if they lost any clients in the year prior.
  • Make sure that they provide you with their list of fees which also include cost-based fees. If they provide you a round number, see if they can provide you with something that is more specific.
  • It is also important that they do not provide you with average predictions. These predictions should be customized you your special needs.

Other Factors to Consider

Hiring a stock transfer agent is not something you should take lightly, so it is important to make sure that you are extremely thorough in your process. There are several other factors that you need to consider to make sure you hire the right agent or team of agents. It is very important that you take the time to ask around to find out from other investors what this company’s reputation is like. Check out online surveys and do a sampling exercise if they offer you one. You can use these as a primarily guideline but you don’t want this to be the end all be all of your decision making process.

It is also crucial that you find out who they are currently partnered with as you may have dealt with them in the past and not had a positive experience with them. Any reputable company would be happy to provide you with a list of companies and individuals who they are partnered with. It may sound like a challenging process, but it will be worth it for you when it comes to investing in the long-term.

Colonial Stock Transfer provides high quality stock transfer services. You can visit their website to learn more about their products and services.

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