Share dealing fees
Share dealing fees
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Discussion

sparkythecat

Original Poster:

8,097 posts

284 months

Friday 6th August 2021
quotequote all
I've got £700 in shares in abrdn plc. The used to be Standard Life shares and I've had them so long that I've forgotten how I came to have them.
I received correspondence today from Equiniti Financial Services Ltd, who claim to manage the arbdn share account, inviting me to either sell my shares or buy some more for a fee of £50.
As I'm never going to make a fortune from 246 shares, I'm inclined to sell them, but a fee of £50 seems a bit salty.
Are there any better ways to dispose of them?

Simpo Two

92,708 posts

294 months

Friday 6th August 2021
quotequote all
Seems odd. I had shares with Equiniti for about 10 years and they never contacted me asking if I wanted to sell them or buy more.

boombang

551 posts

203 months

Friday 6th August 2021
quotequote all
Open an account elsewhere, do a transfer in of the shares (should be free, instruct via new platform), sell for less.

Fidelity, Charles Stanley Direct etc. Take your pick.

davepen

1,482 posts

299 months

Saturday 7th August 2021
quotequote all
Simpo Two said:
Seems odd.
Same here, got the same number of shares because of holding an endowment mortgage policy when SL demutualised.
I guess the offer is due to the new name, and the move of Registrar from Link.

Some wag said rather than SL-Aberdeen, it was now A burden.

DaveH23

3,355 posts

199 months

Saturday 14th August 2021
quotequote all
boombang said:
Open an account elsewhere, do a transfer in of the shares (should be free, instruct via new platform), sell for less.

Fidelity, Charles Stanley Direct etc. Take your pick.
This.

Been using X-O for years.

https://x-o.co.uk/

Mr Pointy

13,338 posts

188 months

Saturday 14th August 2021
quotequote all
sparkythecat said:
I've got £700 in shares in abrdn plc. The used to be Standard Life shares and I've had them so long that I've forgotten how I came to have them.
I received correspondence today from Equiniti Financial Services Ltd, who claim to manage the arbdn share account, inviting me to either sell my shares or buy some more for a fee of £50.
As I'm never going to make a fortune from 246 shares, I'm inclined to sell them, but a fee of £50 seems a bit salty.
Are there any better ways to dispose of them?
Are they paper certificates or in a CREST account?