Selling shares
Discussion
andyxxx said:
What is the most cost effective and simple way to sell shares?
I have a number of shares held/registered Equiniti and Computershare.
1% selling fee sounds rather steep?
Any advice (Keeping it simple) would be appreciated.
1% may or may not be steep, depending on the amounts involved I have a number of shares held/registered Equiniti and Computershare.
1% selling fee sounds rather steep?
Any advice (Keeping it simple) would be appreciated.
Look into whether the registrar does a monthly batch trade which you can opt into - I think Equiniti called it 'SmartDeal', probably the cheapest option if you don't mind waiting.To be honest I'd just suck up the 1% if it's a modest amount.
If that's actually 1% of £100,000 = £1,000 it would be worthy of further careful thought.
For instance, Hargreaves Lansdown have a significant retail business,
https://www.hl.co.uk/shares/share-dealing/certific...
"If you’d like to hold shares you have certificates for in your HL account, you can transfer them into an HL Fund and Share Account for free. To do this you’ll need to complete a Crest Transfer form and send this with your certificates to Hargreaves Lansdown, One College Square South, Anchor Road, Bristol, BS1 5HL. We recommend you return your Crest Transfer form and certificates by recorded delivery."
Hargreaves Lansdown charges a standard online dealing fee of £6.95 to sell shares. Selling shares over the phone or by post costs £29 per trade.
If that's actually 1% of £100,000 = £1,000 it would be worthy of further careful thought.
For instance, Hargreaves Lansdown have a significant retail business,
https://www.hl.co.uk/shares/share-dealing/certific...
"If you’d like to hold shares you have certificates for in your HL account, you can transfer them into an HL Fund and Share Account for free. To do this you’ll need to complete a Crest Transfer form and send this with your certificates to Hargreaves Lansdown, One College Square South, Anchor Road, Bristol, BS1 5HL. We recommend you return your Crest Transfer form and certificates by recorded delivery."
Hargreaves Lansdown charges a standard online dealing fee of £6.95 to sell shares. Selling shares over the phone or by post costs £29 per trade.
Just to add, you need to be very careful about those share certificates. If they go astray you'll be right up the chuff, paying a hefty indemnity fee (often between 2% and 3%) to get them replaced. If the certificates have significant value you might even consider taking them in person to wherever they need to go.
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