Blog - Colonial Stock Transfer (2024)

FAQs

Is colonial stock transfer legit? ›

We have been in business since 1987, maintaining good standing and registration with the Securities and Exchange Commission since our inception.

The top five transfer agents for the total population market share include: Computershare, Equiniti Trust Co/American Stock Transfer & Trust, Continental Stock Transfer & Trust, BNY Mellon and Broadridge. Computershare maintains its lead with 25.7% market share in 2022 compared to 27.2% in 2021.

Fees collected from third party agents like odd-lot program administrators, providing services such as shareholder lists. Shareholder-paid DRIP and DSPP fees, plus broker commissions. Fees deducted from the proceeds of a “waiver discount” transaction within a DSPP.

In summary, a custodian is a financial institution that holds and protects assets on behalf of its clients, while a transfer agent is a company that maintains records of securities and processes transactions involving those securities.

Most issuers identify their transfer agent on their company website under the “Investor Relations” tab. You may need to contact the company directly to obtain the transfer agent's name and contact information.

Continental is a limited-purpose trust company wholly-owned by Markan Incorporated ("Markan"), a company that has seven other subsidiaries.

Computershare U.S.

Computershare is the largest transfer agent by market share in the US.

An agent will be entitled to a maximum of 10% of the gross transfer fee when they are representing the selling club.

How much does an Agent make at Ria Money Transfer in the United States? The estimated average pay for Agent at this company in the United States is $20.22 per hour, which is 20% above the national average.

You can buy and sell shares/stock in companies for whom Computershare is the transfer agent/registrar directly through Investor Center once you have signed up for an account. Computershare charges fees for these services.

Does it cost money to transfer stocks from one broker to another? ›

Many brokers charge a fee when you transfer brokerage account assets. The typical fee ranges from about $50 to $100, but not every broker has an account transfer fee. The only way to know how much your old broker charges is to check its list of fees or contact customer service.

The potential fees vary among brokers. Some brokerage firms may charge a fee as a way to refrain investors from transferring stocks and make the process harder. However, the new broker of your choice may guide you through the process or even be willing to cover the fees.

Transfer agents record changes of ownership, maintain the issuer's security holder records, cancel and issue certificates, and distribute dividends.

What is the difference between a broker and a transfer agent? A transfer agent acts as a liaison between a company's registrar and an investor. A broker, on the other hand, acts as an intermediary between an investor and an exchange, buying and selling securities for its clients.

Transfer Agents for Public vs Private Companies

For publicly traded companies that are listed on an exchange, do proxy voting, and pay dividends, there are a lot of complexities and so they are required to have a registered transfer agent.

We've provided transfer agent services to 1,800 public and private issuers and cross-border agent services to 220 global clients – that's 2.8MM shareholders worldwide. In the past four years, we've handled 60% of all US IPOs.

Your new broker communicates with your old broker. They set up the transfer. Your old broker must confirm, reject, or change your transfer information within three business days. Assuming your old broker confirms the transfer and there are no issues, the transfer should be completed within six business days.

Individual companies set up direct purchase plans to allow investors to buy shares of stock directly in a company. The Company's transfer agent will effect trades through a trading broker and allocate shares to their registered accounts directly on the records of the company.

The potential fees vary among brokers. Some brokerage firms may charge a fee as a way to refrain investors from transferring stocks and make the process harder. However, the new broker of your choice may guide you through the process or even be willing to cover the fees.