ndublinooc
Registered User
- Messages
- 31
Hi all,
A few questions on nominee accounts
I'm interested in buying a small number of investments (maybe foreign listed ETFs) at about E10k each in diversified stocks, objective is to hold for 5-10 years.
I checked out Davy online who informed me that any investments would be in a nominee account with my name against the stocks concerned. Bearing in mind I want to buy and hold, would my investments be safe in the event the broker goes under?? If not what alternatives do I have ?? What is the safest method by which to own a foreign listed ETF?
I have checked previous postings by Brendan and others who state the government would be unlikely to let a bank owned broker fail but I understand Davy is no longer owned by an Irish Bank....
Any feedback much appreciated
A few questions on nominee accounts
I'm interested in buying a small number of investments (maybe foreign listed ETFs) at about E10k each in diversified stocks, objective is to hold for 5-10 years.
I checked out Davy online who informed me that any investments would be in a nominee account with my name against the stocks concerned. Bearing in mind I want to buy and hold, would my investments be safe in the event the broker goes under?? If not what alternatives do I have ?? What is the safest method by which to own a foreign listed ETF?
I have checked previous postings by Brendan and others who state the government would be unlikely to let a bank owned broker fail but I understand Davy is no longer owned by an Irish Bank....
Any feedback much appreciated