Nominee or crest share account

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Is a nominee or crest share dealing account better. how can you change from one to the other.
 
Nominee does not give you the full status associated with shareholding. You do not have rights to receive information, to attend shareholders meetings, to vote - except to the extent that the nominee permits you. Where the company offers special privileges to shareholders e.g. discounts, you may not get these. A nominee shareholder cannot verify his shareholding theough the "investor relations" link on many corporate sites. In short, a nominee shareholder is not a true shareholder.

Unfortunately....very unfortunately, no Irish stockbroker offers a facility to have online trading and crest. Goodbodys had such a facility until some weeks ago - now they have withdrawn it. If you want to have a full and proper shareholding - either certs or crest - and trade online, you must go to a stockbroker outside the state. I have just moved therefore to Sharewatch who do offer such facilities
 
Is the NIB sharedealing service a custody (ie crest) sharedealing account?
 
Until the legal situation over the holding of shares is clarified, you should really hold any long term shares in share certificates.

If you do want to hold them in electronic form, Crest is the safest.

The safety concerns outweigh the small cost differences.

This applies to investors. Traders/gamblers are taking big risks anyway, so why not hold them the cheapest way possible?

Brendan
 
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