ShareGift within your Nominee
We routinely work with intermediaries of all kinds to help clear client assets under instruction, fractional and residual entitlements and unclaimed assets.
Solving problems and creating funds for charities in the UK
Working together to clear unwanted assets
ShareGift is a small team, and we rely on our partnerships with firms in al all parts of the financial services industry to efficiently clear assets of all kinds.
We can arrange ad hoc transfers of securities via our custodians FIS Platform Securities.
However our preferred method is to set up an internal account with intermediaries.
Why set up an internal ShareGift account?
Setting up ShareGift as an internal client on your system allows you to quickly and efficiently move positions from client accounts and errors account.
This will enable you to close unwanted positions, remove reconciliation breaks and service your client requests more quickly.
As transfer is done by an internal journal, this will even allow you to move positions where the stock is non-transferrable.
ShareGift administers and oversees these accounts on an execution only basis.
Firms we work with include
We can accept all of the below – and more!
What assets do you accept?
- Low value security positions under client instruction.
- Higher value donations from clients looking to give philanthropically.
- Residual cash balances within client accounts.
- Unlisted securities which have no other route for exit.
- Residual entitlements arising from bulk trades.
- Fractional entitlements arising from Corporate Actions.
- Unclaimed cash balance under CASS rules 7.11.56/7.11.57.
- Unclaimed stock balances under CASS rule 6.2.10 R.
- Unallocated balances under FCA waiver.
