Sharechat Logo

Do I have to sell my shares through the broker I bought them from?

Wednesday 23rd January 2002 1 Comment

Text too small?
Q: I have 3,000 Westpac Trust shares which I bought through a broker. Do I have to sell through the same broker? With the advent of online brokers the rates quoted for internet selling seem much less than the full service broker I bought the shares from.

A: You can sell your shares through whomever you like. All you need to provide is your FIN and shareholder number (or new CSN & FIN). If you are not already a client then the broker you wish to use will require identification as well. Go where you can get the best deal - the less money you pay in brokerage means the greater the return on your investment.

  General Finance Advertising    

Comments from our readers

On 30 June 2011 at 6:56 pm John Smith said:
What the benefits and disadvantages of having ones shares held in the brokers nominee company? (My broker continually puts them in the nominee company and I have to ask him to re-register them in my own name)
Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

What is treasury stock?
Can you explain the term "split factor adjustment"?
What are imputation credits?
When is a company listed as CD (cum-dividend)?
Can I buy shares in my daughters' names?
What is an IPO?
What do bid/offer and buy/sell mean?
What does 'Div cps' stand for?
When do shares go ex-dividend?
What is a 'dividend yield'?