Is a transfer agent a custodian?

Transfer agents handle the direct responsibility for shareholder purchases and sales of mutual fund shares. The custodian then records these transactions without fund manager involvement. Custodians report these transactions to fund managers so they can continue to keep fund assets and fund cash positions healthy.

What is the difference between a transfer agent and a registrar?

A transfer agent’s principal functions are to issue and cancel certificates to reflect changes in ownership of the securities of an entity and to act as an intermediary for the company. A registrar’s function is to maintain the register of the issuer for each issue of securities.

Is a transfer agent required?

For private companies, all the basic functions of a transfer agent are needed—maintaining the official record of ownership, issuing stock certificates, cancelling stock certificates, exchanging or converting securities, and managing distributions to stockholders—but it’s not required that they be performed by a …

What is a registered transfer agent?

A registered transfer agent is a transfer agent that has registered with the SEC or, in the case of banks serving as transfer agents, with an applicable Federal bank regulatory agency. Whether a transfer agent must register depends on whether the transfer agent transfers Section 12 Securities.

Who are the largest transfer agents?

Specifically Computershare, the largest transfer agent in the U.S. and the world, is – and has always been – based in Melbourne, Australia; and American Stock Transfer & Trust Company, with the second highest number of U.S. corporate clients, has been owned since 2008 by Pacific Equity Partners (PEP), Australia’s …

Who can be a custodian?

However, a custodian acts on behalf of the account owner and does not usually buy or sell investments without the owner’s approval. Custodians can be an individual, a bank or trust company, or a financial agent.

What is the role of R and T agent?

An R agent is an intermediary who takes care of the back-end processes of a mutual fund, processing all financial and nonfinancial transactions. Who is an R agent? An R agent maintains records of every mutual fund transaction on behalf of the fund house, through his network of offices across the country.

What is a TA 1?

Description: Form TA-1, an interagency form, is used by entities wishing to act as a transfer agent to register before performing transfer agent functions and to amend registration information as necessary.

What is a Ta 2 form?

FORM FOR REPORTING ACTIVITIES OF TRANSFER AGENTS. REGISTERED PURSUANT TO SECTION 17A OF THE. SECURITIES EXCHANGE ACT OF 1934. INTENTIONAL MISSTATEMENTS OR OMISSIONS OF ATTENTION: FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS.

Who can be a transfer agent?

Transfer agents are usually banks or trust companies, but sometimes a company acts as its own transfer agent. Transfer agents are required to be registered with the SEC, or if the transfer agent is a bank, with a bank regulatory agency.

How do I find a transfer agent?

In many cases, you can find the transfer agent for a certain company or stock by searching the company on OTCmarkets.com and selecting the Company Info tab for that company. You may also want to visit the company’s investor relations’ website, call the company directly, or ask your broker.

Who is the transfer agent for JP Morgan?

Computershare Shareowner Services LLC
Computershare Shareowner Services LLC maintains JPMorgan Chase’s registered shareholder records and can answer specific questions about shareholder accounts and transactions.

What do you mean by Sub T / A fees?

Please defined what you mean by sub T/A fees. Mutual fund companies pay a transfer agent a fee to track individual accounts. This is called a sub-TA or sub-transfer agency fee. This fee is a part of the normal operational fees collected by the mutual fund.

What are Sub-TA fees in a 401k plan?

Sub-TA fees: Sub-shareholder (participant) servicing fees a.k.a. “sub-transfer agent fees,” “sub-TA fees” or “shareholder servicing fees.” Are your providers receiving sub-transfer agent or shareholder servicing revenues, and if so, are the revenues offset against the costs as described in your service agreement?

How does revenue sharing of Sub-TA fees work?

Typically, if the 12b-1 fees or sub-TA fees are credited to the plan accounts and spread to the participants’ accounts they are done as a fee credit. Therefore, they included in earnings. Since these are used to reduced plan fees, I don’t believe there would be a 415 problem. Sign up for a new account in our community.

How are Sub-TA fees disclosed in a mutual fund?

The sub-TA fees are typically not disclosed directly in the prospectus. The mutual fund will typically have a specific arrangement made with the transfer agent for the fund and the sub- TA fees would be disclosed in that agreement.