Useful tips

What does a stock transfer agent do?

by Rhyley Bryan

What does a stock transfer agent do?

Transfer agents work for the security issuer to record changes of ownership, maintain the issuer’s security holder records, cancel and issue certificates, and distribute dividends. Transfer agents are usually banks or trust companies, but sometimes a company acts as its own transfer agent.

Who are the biggest transfer agents?

Transfer Agent List

  • ACS Securities Services, Inc. www.acssecurities.com.
  • Ameren Services Company. www.ameren.com.
  • American Stock Transfer & Trust Company. www.amstock.com.
  • Ascensus College Savings Recordkeeping Services, LLC. www.upromise.com.
  • Atlas Energy LLC.
  • BancFirst.
  • Bank of the Ozarks.
  • Boston Financial Data Services, Inc.

How much does a transfer agent cost?

Transfer Agent Fees To Issue Registered Stock Certificate

Company Symbol Transfer Agent Fee
Alibaba Group BABA $25
Alphabet GOOGL $0
Amazon AMZN $25
AMC AMC $0

How do I find a stock 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.

How to choose a stock transfer agent?

Look for a “fit” (your goals and theirs).

  • Stress-test quoted fees.
  • Ask for out-of-pocket expense projections.
  • and invoices.
  • Be sure you really want to use the provider for “everything.”.
  • Verify cost containment assertions (with existing clients).
  • Check the provider’s track record on industry “heads-up.”.

    • What are the responsibilities of a transfer agent?

    A transfer agent plays a vital role in liaising between a company’s registrar and an investor. Transfer agents closely maintain an investor’s account balances, and electronically maintains certificates of security ownership.

    How do you 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.

    What is securities transfer agent?

    A transfer agent is responsible for seeing that stock and other securities transfers are properly executed. When a corporation’s stock is sold, the transfer agent reregisters the securities that are to be transferred.