TD Waterhouse, one of the UK’s largest execution-only online brokers, has introduced a new service to customers that will not only provide nominee shareholders with easier access to company information but also give them the option to vote online on decisions relating to their UK-listed nominee shareholdings.
The TD Waterhouse Shareholder Voting and Information Service is an opt-in service that is available for free to all TD Waterhouse nominee customers and is provided in association with Broadridge Financial Solutions.
Jason Robinson, director of operations, TD Waterhouse, said: “At TD Waterhouse we appreciate that not being recognised on the share register has long been an issue for UK investors when holding shares electronically with a broker. For this reason we have worked with Broadridge to find a solution that will alleviate this problem for our nominee customers.
The new service has been welcomed by the UK Shareholders Association (UKSA), which has long been an advocate of holding shares in personal Crest accounts but recognise that some shareholders prefer to use their brokers’ nominee accounts.
Roger Lawson, communications director, UKSA said: “The UK Shareholders Association welcomes the new service from TD Waterhouse because we consider it essential that shareholders are given voting and information rights in the companies in which they invest.”
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