Investment Managers

ShareGift is routinely used by asset managers, brokers, custodians and platform providers to help with small shareholdings held by their clients and in clearing resiudal entitlements and dormant assets. Although we deal primarily with small shareholdings, we can also help with larger donations of shares. As we have a huge portfolio of unlisted and non-trading assets, we also frequently assist nominees in clearing stock reconciliation issues. 

Setting up an Internal ShareGift Account

If you are processing a significant number of donations to ShareGift or transferring shares to us regularly, we recommend that you set up an internal account for ShareGift donations. This is generally set up as an execution only client account. A large number of asset management firms, custodians and platform providers now do this, and we have found it mutually benefiicial to operate in this way because this:

• Speeds up the process of removing shares from individual client accounts
• Reduces the cost involved in processing a large number of transactions via Crest or other settlements systems
• Allows the transfer of stocks for which the register is closed (e.g. some stocks in liquidation) via a journal on your internal system. This will enable clients to transfer problem shareholdings from their accounts which may otherwise be attracting disproportionate management fees or be preventing them from closing their accounts.
• Holdings donated to ShareGift in such a way can then either be periodically transferred to us, or sold and the proceeds remitted to us. We are happy to work with your organisation on the best mechanism for you. Please contact us for further information or assistance.

We are of course happy to require any account opening/AML documentation required for this process. Please contact us if you require more details. 

ShareGift is grateful for the support of all of our partners. 

Telling your clients about ShareGift

You may wish to promote ShareGift to clients with small value shareholdings in the nominee or those with holdings which are unlisted and non-transferrable, as these shareholdings will otherwise remain indefinitely within their accounts attracting custodial charges. We are happy to help you with any wording relating to ShareGift in your literature, but if you write your own do check any ShareGift references with us before publication.

Should your client wish to suggest a charity to benefit in the future from ShareGift, please include details of the charity concerned when you transfer stocks to us. We are happy to send thank you letters to your clients, directly or via you, if this is requested. Please provide us with the necessary details.

Ad hoc share transfers

We are always happy to assist with the ad hoc transfer of shares if the volume of transactions does not require setting up ShareGift internally on your system.

If the Shares are held Electronically

Email us the details of the stock, including Sedol code, and we will arrange the trade & settlement dates. ShareGift can accept many foreign shares as well as listed UK stocks. We arrange Crest transfers in-house. The electronic transfer of foreign stocks is arranged via our custodians, Platform Securities. Please contact us first and we will pass on the instruction.

If the Shares are Residual

Please send a certificate re-registered into our name. Our registration details are:

The Orr Mackintosh Foundation Ltd, 6th Floor, 2 London Wall Place, London, EC2Y 5AU

 

FAQs for Stockbrokers/Nominees