What is sub transfer agency?
What is sub transfer agency?
Sub-transfer agency (Sub-TA) fees: like the example above, a mutual fund company pays somebody else to perform a fee that that fund company charged for. Sub-TA fees pay for tracking and servicing you and your assets in the plan. These fees are generally included in a mutual fund’s expense ratio.
What does a transfer agency do?
Transfer agents record changes of ownership, maintain the issuer’s security holder records, cancel and issue certificates, and distribute dividends.
How much does a transfer agent cost?
Transfer Agent Fees To Issue Registered Stock Certificate
|Company||Symbol||Transfer Agent Fee|
How do transfer agents get paid?
Transfer agents pay distributions to investors, based on the registrar’s records. For example, transfer agents send interest payments to bondholders, as well as the face value of their bonds, once they reach maturity.
What is the difference between a transfer agent and a broker?
Transfer agents maintain a record of ownership, including contact information, of an issuer’s registered shareholders. Brokers maintain the records of beneficial shareholders. Transfer agents’ responsibilities also include the transfer, issuance and cancellation of an issuer’s shares.
Who are the largest transfer agents?
Computershare holds 56.4% of the market share, followed by Equiniti Trust Co (19.2%), American Stock Transfer & Trust (15.6%), and Broadridge (7%). These four transfer agents account for over 98.2% of the S&P 500 market.
Who needs a transfer agent?
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 …
How do I find a transfer agent?
Most issuers identify their transfer agent on their company website under the “Investor Relations” tab. You may need to contact the company directly to obtain the transfer agent’s name and contact information.
Do private companies need a transfer agent?
The fact is that the vast majority of private companies don’t need a transfer agent at all. While these SEC-registered service providers are vital for handling the complex tracking and recording needs of public (or going-public) companies, for most private companies, they’re an unnecessary cost.
What’s the difference between a broker and a transfer agent?
Generally, transfer agents maintain a record of ownership, including contact information, of an issuer’s registered shareholders while brokers act as a custodian and maintain their own records of who the beneficial shareholders are of the shares registered under their street name.
Are transfer agents regulated?
Transfer agents are also regulated by the Securities and Exchange Commission (“SEC”). SEC regulations are designed to ensure that transfer agents act promptly and accurately. Transfer agents for corporations listed on some stock exchanges must meet additional requirements.
Where can I find a transfer agent?
Do private companies use transfer agents?
Is JP Morgan a transfer agent?
SEC CIK #0001327421 JP Morgan Chase Bank NA is a transfer agent . This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by JP Morgan Chase Bank NA.
What is the difference between a transfer agent and 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.
Can a transfer agent be a broker?
Even though a transfer agent can keep detailed records for a public company, that is not the job of a stock broker.
How do I contact a transfer agent?
Contact Transfer Agent
- U.S. and Canada toll-free: 1-888-201-5538.
- International callers: 1-201-680-6578.
- TDD for hearing impaired (US and Canada): 1-800-490-1493.
- TDD for hearing impaired (International): 781-575-4592.
Is Computershare a transfer agent?
Computershare acts as transfer agent/registrar to a range of US companies. For these companies, registered shareholders can manage their own holdings directly using our online platform, Investor Center.
Who is transfer agent for Alcatel Lucent?
Please contact our transfer agent, J.P. Morgan, and someone will be able to assist you. Q. How can I purchase Alcatel-Lucent stock?
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.