Somewhere else to hold my shares?

[BrassicaBabe]

I've got some shares from employment scheme a heap of years ago.

They were with computer share. I think that company morphed into Interactive Investor.

I don't buy other shares. This account in just a holding place until a time (likely years from now) when I sell them.

Interactive Investor charge £11.99 per month. I need to get on and shift this! That's too much money for what I use it for. Any ideas please? 😘

My ds uses Trading 212 and as I understand it doesn't pay fees. I have no direct knowledge of them or whether you can transfer the share holding to them.

It just so happens that I've just written to Computershare as a separate entity about some shares held by my DF when he died. It's still separate from Interactive Investor as Computershare is a share registrar ie it maintains the registers of shareholders for loads of companies. When you want to sell your shares, Computershare can offer a share selling service, but they shouldn't be charging you just for keeping your name on any company's register of shareholders.

Are you sure the £11.99 isn’t what Interactive Investor would charge if you wanted to sell them? Did you misread something - if not, where is the money coming from to cover the monthly fee?

Interactive investor charge a £11.99 monthly fee on their "investor" account where assets are over £50k. Under £50k the "investor essentials" plan is £4.99 monthly fee.

I don't see why you can't just hold the shares directly though?

It's def £11.99. I've got the debits to prove it. The share value is def under 50k too. Maybe I ought to be asking some questions! 🤦‍♀️

@Chasingsquirrels do you mean just have the paper copies? Sorry, limited understanding on my part. Yes, I probably should look at that

Interactive Investor have recently changed their plan - maybe 2 months ago? So your fee should have gone down really.

Holding paper shares nowadays, unless you acquired them that way a long time ago, seems pretty much impossible as far as I can tell.