David1961
Thinks s/he gets paid by the post
- Joined
- Jul 26, 2007
- Messages
- 1,085
I have had an account with a brokerage firm (Schwab) for several years and own several individual stocks. I recently inherited a specific stock where I deal directly with the company instead of going through a brokerage firm. They send me statements each quarter and I am reinvesting the dividends. If I want to reinvest more or withdrawal, I handle it through the mail, which can take weeks. In order to reduce the number of statements I get, I may want to add this stock to my brokerage account. To do this, I assume I just send them the certificates. My question is whether there is any advantage to keeping the ownership the way it is. I know buying and selling is easier and quicker if I go through a brokerage account. I cannot think of any disadvantage of switching my ownership - am I missing something?