The process of changing stock ownership If you own stock in street name, then you can work with your broker to change the ownership of some or all of your shares. Either way, you'll work directly with the company's transfer agent to change stock ownership. Alternatively, some companies allow you to register shares directly, especially if the company offers a direct reinvestment investing plan. If you hold paper stock certificates, your name will be reflected in the company's own records. For help choosing a broker for this, visit our broker center to compare what's available.Īlternatively, there are two situations in which you will be recognized as the official owner of your stock. That means that you'll have to work with your broker to change stock ownership. Your stock is allocated to you internally within the broker's operational records, but as far as the company whose shares you own is concerned, ownership remains with your broker. Most people who have brokerage accounts hold shares in street name, meaning that the broker they use is the official registered owner of the shares. Three ways to own stock There are three different ways you can hold shares of stock.
The process of changing stock ownership is more complex than simply giving someone a piece of paper, and depending on how you own your shares, you'll need to follow a different process to complete your gift or transfer. Yet from time to time, you might want to make gifts of stock, either to family members, charities, or other people or institutions.
JANETTER CHANGE SHARE OPTIONS HOW TO
Stock investors typically focus on how to buy or sell shares of the stocks they own.
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