Hi all
I was looking for recommendations.
My situation is that I have recently inherited a portfolio of NZ and AU holdings, both shares and bonds, in the order of $670k. I would like to sell these holdings in the near future.
What is the most cost effective way of doing this? I have had a couple of quotes from full service brokers which are both 1% commission. Is there a way of disposing of these shares for less commission? I don't really want to pay $6700 for what seems a fairly simple job.
I'm aware there are online brokers who offer much lower commissions however that may be complicated by two facts (1) the shares are still held in the name of the estate, rather than my name directly (can an estate open an online account?) and (2) I live in the UK. So I'm not sure if I'd be eligible for an online account.
Any advice appreciated. I guess I can just ask for a better rate from the full service broker - does anyone know if they are prepared to negotiate?
Many thanks
Y