Selling shares

[nzspeak]

Apologies for the dumb question, I am struggling to google an answer.

I bought shares years ago through a broker (now Jarden) now I want to sell the shares through my bank. How do I add these shares to my ANZ sharetrading platform to sell?

Thanks

[Snow Leopard]

Apologies for the dumb question, I am struggling to google an answer.

I bought shares years ago through a broker (now Jarden) now I want to sell the shares through my bank. How do I add these shares to my ANZ sharetrading platform to sell?

Thanks

Though it is a long shot, it may be worth asking the ANZ share trading people?
Screenshot 2021-05-07 104400.jpg

[fungus pudding]

Though it is a long shot, it may be worth asking the ANZ share trading people?
Screenshot 2021-05-07 104400.jpg

Apologies if this one is a dumb question, but why not just sell them through Jarden Direct?

https://www.jardendirect.co.nz/prici...IaAlm1EALw_wcB

[justakiwi]

Possibly because their brokerage fee is higher? No idea what ANZ charges, but Jarden charges almost twice what ASB Securities does.

Apologies if this one is a dumb question, but why not just sell them through Jarden Direct?

https://www.jardendirect.co.nz/prici...IaAlm1EALw_wcB

[Snow Leopard]

Apologies for the dumb question, I am struggling to google an answer.

I bought shares years ago through a broker (now Jarden) now I want to sell the shares through my bank. How do I add these shares to my ANZ sharetrading platform to sell?

Thanks

Apologies if this one is a dumb question, but why not just sell them through Jarden Direct?

https://www.jardendirect.co.nz/prici...IaAlm1EALw_wcB

There are no dumb questions but there can be dumb answers especially if you make assumptions and then give definitive answers on those assumed 'facts'.

The fact that nzspeak is asking what one would assume to be a straight-forward question leads me to assume he is best talking to his broker as the obvious assumptions are, not in fact, factual.

What is a fact is that in many facets of life we make our decisions based on our assumptions shaped by our experiences, prejudices, and lack of knowledge of the facts.

Fun heh?

[SBQ]

Apologies for the dumb question, I am struggling to google an answer.

I bought shares years ago through a broker (now Jarden) now I want to sell the shares through my bank. How do I add these shares to my ANZ sharetrading platform to sell?

Thanks

It may be far easier to sell the shares in Jarden (yes pay the high commissions), transfer the funds to your ASB and close the Jarden account.

You may find Jarden may also impose a 'transfer' fee to have the shares go to ASB and could be more of a hassle (paperwork filling out, declarations, and not cheaper to do).

[777]

It may be far easier to sell the shares in Jarden (yes pay the high commissions), transfer the funds to your ASB and close the Jarden account.

You may find Jarden may also impose a 'transfer' fee to have the shares go to ASB and could be more of a hassle (paperwork filling out, declarations, and not cheaper to do).

How would they transfer them to ASB? They don't have them to transfer. Share registries manage ownership of shares not the brokers.

[SBQ]

How would they transfer them to ASB? They don't have them to transfer. Share registries manage ownership of shares not the brokers.

I mean have Jarden to do the paperwork transfer (updating the registry). In order to milk as much fees out of a simple transaction, they treat it as you've removed (or sold) the shares out of your account because at the end of the day, it will no longer be in the account, and since the account portfolio value drops, so does their account management fees.

[777]

I mean have Jarden to do the paperwork transfer (updating the registry). In order to milk as much fees out of a simple transaction, they treat it as you've removed (or sold) the shares out of your account because at the end of the day, it will no longer be in the account, and since the account portfolio value drops, so does their account management fees.

The shares are registered in shareholders name with the share registry, full stop. You can use any broker to sell them. It is no where near as complicated as you are posting.

[777]

Direct Broking is the old ANZ run platform and is now run by Jardens. Rates are cheaper than ASB Securities if you have a Cash Management account.

If you are just going to sell them and not planning on more trades in the short term then you can just sell them through any broker and pay the fee they charge. There is no requirement to sell through the broker you bought them through. If the share registry for the shares is Computer Share Registry then they have a facility to sell through them. Not sure about Link.