A holder of securities on behalf on investors; often subsidiaries of stockbrokers.... more on: Nominee
The person, bank, or brokerage in whose name securities are transferred.
A person or company nominated by another to hold shares on his behalf. The most common use of nominee accounts is where execution-only brokers act as nominees for their clients. The shares are registered in the name of the broker, but the client has beneficial ownership of them. The advantage of nominee accounts is that they make settlement quicker and more streamlined. In theory, dealing costs should be lower. There are some disadvantages: because the individual isn't the registered owner of the shares, he doesn't get sent company reports and accounts, and can't take advantage of shareholder perks, unless his rokers provides a special forwarding service.
The most common type of account for holding shares, especially with online brokerages. Essentially the broker will hold everyone's shares in one big pot, rather than issuing certificates for each individual holding.
A person who holds assets for another person.
An individual or company in whose name a security is registered although the real (or beneficial) ownership is actually held by another. Nominee companies are often used by share savings schemes to reduce costs and paperwork for private investors.
a company created for the purpose of holding shares and other securities on behalf of investors, both private and institutional
an individual or entity, which acts on behalf of a beneficial owner
an institution or person under whose name it has been agreed that an investment will be held, for example, shares may be held under the name of a broker or investment fund so that it is easier to settle transactions
a person or firm, such as a bank official or brokerage house, into whose name securities are transferred to facilitate transactions
a person who acts as an agent on behalf of another person in the purchase of real property
A person or company holding securities and other assets on behalf of others.
A legal agreement where a person or a firm holds shares on behalf of another person or institution.
A person or company holding securities on behalf of others, but who is not the owner of such securities.
Legal agreement where one person or firm holds shares on behalf of another, who remains the beneficial owner.
A person or company established to hold shares on behalf of the investor. The nominee is the legal owner of the shares. The original investor becomes the "beneficial owner" entitled to receive dividends and the capital growth of the shares, but not the automatic right to attend company meetings etc.
An official of a financial institution or some other appointed agent to whom securities or other funds are transferred by agreement with the actual owner. Nominees facilitate the collection and distribution of income from securities (when such securities are held in the name of a nominee), and facilitate the sale or purchase of securities when it may be inconvenient or impractical to obtain the necessary signature of the principal in order to conduct a transaction.... read full article
A person or institution holding a security in is own name for the benefit of the actual or beneficial owner, usually to insure anonymity
This is the name used by a person or firm such as a custodian when holding securities on behalf of another. The nominee is the legal owner and it is their name which appears in the registrar. The nominee has contractual obligations to the underlying beneficial owner.
Party designated to act in place of the original buyer in a real estate transaction. Does not act on own behalf, but as trustee for real party.
Someone who is nominated to deal with certain matters on behalf of another party.
Broker, bank or other investment institution holding securities on behalf of a particular investor. The nominee used by BNY to custodise the underlying ordinary shares evidencing the ADRs is BNY (Nominees) Limted.
An organisation that acts as the named owner of securities on behalf of a different beneficial owner who remains anonymous to the company.
a person or company holding securities for someone else who wants to remain anonymous.
Shares or investments need not be registered in the name of their Beneficial Owner. They may be registered under the name of a nominee, a practice often used to ease the administration of holding, buying and selling shares on behalf of clients.
a person or entity named by another to act on his behalf. A nominee is commonly used in a securities transaction to obtain registration and legal ownership of a security.
A person who holds assets on behalf of another person, called the beneficial owner. A company may also act as nominee.
A person, or company, in whose name the shares are held, but who holds them on behalf of the actual shareholder. A means of preserving anonymity of the actual shareholder and for institutional investors to centralise the administration or individual holdings or their private clients.
An individual or company in whose name a security is registered to be owned, although the real (or beneficial) ownership is actually held by another party. Nominee companies are often used by share investors who for some reason wish their identities to remain undisclosed or who simply require another party to manage (or hold as custodian) their investments.
A company or individual under whose name a security is registered, despite their lack of ownership.
Legal owner of securities that are held by a third party on behalf of the underlying beneficial owner. Nominee accounts may be pooled (ie the details of the beneficial owners are only known to the nominee company) or designated (ie individual owners' are identified on the register along with the nominee).
a person or company acting on behalf of another
A person or firm into whose name securities or other properties are transferred in order to facilitate transactions, while leaving the customer as the actual owner.
Person or firm, such as a brokerage house, whose name is inscribed on a security certificate if it is different from that of the beneficial owner. The purpose is to expedite transfers of title when the security is sold. The beneficial owner is the true shareholder and he retains all rights of ownership. See: Beneficial Owner; Street Name