Cost & Requirements of MSG
- Each application is assessed on a case by case basis and we will advise you of the necessary documentation required in response to individual enquiries.
- To protect our interests and that of our clients, ID checks must be performed before we can issue a Medallion Signature Guarantee.
- Costs from £195 per line of stock
Examples of transactions requiring the Medallion Signature Guarantee stamp:
- Transfer of US or Canadian stocks, shares, bonds, mutual funds and liquidating funds
- Transfer of assets to the beneficiary(ies) or executor(s) when a shareholder passes away
- Transfer of jointly-held assets into a sole holder’s name
- Updating the name on investments (e.g. from maiden to married name)
- Letters of Transmittal
- Wire Transfers
- Affidavit of Loss
- Inherited IRAs (Individual Retirement Account)
- Redemption requests from US or Canadian accounts
Examples of transfer agents (i.e. North American share registrars) who require an MSG:
- American Stock Transfer & Trust Company (AST)
- Broadridge
- Computershare
- Continental Stock Transfer & Trust
- CST Link Group
- EQ (Shareowner Online), formerly Wells Fargo
- Nevada Agency and Transfer Company (NATC)
If you require a Medallion Signature Guarantee, please contact our office on +44 (0) 20 7832 1400 or email: legal@fraserandfraser.co.uk to discuss your case and requirements.
