What are the advantages and drawbacks of administered registered shares and pure registered shares ?
Pure registered shares Advantages – You receive regular information on Kaufman & Broad’s operations, and in particular notice of Annual Meetings. Drawback – If your entire share portfolio is held in a pure registered share account, you will receive individual statements for each account. Administered registered shares Advantages – You receive regular information on Kaufman & Broad’s operations and are able to buy and sell securities through your financial institution. – You receive a single share account statement for tax purposes. Drawback – You have to pay custody fees.
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