What is the difference between Nominee and CREST accounts?
Both Nominee and CREST account options allow you to hold your stock electronically. The nominee account may be suitable if you wish to deal frequently in foreign stocks, it also allows you to deal in unit trusts. Stock is held in our nominee company name and administration is taken care of your behalf. Our CREST account may be suitable if you wish to deal in foreign stocks occasionally as addition charges will apply. All stocks will be held in your name. A Nominee Account is available to individuals, joint applicants, Limited Companies, Partnerships, Pension funds/Trusts/Charities, Clubs/Unincorporated Bodies and Overseas Residents. A CREST personal member account is only available to those individuals or joint applicants who are resident in an European Economic Area (EEA) state, Jersey, Guernsey and the Isle of Man.
With a Nominee Account, your holdings are held in an authorised nominee company name of Brewin Dolphin Securities Limited or an associated Nominee Company or one appointed by us, with all administration handled by the company on your behalf. A Nominee Account is available to individuals, joint applicants, Limited Companies, Partnerships, Pension funds/Trusts/Charities, Clubs/Unincorporated Bodies and Overseas Residents.
