What Is A Transfer Agent? Phoenix American - Fund Accounting Services
In its most limited sense, a transfer agent is an agnostic third-party entity required to process a transfer of a company’s securities from one investor to another. Some companies are required to use a transfer agent due to the nature of their registration with the Securities and Exchange Commission. Other companies are not required to use a transfer agent but choose to because of the arms-length nature of the transfer agent service and because other back office services may be offered by the transfer agent. Still others, which are not required to use a transfer agent, process transfers themselves.
Publicly traded companies, mutual funds and private capital funds, if they have large numbers of investors, often utilize a transfer agent to keep track of the individuals and entities that own their securities. The transfer agent will enter new investment information into a transfer agent system, manage the investor database on behalf of the company and keep the investor profiles updated.
Read More: What Is A Transfer Agent?
Contact Details:
sales@phxa.com
415-485-4500
2401 Kerner Blvd, San Rafael, CA 94901, United States
Visit Reference Profile Websites: