Rookie errors: remember to register
Opening a brokerage account, placing a buy order and ensuring you have enough money in your settlement account to become the proud owner of your chosen company or fund.
Just when you think you have ticked all the boxes and can sit back watching your investment grow something weird happens… a letter arrives in the mail.
You were warned by your family and friends when picking their brains about investing that CHESS statements would arrive and they should be filed away for safekeeping, but this is something different… It’s from a share registry.
What is a share registry?
A share registry is an organisation working on behalf of a listed investment that records changes in ownership, tax information, income preferences and issues statements.
It is important to follow the steps outlined in their communications to access your holding information and check it is accurate to avoid being incorrectly taxed, missing important updates or having dividends/distributions not handled as per your wishes.
A common misconception is that there is just one share registry used by all listed investments.
Like most industries there are multiple providers so you may eventually have holdings registered with several of them.
Where to check the share registry?
Before you go putting your personal information into any website it is best to confirm that it is the correct registry for your holding.
Most companies or fund managers will show their chosen registry or even offer a login portal on their own website under an Investor or Shareholder Centre.
Who do we use?
We have three listed managed funds, and our company is listed too.
Our listed funds are all handled by Link Market Services and they are:
- Intelligent Investor Growth Fund (ASX:IIGF)
- Intelligent Investor Income Fund (ASX:INIF)
- Intelligent Investor Ethical Share Fund (ASX:INES)
If you require assistance in accessing your holding details or need to make changes to your information then you can contact them by clicking here.
InvestSMART Group Limited (ASX:INV) utilises Automic Group.
Frequently Asked Questions about this Article…
A share registry is an organization that records changes in ownership, tax information, income preferences, and issues statements for listed investments. It's important for investors to follow the steps outlined in registry communications to ensure their holding information is accurate, avoid incorrect taxation, and manage dividends or distributions according to their preferences.
To find out which share registry your investment is registered with, check the company's or fund manager's website. They often display their chosen registry or provide a login portal under an Investor or Shareholder Centre section.
You might receive a letter from a share registry to inform you about changes in your investment holdings, tax information, or to provide important updates. It's crucial to follow the instructions in these communications to ensure your investment details are correct.
Yes, it's possible to have investments registered with multiple share registries. Different companies or funds may use different registries, so you might need to manage your holdings across several providers.
Before entering your personal information on a share registry website, confirm that it is the correct registry for your holding. This can usually be verified through the company's or fund manager's website.
InvestSMART Group Limited (ASX:INV) uses Automic Group as their share registry.
Link Market Services handles the share registry for Intelligent Investor's listed funds, which include the Intelligent Investor Growth Fund (ASX:IIGF), Intelligent Investor Income Fund (ASX:INIF), and Intelligent Investor Ethical Share Fund (ASX:INES).
If you need assistance with accessing your holding details or making changes to your information, you can contact the share registry directly. For Intelligent Investor's funds, you can reach out to Link Market Services, and for InvestSMART Group Limited, contact Automic Group.
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