STOCK BARCLAYS
STOCK BARCLAYS
How do I buy shares as a christening gift in the UK?
I have a reasonably good knowledge of buying and trading shares myself through Selftrade and other brokers but I am interested in the best way to buy them in someone else's name and also how dividends would be paid.
My current thinking is to purchase a paper certificate through Barclays in a company such as BP which allows it's dividend to automatically be issued as extra stock. This way the shareholding can grow while the child is growing up and not require much maintenance such as the cashing of dividend cheques and buying of additional shares.
Presumably it is easy enough to get the share certificate issued in the name of another person?
Are there any companies that specialise in this or is it cheaper and no more complicated to do it myself through a broker?
Your thinking is correct, the paper certificate would make a very nice gift. Your investment choice is also excellent. Your broker should be able to help you out here although it could take a bit of time to receive the share certificate. Get cracking!
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