A custodian account established with a financial institution, typically a brokerage firm, for the purpose of holding securities and facilitating transactions on behalf of an investor. Securities are registered in the name of the broker and the investor is named as the beneficial owner.
Related information about nominee account:
- What is nominee account? - BusinessDictionary.com
Definition of nominee account: Account set up by a nominee (the 'registered owner') for administering securities or other assets held on behalf of the actual ...
- Nominee Definition | Investopedia
A "nominee account" is a type of account in which a stockbroker holds shares belonging to clients, making buying and selling those shares easier. In such an ...
- Street name securities - Wikipedia, the free encyclopedia
In the United Kingdom this is known as holding shares in a nominee account. Although terminology between countries differs the basic principles are the same.
- nominee account : defined at Finance Glossary
nominee account : An account in which the named holder holds the assets in it on behalf of another (the beneficiary). In the stock market, the most common use ...
- What is a Nominee account?
A Nominee account is a facility whereby a client's shareholdings are not registered in his / her own name but in the nominee company of a Stockbroker, with a ...
- What is nominee account? - InvestorWords.com
Definition of nominee account: A custodian account established with a financial institution, typically a brokerage firm, for the purpose of holding securities and ...
- Omnibus Accounts
A "nominee" account is typically distinguished from an omnibus account by two features. (i). While a nominee may open an account for the purpose of holding ...
- How Safe Are Your Investments? - Seeking Alpha
Mar 18, 2008 ... It is essentially a safekeeping nominee account. By keeping the customer property totally separate from bank property, it will not get caught up ...