Skip main navigation

Barclays uses cookies on this website. They help us to know a little bit about how you use our website, which improves the browsing experience– both for you and for others. They are stored locally on your computer or mobile device. To accept cookies, continue to use the website. Alternatively, go to the cookies policy for more information on how to disable cookies.

Question

What is a nominee account?

Answer

In the stock market, the most common use of nominee accounts is where execution-only brokers, such as ourselves, act as nominees for their clients.  The shares are registered in the name of the broker, but the client has beneficial ownership of them.  The advantage of nominee accounts is that they make settlement quicker and more streamlined.

How helpful was this answer?

Not at all Very helpful