Transfer Agent Charges That Should Be Scrutinized

Most stock transfer service fees and expenses are fairly straight-forward.  A number of them, however, require special focus and, sometimes, a third-party expert opinion…like these:

  • Abandoned property services
  • Audit confirmations
  • Broadridge interface fees
  • Company items
  • Fulfillments
  • Inactive shareholder fees
  • Late fees
  • Miscellaneous expense allocations
  • NCOA fees
  • Proxy solicitor access fees
  • Records retention
  • Sales and use tax
  • Shareholder authentications
  • SSAE 16 report fees
  • State audit fees
  • Telephone expenses

Not only can labels for these line items be confusing, but also the calculations themselves.  And, not surprisingly, they are also where transfer agent billing errors happen most often.

If you have questions about this area, feel free to contact us (without obligation) at 928-862-2048.