Holding stocks without a custody account

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  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2142

It seems like no companies issue physical stock certificates these days so I am basically forced to pay for a broker to handle trades and a custody account to hold my stocks.

Is there any way I can hold electronic stocks without having to pay for a custody account?

Thanks.

 
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  • BenutzernameMoneyguru von moneyland.ch
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4017

Hi there,

Very few Swiss companies still issue paper stock certificates. Because certificates are now held and managed electronically, it is impossible to buy, sell or hold most shares without an account at a custodian bank.

However, a limited number of Swiss companies either issue paper stock certificates or run their own custody accounts in which you can hold your shares in the corresponding company free of charge. For example, Swiss Life lets you hold its shares in its own custody account. The Swiss National Bank lets you hold shares in its own custody account.

Best regards from Moneyguru

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