Philip J Milton & Company Plc provides a well established and very competitively priced "direct instruction" share dealing service.
To take advantage of the service, simply call in and register. There is no fee for this. For Money Laundering purposes we shall require two forms of identity, such as a recent utility bill or bank statement, a driving licence and current Passport. In addition to enjoying an "execution only" facility, you will also receive the "Milton News", usually twice yearly, giving independent professional views on an array of national and international events and investment products and in-house facilities, too. Of course, registration places you under no obligation at all.
For registered clients, we can sell or buy UK shares instantly, provide contract notes within three working days and for sales, supply you with the proceeds in approximately ten working days. Sale proceeds can be paid to a nominated Bank or Building Society account, with prior written authority. The sale of certificated foreign shares does require a longer period for settlement.
The Company's direct computer link to the Stock Exchange provides the fastest share price facility in the area and offers up-to-the-second prices for all UK securities. The price for other shares is just a telephone call away.
We levy brokerage at 1.5% on the consideration - subject to a minimum charge of £22.50. However, charges on larger deals are usually negotiable. All purchases incur Stamp Duty at the rate of 0.5%. Our share dealing department checks all supporting documentation before we despatch it. We monitor receipt of new certificates issued following a share purchase and balance certificates after sales.
We are also happy to refund all brokerage charges on sales providing the proceeds are reinvested within one of our independently Managed ISAs or Portfolios within an appropriate timescale. There are no direct ingoing charges to our Managed funds either. Full details are available on request.
As a client, you would be registered automatically and should receive full details of any new Government Privatisation issues in which we would expect to become involved. Having been appointed a Government Share Shop on many previous occasions, we were instrumental in giving local people easy access to the rewards of privatisation issues including, British Telecommunications Plc, National Power Plc, Powergen Plc, Railtrack Plc and British Energy Plc. We have also been appointed (sometimes exclusively for this area) to act as an intermediary for some of the larger company flotations. These have included Somerfield Plc, William Hill Plc and Investec Plc.
Clients can also expect to receive free and practical assistance with the completion of all supporting documentation and in the general administration of share holdings. We can arrange to transfer share holdings from one name to another, usually without cost. We can give clarification whether old share certificates are still valid. Advice on "Free Shares" and how best to consider their Tax implications is also available! We can obtain replacement certificates, subject to Registrars' administration charges. We can provide documentation, where necessary, for foreign stocks, too.