Hi stash, attached link to a good article on nominee accounts. As you stated people appear to not understand nominee accounts.
I like the prying individuals comment maybe it can relate to posters on HC?
“5. Nominee accounts provide more privacy
If you’re extremely wealthy and do not want to let your prying wife or husband know you have substantial wealth parked in stocks for whatever reason, then investing through a broker’s nominee account will shield your identity. Your name will not appear on the shareholder list since your shares are held in a nominee account.
5. Nominee accounts provide more privacy
If you’re extremely wealthy and do not want to let prying individuals know you have substantial wealth parked in stocks for whatever reason, then investing through a broker’s nominee account will shield your identity. Your name will not appear on the shareholder list since your shares are held in a nominee account.
The fifth perspective
If your priority is to save on brokerage fees (and keep a low profile), then a nominee account makes the most sense.”
