Can you buy shares on behalf of someone else?

You can: Direct DIY – open an online stockbroking account and start trading. Direct Broker – use a stockbroker to buy and sell shares on your behalf. Indirect via Asset Manager – typically in the form of a Unit Trust and the Asset Manager makes the decisions.

Can I buy shares in someone else name?

Stocks can be given to a recipient as a gift whereby the recipient benefits from any gains in the stock’s price. Gifting stock from an existing brokerage account involves an electronic transfer of the shares to the recipients’ brokerage account.

Can you invest on behalf of someone else?

While the gears in your head are spinning, let me just state the answer in its simplest form: You cannot trade securities for others without becoming licensed as an investment professional. Investment professionals must be registered with the Securities and Exchange Commission or have a federal license.

Can someone buy shares on my behalf?

Such investors can use a power of attorney to make their investments. By signing a power of attorney document, you can assign a person to carry out investments on your behalf. The POA provides that person with the power to sign all investment-related documents on your behalf.

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Can I gift shares to a friend?

You can gift stocks, ETFs, and gold bonds from your demat account to anyone completely online. If the recipient does not have a Zerodha account, they can create a new account and receive the gift. Enter the name, mobile number, and email address of the recipient.

How do I transfer shares to a family member?

How to Implement an Estate Freeze

  1. Step 1: Create a Family Trust. …
  2. Step 2: Cancel your old shares in your company in exchange for new preferred shares. …
  3. Step 3: Issue common shares in your company to your newly created Family Trust.

Is it illegal to trade stocks in someone else’s name?

Yes. You do have to have that person’s permission of course. One way to do it is to get a power of attorney. Then you can basically trade stocks on that person’s behalf.

Can I invest on behalf of someone else UK?

You must make sure: the adviser knows you’re acting on someone else’s behalf. you assess the risk and person’s circumstances with the adviser. the cost of the adviser is an appropriate use of the person’s funds, for example, you should not pay £1,000 for advice when there’s only £5,000 to invest.

Is investing in stocks Legal?

Insiders are legally permitted to buy and sell shares, but the transactions must be registered with the SEC. Legal insider trading happens often, such as when a CEO buys back company shares, or when employees buy stock in the company where they work.