Anonymous
What do you think on online brokerages that levy a fee on dividend payouts? seems like an outright cash grab, considering brokerages already charging transaction & custody fees etc. Any factors/blind spots that you would consider when choosing a online brokerage?
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Gabriel Tham
23 Dec 2018
Tag Team Member at Kenichi Tag Team
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If custody is under CDP then usually there is no dividend charges.
However, if you open a custodian account, there might be dividend charges because the bank or brokerage has to process the admin and company actions.