Top Reasons to Select
IST Shareholder Services
Advantages Vs. In-House Transfer Agent
- You will be compliant with the IRS rules regarding cost basis which become effective January 1, 2011.
- You will deal with the actual ownership of the company which streamlines decision making.
- Your issue will be eligible for all electronic interfaces with the Depository Trust Company which accelerates processing and delivery.
- No cumbersome telephone menus – all calls are received by our expert "answerologists".
- Your corporate identity/logo will be shown on mailings to your shareholders.
- IST will disburse dividends from your own bank of deposit and reconcile quarterly.
- You will have mail loss insurance that covers lost certificates for up to one (1) full year from the date of issuance.
- Surety bond program to protect you and the shareholder on lost or stolen certificate replacements.
- You can initiate book entry transactions thereby eliminating certificate usage and minimizing future lost stock certificates.
- IST has an electronic interface with Stamp, Inc. to eliminate stolen or counterfeit medallions from being used.
- Stock certificates are printed with a security matrix to discourage fraudulent modifications to the documents.
- All transactions are backed up to our off-site servers nightly.
- You will have numerous proxy tabulations available such as plurality voting, majority voting, cumulative voting and confidential voting.
- Optional Internet and telephone voting is available.
- Optional client on-line access is available.
- Optional shareholder on-line access is available.
- You can initiate dividend reinvestment programs including safekeeping and cash contribution options.
Advantages Vs. Outsourced Transfer Agent
- Our fees are often 1/3 to 1/2 lower than other agents.
- You may or may not have a specifically designated person to answer all of your inquiries.
- You and your shareholders may have to navigate cumbersome menus and find it difficult to speak to a "person".
- Your corporate identity/logo may not be shown on mailings to your shareholders.
- Other transfer agents generally require dividend checks to be cleared through a bank of their choice.
- Your mail loss insurance may only cover a six month period for certificates lost in the mail.
- IST has no restrictive rules on when your mailing material must arrive in order to meet your deadlines.
- We continually price search vendors to control out-of-pocket expenses which are passed along to you.
- We perform annual purges of closed holders to keep "per account" fees to a minimum.
History
The Illinois Stock Transfer Company was founded by Samuel Insull who pioneered the expansion of the electric utility services in the early 1900’s. Initially, the company handled only his utilities, but today, all types of businesses and industries are clients. After many years of ownership and management by Mr. Insull, the company was acquired by Middle West Service Co. In 1974, George D. Pearson purchased the company after managing it since 1968. Today, George’s son, Robert Pearson is the owner and day to day manager of the company. In 2010, Illinois Stock Transfer Company changed it's name to IST Shareholder Services.
Shareholder and client satisfaction is the most important goal.
