To CHESS or not to CHESS, that is the question.

In by jden reddenLeave a Comment

jden redden

I wanted to hear your thoughts on CHESS vs issuer sponsorship.

You guys have said you use IG Markets as your broker which for ASX shares charges $8 brokerage, but they are Issue Sponsored. And other brokers such as SelfWealth are a bit more expensive $9.50 however they are CHESS Sponsored.

Are you guess concerned about having custodial shares vs direct ownership? How would you advise to new investors. Especially, if they intent to hold the position long, i.e., maybe longer than the company stays in business that has custody of your shares.