Transfer Agent Reviews
There are a lot of details involved with each of these tasks. If you’re interested in learning more about Transfer Agent duties, head over to our blog. However, we’re going to focus now on what makes a good transfer agent. If you’re interested in working with one, you’re going to want to know how to choose.
Table of Contents
1. A Good “Fit”
It is important to find an agent who has goals that match with yours. For example, maybe you aren’t looking for someone who is striving to grow and become the industry’s top Transfer Agent. Instead you are looking for someone who will stay with your business. It’s smart to look for a Transfer Agent that will be loyal to your company. Over time they’ll be familiar with your work. It’s easier to develop a long-lasting trust.
Make your needs clear from the start. Ask many questions to get a better sense of who they are.
2. A Reasonable Quote
Sometimes you may be quoted a number that looks outrageous at first. However, upon examining the breakdown you’ll find that it covers a great deal of services. Sometimes that large number is actually just a large number. In this case you should inquire as to what the cost is based on and if it can be adjusted to suit your budget. An agency should offer you a reasonable quote. The agency should respect that each of their clients has their own financial limitations. You’re no different.
3. Positive References
It is always recommended to check with existing clients to verify the company’s assertions for cost containment, as well as to just check on their client relations. Does the agency really share their savings and printing discounts with their customers? Only a current customer will be able to verify that for you. If you are looking for a reputable agency, asking friends and checking online for positive reviews and references can point you in a good direction.
4. Openness to Answering Your Questions
A reliable agency will respond earnestly to any questions you ask them as opposed to answering some and dodging the ones they don’t want to answer. For example, try asking them what clients they lost within the past year and why. This is a tough question as it might make them own up to a fault of theirs that you might not want to work with, or maybe you will completely understand and be able to move forward with your partnership.
5. Desirable Policies
When looking at a proposal and subsequent invoices given to you by agencies, they can be a bit tough to look at with the many individual line items. To make this easier to absorb, ask the agent to bundle their fee categories. However, it is important to pay attention still and make sure things aren’t “over” bundled where you lose track of what services you are paying for.
Check with your agent to make sure that their disclosure policies are up to your standards. Choose an agent that you believe will be professional and follow all regulations and procedures. At Easy Stock Loans, our team prides itself on our disclosure to clients. We strive to keep our clients informed throughout the entire process, so when a potentially threatening quorum comes about, they will not be taken by surprise.
