Cashing in stock certificates.

[severeuke]

I have family in Edmonton Canada that wants to cash in stock certificates. Can anyone recommend the most convenient way to do this. They don't have an account at any broker. Is there a specific one that offers this service?

Thanks friends.

[ToBeSelfEvident]

Your bank (or their bank) may offer brokerage services. If so, that would be simplest.

[NotTheOne]

Check on the company's website to see if they have a stock certificate holding program. If they do, talk to them. You can mail the certificates to them. Once they are on the company's books, in the certificate holding program (you either get a statement in the mail or go online to verify), ask them to sell them. They will do this with a minimal fee, usually cents per share. It's a slow process and you can't choose the time of sale (best price), it's determined by the program. But it is the least expensive way I know. I did this when my mom wanted to sell her stocks. My broker said she would have to open her own account to sell them. So I did it that way.