Hiring a transfer agent is one of the easiest ways to ensure that your stocks are all organized and ready. However, these agents can do much more for you. Large companies tend to offer stock options to employees, sometimes in place of other benefits. Therefore, you need to ensure that you’ve got a way to track that information. Choosing an agent with stock option tracking allows you to know what stocks are available and what they have included at that moment.
What the Package Includes
While each transfer agent is different and utilizes different stock option tracking software, you should look for one that can be accessed by employees. Because they may not know the lingo, it should be easy to understand and use. Each person should get an access portal (through a website or password) that allows them to view their individual statement. That way, the employee isn’t always calling you or the transfer agent to get access to their information.
Along with such, the stock option tracking program should keep complete and full records of all the information required. They have particular rules in place and must follow the government’s regulations, so they should already have the ability to keep track of all the information. However, it does help to know they are compliant so that you don’t run into complications or legal issues later.
You can also request customized reports, allowing you to see what information you need.
Considerations
When you’re considering which stock option tracking software to use, it’s best to focus on those that offer single sign-on options. That way, multiple users can access information at the same time. However, you also need to ensure that the software is secure so that all information is kept safe. You can ask your provider to install firewalls between public domains and production environments and set controls for each user, as well. Visit Colonial Stock Transfer for more information.
