04-29-2015, 08:03 PM
ComputerShare is the brokerage for my company's ESPP, and I must admit I am not a fan. The plan includes a $25 transaction fee for selling and receiving a paper check in the mail, and an additional $35 fee for direct deposit. Oh, and I've been told they charge $50 to transfer to another brokerage. 
As long as I sell every 6-12 months, I do well to take full advantage of the ESPP.
However, I just discovered today that CS charges ~3% to deposit dividends. In the grand scheme of things, fine, I can live with being charged ~$1.00-$2.00 to receive ~$50.00-75.00. The funds in the ESPP will not be kept there indefinitely, but only for the 6-12 months.
If the 401(k) didn't have a few good index fund choices, I'd go out of my mind.
Does anyone else (need to) use ComputerShare and deal with the same headaches? Are there any saving graces I don't know about?
As long as I sell every 6-12 months, I do well to take full advantage of the ESPP.However, I just discovered today that CS charges ~3% to deposit dividends. In the grand scheme of things, fine, I can live with being charged ~$1.00-$2.00 to receive ~$50.00-75.00. The funds in the ESPP will not be kept there indefinitely, but only for the 6-12 months.
If the 401(k) didn't have a few good index fund choices, I'd go out of my mind.
Does anyone else (need to) use ComputerShare and deal with the same headaches? Are there any saving graces I don't know about?