Share Data > Case Study > The Case of Canadian Securities
The Case of Canadian Securities

A UK-based Solicitor’s firm reached out to Share Data seeking our expertise. They required assistance with three Canadian Investments for an estate they were dealing with.

They instructed us to close two Canadian bank accounts and to sell the shares held in Great-West Lifeco with the proceeds being paid into the solicitor’s account.

To be able to successfully transfer or sell shares the validity of the share certificate/s must be confirmed. If the share certificate is not valid a new one will need to be obtained.

With Canadian and US Securities, the executor’s signature has to be guaranteed by a recognised Medallion Signature Guarantee Stamp provider such as Share Data, before a transfer agent will accept the transaction.

Share Data sent all of the documents required to the solicitor to enable us to stamp the stock transfer form required for the shares held. Once the shares had been transferred, we arranged for them to be sold through our UK Stockbroker and the proceeds paid into the solicitor’s account for them to deposit in the beneficiary’s account.

There were also deposits in two Canadian Banks and they required the UK Grant of Probate to be resealed in Canada which we were able to do. This was then sent to the banks with further documents to enable the accounts to be closed and the monies to be paid into the solicitor’s account.

The monies due to the beneficiary from the shares held in Great-West Lifeco and the two Canadian bank accounts were successfully deposited into the beneficiary’s account by the solicitors.

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Slide I have been extremely impressed with the service received and won't hesitate to both use and recommend share data's services in the future. Jennifer B, David Auld & Co Solicitors

16th August 2019

Slide My firm have used share data for their medallion guarantee services for foreign shareholders since the beginning of 2018 – each occasion has been efficient and successful which leads to happy clients. I would strongly recommend their services, with a special mention for teresa – who is friendly, helpful and gets the job done. Asset Manager

23rd August 2018

Slide Share Data's service is brilliant. Currently, sorting another one for you! Deanne Taylor, Smalleys Solicitors Ltd

8th November 2019

Slide Thank you for processing our Medallion Guarantee and for all of your assistance leading up to it. Share Data have a great service. Walker Crips Investment Management

6th August 2020

Slide I wish everyone was as quick and easy to deal with as you have been. It is truly a pleasure and a great contrast to most other financial service companies in Canada and New Zealand that I have dealt with in the past. Private Individual

26th November 2019