Raising equity for local SMEs, Investbx incorporates a stock market for West Midlands based companies. Investbx share dealing and investment advice services are provided and administered by The Share Centre Limited
A Share Account gives you a straightforward way to buy and sell shares and other stock market investments.
Shares you already hold elsewhere can also be transferred to your account, whether they are paper certificates or in another nominee account: having all your stock market investments in one place makes it easy for you to keep your eye on them.
Share dealing isn't right for everyone. Share prices, their values and the income from them can go down as well as up and, when you sell them, you could get back less than you initially invested.
As an account holder you have direct access to plain-speaking experts for practical advice on using your account.
You can pay into your account in a number of ways:
- lump sum - online or over the phone by debit card, by sending us a cheque, or by direct transfer from your bank.
- regular investment - by direct debit.
Once you've paid in, you can use your money straightaway to buy shares or other investments. There's no need to wait for deposits of up to £25,000 at any one time to be 'cleared', though larger amounts will only be available after clearance, which normally takes 3 working days.
All the money paid into your account is shown on your half-yearly account statement, along with dividends received, the proceeds of sales, all withdrawals of cash and purchases of investments. You can also view your account statement and transactions online at any time.
Cheques you pay into your account must be drawn on your bank account as, due to anti-money laundering regulations, we are unable to accept cheques from third parties.
When you've sold shares and want to withdraw money from your account, we'll normally pay it straight to your bank account.
If you've paid into your account by debit card, withdrawals will be made back to the account linked to that card.
If you require a cheque payment we can send you one. For your security, cheques will always be payable to the account holder. There is usually a small charge for this service. You'll find full details in Costs.
During market hours, you can place orders online at any time for immediate dealing.
You can also place an order outside market hours, to be dealt shortly after the market opens. If you place an order when the market is closed, it is generally a good idea to set a price limit as share prices can fluctuate quite widely when the market opens.
Sale orders are placed online.
We can also sell certificated shares for you, through our postal service, then pay the proceeds directly into your account. We're on hand to answer any questions you may have, but if you're not sure whether the service is suitable for you we'd recommend you seek independent advice.
From time to time events may take place that affect your investments. This could be a takeover of one company by another, a merger between two businesses, an opportunity to buy more shares at a special price (a rights issue) or any other change that affects your shareholding.
Whatever the event our Corporate Actions team will let you know about it, explain your available options and ask for your instructions. All this is handled at no additional cost, as part of the overall account service.
