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Author: Amatorem Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 27818  
Subject: Re: Best Brokers for DRIPS Date: 11/18/2011 12:26 PM
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Ok. So, 30 minutes later I think I have a decent answer to my own question:

The SEC helpfully tells you the various ways in which to hold shares:
http://www.sec.gov/investor/pubs/holdsec.htm

Of the two ways to get the shares registered in your name the Direct Registration System seems to make the most sense so that you don't have to hold physical certificates and you avoid the fees brokerage firms charge for issuing/depositing certificates.

Next step is to find a discount brokerage firm that participates in the DRS and allowes (free?) transfers.

Scottrade seems to meet this criteria: "No-cost, value added services include:... Incoming / outgoing direct registration system (DRS)"
http://www.scottrade.com/online-brokerage/trading-fees-commi...

Hope this helps somebody else and if anybody can find a less expesive way to accomplish this, please let me know!
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