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Shareholder voting - Consumer Platforms

As a shareholder in an investment company, you have a say on how that company is run.  However, it isn’t always obvious how to exercise your right to vote when you hold investment company shares on platforms.  To help, the AIC has asked the lang cat, a platform consultancy, to provide up-to-date information on how to vote your investment company shares on some major platforms.

If you invest with a financial adviser and would like to vote your investment company shares, please consult your adviser about how to go about it.

  Can I vote my shares? Is there a cost? What do I have to do? What information do I need to provide? What if I have different accounts with the same platform? (ISA, SIPP, etc.) How much notice do I need to give the platform? Further information provided by the platform
AJ Bell Youinvest Yes No For resolutions that could have a significant effect on a customer’s shareholding (i.e. EGMs, special resolutions at AGMs or corporate actions such as M&A proposals) AJ Bell alerts customers via their account and enables them to vote online. For standard AGM resolutions that are unlikely to have a material effect on the customer’s shareholding (ie director re-elections etc), customers can request to attend the meeting in order to vote or vote by proxy and AJ Bell will process this for them.   Enabled online so customers can self-serve. Customers do not need to notify for each account. As much notice as possible but at least 5 days. FAQ - How do I attend and/or vote at an AGM or EGM?
Barclays Smart Investor Yes, you can vote either by proxy or in person at the AGM/EGM. No You can log into your account online and confirm by secure message if you would like to vote by proxy or attend the AGM/EGM in person. Alternatively, you can contact Barclays by phone, complete their security process and then let them know that you would like to vote by proxy or attend the AGM/EGM in person. You need to confirm how you are voting for each of the resolutions being voted on at the AGM/EGM. The platform will record your wishes in respect of your full holding provided this is what you confirm. For example, if you have a holding of 1,000 shares split across an ISA and a SIPP and would like to vote in favour of all resolutions, this will be reflected in Barclays' nominee response. 5 working days prior to the meeting for a proxy vote and 7 working days in advance of the meeting if you would like to attend. Typically on a customer account when there is a corporate action, there is a flag available beside each asset line to alert the customer of a corporate action pending – from there they can follow the link to read more and log their response. See further information.
 
BestInvest Yes No Bestinvest can facilitate both voting and attendance at shareholder meetings via its custodian (SEI) on your request either in writing (secure message, email or by post) or by phone. For resolutions on corporate actions that will have an impact on your holding, e.g. M&A or wind-up proposals, Bestinvest will proactively alert you. For standard resolutions, voting by proxy is facilitated upon request. You will need to confirm to Bestinvest whether or not you wish to attend the meeting in person. You will need to confirm the resolutions you need to work on and how you wish to vote. Bestinvest will take a single instruction across all of your accounts so that you can vote across your whole holding without having to issue multiple instructions. 6 working days notice is required by Bestinvest's custodian. Anything less than this will be on a best endeavours basis. N/A
Charles Stanley Direct Yes, shareholders who have a nominee account with the platform can vote their shares. Crest Sponsored Members vote directly with the registrar. No You send Charles Stanley a secure message via your online account with your clear instruction and they then handle it from there by submitting the instruction electronically via Crest.   You need to provide the name of the stock along with your clear instructions stating how you wish to vote on all the resolutions. If you hold shares in more than one account with Charles Stanley, then they require a separate instruction for each. The instruction must clearly state the account number to which it relates. At least 5 business days prior to the meeting. Otherwise, there may not be sufficient time to get the vote submitted with the registrar. N/A
Fidelity Personal Investing Yes. No You need to opt into the shareholders' rights service online. From there, you will receive notifications of meetings for each asset you hold. You can then vote online for all resolutions under discussion in that AGM. Nothing extra is required once you have opted in. You can vote for all accounts simultaneously. Example timings might work as follows - you are notified of a meeting on the 16th of the month, the meeting is scheduled for the 28th of the month, and the vote deadline day is the 22nd of the month. N/A
Hargreaves Lansdown Yes No You can let Hargreaves Lansdown know by calling the helpdesk, emailing or sending a secure message. There is no form to fill in, you just tell Hargreaves what you want to do and they will follow your instructions. You need to be clear about how you want to vote.  You need to give instructions for each account you have with Hargreaves Lansdown. 5 working days to allow time to bulk votes and process. Corporate Actions - FAQ
HSBC Yes No You can either call the share dealing help desk or send a secure message from your online share dealing account confirming the voting details.  No form to fill in, you just need to tell HSBC what you want to do for each stock. The votes are then bulked and sent to HSBC's custodian.  You need to give instructions for each account you have with HSBC. As much notice as possible but HSBC deadlines are 2 days prior to the market deadlines to allow it time to collate and submit.  N/A
Interactive Investor Yes No You can sign up to the voting and information service, which enables you to receive shareholder materials and vote on decisions directly affecting your UK registered shareholdings. You will then receive notifications when new documents are available. When you are ready to vote, you log in to your account where the options will be presented in your voting mailbox and you vote according to your preferences. Sign-up is within your secure account. The sign-up process is a straightforward tick-box process, you just need to confirm your email address. You need to sign up to the voting and information service for each account you have with Interactive Investor. Broadridge, the platform's voting and information service, sets its own deadlines that a customer has to adhere to in order to get their vote processed. Individual forms are sent to customers relating to each individual shareholder vote, explaining what options customers have, how to fill in the details and setting out relevant deadlines. 
The Share Centre Yes No Go to 'Company meetings & voting' online, then ‘Companies I hold shares in’, click on ‘Details’ to the right of the meeting you’re interested in, and then follow the instructions. Please ensure you click on the confirm button after you’ve recorded your vote. The deadline for voting will be shown. If you can’t find the meeting details you’re interested in or you’re unable to vote, please contact The Share Centre's shareholder rights team on shareholder.rights@share.co.uk or 01296 41 46 80. Login details: customer reference and password. The instruction is actioned at the customer level, so all accounts under each customer reference are included in the instruction. Voting is open until 2 days prior to ‘last date to appoint’ this is usually 4 days prior to the meeting. Corporate actions - shareholder voting

Source: AIC/the lang cat (last update 09/01/20)

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