Transfer Agent

Transfer agent- It is a person who is appointed the reasonability and duties to be carried out by a company or mutual fund to maintain a shareholders records they include purchases, sales or the account balance. Normally a transfer agent is a bank or a trust company. Many of the larger companies have there own transfer agent on staff. They are the ones that monitor the companies or the investor's stock s, bond or other securities. A transfer agent usually safeguards securities owned a mutual fund as they act as the agent from that company they are sometimes called a mutual fund custodian.