The Phillip Investment Custodian Account is a sub trading account which provides you with the ability to trade shares and unit trusts online.
As all securities transacted through this Custodian Account will be cleared through the Phillip Nominees Account, all share purchases and subsequent sales must also be conducted through this account.
Benefits and Advantages
The main benefit and advantage are that Custodian Account holders will only have to turn to Phillip Securities to look after all their shareholdings, including Singapore and foreign shares traded via this account. For matters regarding corporate actions, including cash offers, bonus share issues, and dividend payouts, you can simply check with Phillip Securities, as we are the custodian of your shares.
Hence, Phillip Investment Custodian Account is useful for foreigners residing outside of Singapore , or anyone who wishes to enjoy the convenience and benefits of liaising with only one single custodian for all their shares.