Is it possible to transfer shares between stockbrokers?

[Bibby]

Last year I bought shares through one of the leading stockbroking firms in Ireland. This year when I got my yearly statement I see that almost 100% of the dividend that I earned on these shares went on charges to this stockbroking firm just to hold these shares (I did not do any buying or selling after initial transaction). I also have an online account with a US stockbroking company which I find extremely satsifactory and whose charges are minimal.

My query is, is it possible to transfer these shares to this US stockbroking company without having to sell the shares. If so, how do I go about it?

 

[sharecarer]

Bibby, you should contact your broker and tell them that you wish to transfer your shares to another broker. You should be able to do this pretty easily via a stock transfer form - it's simply changing the name under which your shares are held.