MSI's UK South Coast law member Lester Aldridge is pleased to announce it is the first law firm in the UK to be authorised to act as guarantors under the US Medallion Signature Guarantee STAMP programme.
To complement the firm’s specialist services in assisting executors and beneficiaries around the world with administering estate assets located in North America, Lester Aldridge has now extended its offering and is an authorised guarantor to handle Medallion Signature Guarantee applications, without having to refer any part of the process to a third party. When an individual with shares in North America passes away, a Medallion Signature Guarantee is usually required by transfer agents to guarantee the authority of the person signing the transfer forms. The Medallion Signature Guarantee is a barcoded stamp, which also provides a certification that the signature being guaranteed is genuine. It is a statutory requirement when managing the sale or transfer of shares and mutual funds in North America. The Medallion acts to limit the liability and loss by safeguarding against forged signatures.
Oliver Phipps, Partner and Head of the International Private Client team at Lester Aldridge commented: “