A Medallion Signature Guarantee (MSG) is a type of certification which ensures that the signature authorising the transfer is genuine and the signatory has legal authority to sign, offering peace of mind to all parties within a transaction.

If you are arranging the transfer, sale or transmittal (due to a company takeover) of securities, or a change of name of the holder, a MSG provides assurance that the signature on the transaction is genuine and by the appropriate person; this is mandated by the financial institutions handling transactions of this type.

Are you using an organisation which is part of the Securities Transfer Agents Medallion Program (STAMP) as suggested by the
U.S Securities and Exchange Commission?

Fraser and Fraser is a certified STAMP guarantor; we hold our own Medallion Signature Guarantee stamp for transactions of up to US$1,000,000. 

Which transactions Require the
Medallion Signature Guarantee stamp?

  • Examples include, but are not limited to:
  • Transferring of US or Canadian stocks, shares, bonds, mutual funds, liquidating funds
  • Transfer of jointly-held assets into a sole holder’s name
  • Updating the name on investments (e.g. from maiden to married name)
  • Letters of Transmittal
  • Wire Transfers
  • Affidavit of loss
  • Inherited IRAs (Individual Retired Account)
  • Redemption requests from US or Canadian accounts

How much does it cost?

Each application is assessed on a case by case basis and we will advise you of the necessary documentation required in response to individual enquiries. To protect our interests and that of our clients, ID checks must be performed before we can issue a Medallion Signature Guarantee.

from £195 per line of stock


For more information on exactly how we can help with your Medallion Signature Guarantee, please visit our stand alone website.


  • Examples include, but are not limited to:
  • American Stock Transfer & Trust Company (AST)
  • Broadridge
  • Computershare
  • Continental Stock Transfer & Trust
  • CST Link Group
  • EQ (Shareowner Services), formerly Wells Fargo
  • Nevada Agency and Transfer Company (NATC) 



Transferring Canadian and US shares

Dan Willoughby died in January 2016 in London and his last Will and Testament was probated, a Grant being issued to the named executor of his estate John Thomas.

As the personal representative of Dan Willoughby, John Thomas contacted Fraser and Fraser regarding shares which formed part of the estate. There were $3,000 worth of Evolution Petroleum Corporation shares and TransGlobe Energy Corporation shares worth $8,000. In order to deal with the sale of these holdings, John Thomas as executor of the estate first had to transfer the shares.

The transfer agent Computershare Canada required that their signed securities transfer form in relation to the TransGlobe Energy Corporation shares be guaranteed by an eligible guarantor and similarly Continental Stock Transfer & Trust provided John Thomas with an Irrevocable Stock Power Form requiring a guarantee signature. An eligible guarantor would be a member of one of the acceptable Signature Guarantee Medallion Programs (STAMP, SEMP, NY SEMP).

Being a member of the STAMP program, Fraser and Fraser were able to apply the required Medallion Signature Guarantee stamps to the applicable forms. These forms were required by the transfer agents to transfer the $11,000 worth of holdings to the executor who then arranged their subsequent sale so that the proceeds could be distributed in line with the Will.


Couple die 24 hours apart and leave Cadbury* shares in limbo

Bernard and Clara Kempson lived in Lancashire and spent many decades together, and had a baby girl a few years after tying the knot. With both passing away so close to one another, the terms of their Wills meant that their daughter, Lesley, would inherit their legacy.

The value of the estate was made up of many parts, and whilst the administering solicitors could deal with most, the North American shares owned by the Kempson couple proved difficult.

As Fraser and Fraser have worked with intestate and testate cases, we often see UK residents holding various American shares, such as health care company Johnson & Johnson, investment management firm Invesco, Kraft Heinz and IBM.

The solicitors in this case had long been trying to arrange a Medallion Signature Guarantee as the shares needed to be transferred and sold to complete the administration of the Kempsons’ estate. We were able to arrange the signature guarantee which enabled the transfer to take place and the executor effectively sold the holding worth £43,000.

* Cadbury was acquired by Kraft Foods Inc (April 2010). Kraft Foods Inc later completed a demerger of its North American grocery business and the name was changed to Mondelez International Inc; the demerger also resulted in shares in the subsidiary company Kraft Foods Group Inc. (October 2012)


frequently asked questions (FAQ)

With a broad range of experience in dealing with a variety of holdings and an understanding that each case is different, Fraser and Fraser offer a service tailored to your needs. With an ability to arrange Medallion Signature Guarantees in relation to stock and shares paperwork, we are ready to help you.

to find out more email us
Or visit our dedicated medallion signature website