what is the nominee ?
a nominee is an individual or business chosen to manage assets or undertake transactions in say securities or other assets on behalf of another individual or business which retain ownership of the asset in question for example a nominee account is often used by a stockbroker to hold shares that belong to its clients allowing the stockbroker to buy or sell shares on the client s behalf this gives the stockbroker the necessary control to conduct transactions while ensuring the client retains all rights over the securities such as voting rights and dividend entitlements 