BNY Mellon Shareowner Services has improved its plan administration service. The firm’s transfer agent clients can provide their stock plan participants the same account management tools and flexibility that have been available to their employee plan participants. BNY Mellon will also offer greater flexibility in the disbursement options available from these sales transactions. Participants, who sell stock through one of the new market transaction methods, will get their proceeds by check or wire in either U.S. dollars or one of the 28 different foreign currencies.
Click here for the release from PR Newswire.