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Glossary > B > "Beneficial owner" Definition

Beneficial owner

The true owner of a security or property which may be registered in another name.Many clients of stockbrokers, particularly those of online execution-only brokers, have "nominee" accounts. With nominee accounts, the shares are registered in the name of the broker, but the client is the beneficial owner.

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Beneficial owner - The true owner of a security or property which may be registered in another name.Many clients of stockbrokers, particularly those of online execution-only brokers, have "nominee" accounts. With nominee accounts, the shares are registered in the name of the broker, but the client is the beneficial owner.

Beneficial owner : the true owner of a security or property which may be registered in another name.many clients of stockbrokers, particularly those of online execution-only brokers, have "nominee" accounts. with nominee accounts, the shares are registered in the name of the broker, but the client is the beneficial owner.