I own some shares with Comsec, which is a CHESS sponsorer, so i get to have shares under my "Own Name". How different or risky is it if i chose to transfer over to a different broker who keeps the shares under "Street Name"?
My main motivation to move away from Comsec is the brokerage costs!
Do you think, an investor should spread the risk/reward, i.e. spread the share portfolio between "Street Name" broker (lower brokerage) and "Own Name" broker (higher brokerage)?
any suggestions would be helpful?