Gifted Stock Portfolio Report: Conoco Phillips (COP)
Stock Portfolio Report
Recently, my wife was gifted Conoco Phillips (COP). I began tracking the stock in April before the transfer of the gifted stock. Since then it is up around 15%. The actual transfer came about in early May and since then COP has increased around 12%. This is the good news.
The bad news was the because the stock was gifted it was automatically put into an account with Mellon Investor Services. I do not have a problem with Mellon, but I have never dealt with them before. The letter my wife received stating the gifted stock transfer occurred was short and vague. My wife signed up for online access to her account and that has not offered any answers. We have sent an email proposing some specific questions and their support team did not directly answer those questions. Therefore, it has been a bumpy start to the financial relationship. Now my wife will need to call their 800# and get the answers we need so we better understand our new account with Mellon.
Written by Nagel on June 6th, 2007 with
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