A veteran of the United States Air Force, Ricky Mantei now serves as the branch manager of Centaurus Financial, Inc., in Lexington, South Carolina. Ricky Mantei works closely with a large team of representatives to connect clients to their ideal financial products, such as American depositary receipts (ADRs).
American depository banks issue ADRs, which are negotiable certificates that represent a specific number of shares of a foreign company’s stock. ADRs trade on stock markets like domestic shares and are a way for American investors to purchase overseas stock. Generally, ADRs are categorized as either sponsored or unsponsored.
Banks can issue a sponsored ADR on behalf of a foreign company. A sponsored ADR represents a legal arrangement between the bank and the company. Often, the company pays the cost of listing the ADR and retains control of it while the bank manages investor transactions.
Banks can also issue unsponsored ADRs, which do not require partnership or even permission from the foreign company. With sponsored ADRs, there is only one investment opportunity, but various banks may all offer unsponsored ADRs for the same company.
Securities and advisory services offered through Centaurus Financial, Inc. Member FINRA and SIPC, a Registered Investment Advisor. Centaurus Financial, Inc. and Cola Wealth Advisors are not affiliated companies. Please visit Cola’s website for more information: https://www.colawealthadvisors.com/.
American depository banks issue ADRs, which are negotiable certificates that represent a specific number of shares of a foreign company’s stock. ADRs trade on stock markets like domestic shares and are a way for American investors to purchase overseas stock. Generally, ADRs are categorized as either sponsored or unsponsored.
Banks can issue a sponsored ADR on behalf of a foreign company. A sponsored ADR represents a legal arrangement between the bank and the company. Often, the company pays the cost of listing the ADR and retains control of it while the bank manages investor transactions.
Banks can also issue unsponsored ADRs, which do not require partnership or even permission from the foreign company. With sponsored ADRs, there is only one investment opportunity, but various banks may all offer unsponsored ADRs for the same company.
Securities and advisory services offered through Centaurus Financial, Inc. Member FINRA and SIPC, a Registered Investment Advisor. Centaurus Financial, Inc. and Cola Wealth Advisors are not affiliated companies. Please visit Cola’s website for more information: https://www.colawealthadvisors.com/.
