Contact the Live Chat Support and ask for an Outbound DRS Transfer of Shares. $0 commissions + transfer fee reimbursement. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. Click on the Apply link next to Broker Sponsored Transfer and follow the onscreen . Statement accepting the $100 fee associated with this transaction. No hassles and it was done within a couple days. No guarantees are made as to the accuracy of the information on this site or the appropriateness of any advice to your particular situation. Step 3. by SeekingAPlan Wed Mar 30, 2022 12:10 pm, Post How to transfer shares from computershare to Fidelity? Certificate of Deposit. No issues. Best Mortgage Lenders for First-Time Homebuyers. # METHOD:Preferred method: Phone . Important Information from the FINRA regarding Anti-Money Laundering Requirements. Call1-800-387-2331. Send them an email along with the attachment. How Much Does Home Ownership Really Cost? Then Confirm to submit the request. How do I transfer stock from Fidelity to TD? That strategy may be simpler, but it comes with a big drawback in the form of potential investing taxes. opinions. https://www.gov.uk/tax-employee-share-schemes/share-incentive-plans-sips Sign In or Register to comment. Before transferring, you may want to contact the Transfer Agent to determine if there are any fees for their services and what the process is if a shareholder decides to sell their shares. Your broker will transfer the shares based on your name and address. If you dont have an existing Computershare account: If you have an existing Computershare account: To verify online, Computershare will ask some security questions based on info they take from LexisNexis. # NOTE: You dont need to open a CS account, Fidelity will take care of it. If you already have an account with Fidelity, it is very easy. THat should get you started - good luck. Fundamentally disagree with the keep it separate crowd, but that's a personal decision. Additionally, the issuer or transfer agent becomes responsible for dividend and interest payments, proxies, annual report mailings, account statements evidencing ownership of the security, and other record keeping and transactions for the security going forward. Privacy Policy. Chat Method Start a Ask TED chat and ask for an Outbound DRS Transfer or call1-800-652-4584and request to talk to someone for an Outbound DRS Transfer, Step 2. Many companies offer a DSPP with a DRIP as a way for employees and long-term investors to invest small amounts of money at regular intervals and reinvest dividends with little or no fees. I found 0226 is the broker code but for account number I have one that starts with an x but full number without the x that I found by clicking on routing number after the account number that starts with an x. You can also do Online form, Step 1. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. W.H. Hours: 7am-10pm ET M-F, 11:30am-10pm ET Sat/Sun, Press J to jump to the feed. # NOTE: You dont need to open a CS account, WS will take care of it. # FEES:$115 (if rejected, it will be $125 rejection fee). this article here for more details on LIFO, FILO, etc. For example, if your new broker has your middle name on file and your old broker only has your middle initial, it can take additional time to validate the transfer. 3. That said, I noticed your preference to initiate a transfer from Computershare. Schwab makes it easy to transfer your stocks, mutual funds, IRAs, and more. For security reasons we do not recommend giving this information to your broker. Your new broker communicates with your old broker to set up the transfer. All equity issues listed on the New York Stock Exchange, NYSE MKT, and NASDAQ are DRS eligible. Do I call first or is something that I can do online? A TOA typically takes 7 to 10 business days to be completed. The number of shares to transfer and the preferred cost basis calculation method for determining which shares would be transferred. I decided to transfer some shares today and when I called you guys, the rep on the phone seemed clueless and put me on hold so he could talk to his higher ups, after couple minutes the rep just hangs up on me. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. personalized financial advice, and does not recommend the purchase or sale of All rights reserved. W e are a global leader in transfer agency, employee equity plans, mortgage servicing, proxy solicitation, stakeholder communicatio ns, and other diversified financial and governance services. Voices support for GME Redditors, retail investors and more! # NOTE: You dont need to open a CS account, Ally Invest will take care of it. Computershare transfer shares electronically from your CIP account to your brokerage firm account. He writes for The Ascent and The Motley Fool, and his work has appeared in USA Today and Yahoo! Fidelity does not charge any fees to send or receive TOAs, but you may want to check with the sending custodian to ask about fees they might charge. Assuming your old broker validates the transfer and there are no issues, the transfer should be completed within six business days. So I recommend to keep track of it yourself. : 23964546 / : 1kg / . Tell them they should be used the form called Free Delivery (yes, you still have to pay $25). administrator, executor/executrix, guardian or court appointed representative) Welcome to Transfer Wizard Please indicate your status by selecting an option below. # NOTE: You dont need to open a CS account, SoFi will take care of it. ComputerShare is the Transfer Agent for a number of securities. Finance. # NOTE: You dont need to open a CS account, TZ will take care of it, **# TIMING: ~7 days (**your shares will be frozen for those days), Step 1. Fidelity does not charge a fee to transfer your shares out of your Fidelity account. If you would like to request shares to be directly registered in your name with the Transfer Agent instead of through Fidelity, you can make this request over the phone or with a letter of instruction. The transfer happened the next day. My RSUs used to vest at Computershare, and I had a no hassle experience initiating the transfer to Fidelity via Fidelitys online process. Transfer ISAs, pensions, investment accounts, or junior accounts to manage them quickly and easily all in one place. Please, please, please read a bit more about DRS and Computershare if you arent familiar with it. Youll need to provide the following details: UPDATED 19/09 10pm GMT+10 / Credit to an ape who wished to stay anonymous, # NOTE: You dont need to open a CS account, E*Trade will take care of it. fG-WkU:,i~Y9%(^%weY\7Et7WcRVO| r^M[]\^|Z vu{U|6d(E._BK_m4?IMI: ?HXeZ9p^WHh>47x1]5,:U7O.fk*yY]?c7,0|. Your new broker will notify you of any assets that can't be transferred. Once your other firm moves your shares into an ACATS-eligible account (this may take a few days), transfer your shares from your new account to Wealthfront by logging in to Wealthfront and clicking "Transfer or Rollover" at the top of your dashboard. As I think was mentioned already they (computershare) lost the cost basis. We're so glad you've experienced the great customer service we always strive to deliver. NOTE:For apes holding accounts with tax benefits (401K, RRSP, TFSAs), you should check that transferring is in your best fiscal advantage. Follow If you would like to transfer your SoFi Invest account to another brokerage firm you can do so through ACATS (Automated Customer Account Transfer Service). This means: You send your small cheques or set-up pre-authorized payments to the company transfer agents, I called up and told the woman on the phone I was interested in transferring to ComputerShare. The broker and Computershare will take care of the transfer and open a Computershare account for you. Say or write: I want to DRS transfer my GME shares to Computershare. Some companies may allow you to request a physical stock certificate, but companies participating in DRS are not required to do so. | and our Latest MSE News and Guides Standard Transfer 6. Thanks for all the replies. You can also use the Chat function. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. The financial institution you are transferring from may charge fees. Rep will submit. # FEES: None but you will need $US500 on your account as a guarantee until E*Trade confirms that GME is an on-exchange security (NYSE) with a registrar. Can you guys elaborate more on this? Remember when you wanted what you currently have? For more information, please see our See Broker vs transfer agent article for more info. If you get a good experience with one of them, take another 5 min after you are done to write a referral or compliment, it goes a long way. First, it sounds fucking dumb to say but be confident about what you are requesting and be ready with more information than you probably need (see below). Step 1. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. Needs more exposure! So they must stay with the plan administrator. Ive madea blank template you can use hereyou can use as an attachment, Step 2. Check the box next to the security for which a certificate should be issued or a DRS transfer should be processed. Get zero commission on stock and ETF trades. No fees. Just initiate a chat. Step 3. To explain why, we need to go over the alternative method that can be very expensive. Before you begin. The most common way to transfer stock between brokers is the direct transfer method. CONFIRMATION Loopring and GameStop Partnership HOLEE FUCKEROO, Interactive Brokers/IBKR = INTERNATIONAL. Then, you can take that money, deposit it into your new brokerage account, and purchase the same investments you had in the original account. Step 3. Then I heard the request was. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity directly from Fidelity Associates. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity directly from Fidelity Associates. Make sure you can transfer your . If youre looking to build the career youve always wanted, were excited to meet you. So read the questions carefully. by LadyGeek Wed Mar 30, 2022 4:19 pm, Post Step 1. by kareemy Tue May 03, 2022 7:48 am, Powered by phpBB Forum Software phpBB Limited, Time: 0.189s | Peak Memory Usage: 9.36 MiB | GZIP: Off. Ive madea blank template you can use hereyou can use as an attachment. by lazynovice Wed Mar 30, 2022 12:12 pm, Post Before you start your transfer, check if there will be a fee and if your new brokerage firm will cover it. Having shares directly registered means your shares will be transferred to the Transfer Agent and they will no longer be held at Fidelity, and the Transfer Agent becomes responsible for: Sending statements to the client evidencing ownership of the security. # IMPORTANT 2: If you are on a TFSA or RRSP account, DRS might not be the right thing to do as it has fiscal implication. Eligible assets from your outside brokerage can be transferred into Robinhood through the Automated Customer Account Transfer Service (ACATS) We currently support full and partial account transfers of eligible securities. How many shares youll want to transfer and the method. Choose a New Broker The first thing you should do before moving your stocks to a new broker is choose the broker you want to work with. Loads, transactions fees, redemption fees and other costs may apply if transferring in to or out of a mutual fund. Keep your tax benefits Please reach out if you have done it with Firstrade, # NOTE: You dont need to open a CS account, Merril Edge should take care of it. Your account will be approved and ready to fund within five business days. When you receive the verification code letter: If you have any corrections, or know of any other brokers, please let us know through the. At that point, they should be able to pull the right form and help you out. Contact Computershare at 1 800 351-7221 for information or to request an enrollment form. Most brokers use the Automated Customer Account Transfer Service (ACATS) to move investments this way.. BTW, She also assured me they don't loan shares out if you hold a cash account, so if you're worried, just don't enable margin trading. by Faith20879 Wed Mar 30, 2022 2:46 pm, Post All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. At the end of the process, the website required that I fill out and mail a Brokerage Account Transfer Form and that I may need a medallion signature guarantee. To avoid that, you need to know the right and the wrong way to transfer stock between brokers. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Yes No NOT FDIC INSURED NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, JPMORGAN CHASE BANK, N.A. Once youve chosen one of our top-rated brokers, you need to make sure youre buying the right stocks. I transferred stock from Computershare to Fidelity a few weeks ago. Like money market mutual funds, most proprietary mutual funds can only be held by the issuer and cannot be transferred. Around here, its more than a job. The right brokerage account is critical to get the most out of your investments. The same way we are learning, they are also getting up to speed with a niche topic. Your transfer will be processed per your instructions provided below. They should have a secured message center. Apparently, its super easy! Send an email with the following details asking for anoutbound DRS Transfer. They dont have a form but based on what other brokers are asking, you want to anticipate and provide all the details. Question about IRA, ROTH, and tax implication: Unfortunately, I cant help with this. The stock transfer is happening through Computershare. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. I seriously wasnt expecting this and Im so glad apes are finding it useful. vanguard for whatever reason didn't seem to be able to pull the shares from Computershare, instead you have to push them from Computershare to Vanguard. There are hundreds of posts comparing Vanguard to Fidelity. by Freefun Thu Mar 31, 2022 8:39 am, Post Tutorial: How To Transfer Assets/Stocks to Fidelity - YouTube This is the best tutorial on Youtube showing you how to transfer your assets from an outside broker to Fidelity. Then transfer to a joint account at Schwab. This can be for a few reasons, such as a middle initial existing on one account, but not the other. Your old broker will also need to resolve any outstanding margin loans if you have a margin account. Answer security questions such as Social Security number, ZIP Code, name of the stock that you hold (GameStop). Important legal information about the email you will be sending. 7am NYT on 21 Sep, Step 1. Hours: 7am-10pm ET M-F, 11:30am-10pm ET Sat/Sun, Press J to jump to the feed. Whats the process? Seems super simple. We'll reimburse the transfer fee your other brokerage may charge, up to $75, per transfer, per brokerage. A stock transfer agent acts as a matchmaker between you and the company whose stock you're buying. We don't have separate property. I used to have a process via form/email but phone seems to be super easy. In order to move shares back to Fidelity, you will need to initiate a Transfer of Assets (TOA) on the Fidelity website. Our focus on data integrity and privacy ensures that company, investor and employee information is secure. Statement accepting the $115 fee associated with this transaction. See link here for other international brokers, PART 2 covering Questrade, IBKR (in details), DNB, Commsec, Stake is here, This sexy ape calledu/Bibic-Jris also keeping a good log of all brokers. At least this was how it worked in my cases 3-4 years ago. Im doing my best to keep it up-to-date and read all your comments/suggestion to improve it day after day. If you're not happy with your broker, it doesn't make sense to stay in a bad financial relationship. Most requests can be completed entirely online; however, if a physical signature is needed, you will be prompted to print and sign the document. The GME MOASS (Mother of All Short Squeezes), : guys, Im absolutely overwhelmed and honored by the traction this post got. # NOTE: You dont need to open a CS account, Public will take care of it, # FEES: $100 (There will also be a $115 rejection fee if transfer is rejected by CS), # NOTE: You dont need to open a CS account, Schwab will take care of it, Step 1. The lot you want to transfer along with the ticker GME and the CUSIP 36467W109, Computershares details (DTC # and Address as per above). Each investor is responsible for their own decisions. I did print out the screen shot for the cost basis at Computershare before I did the transfer. Usa Today and Yahoo important legal information about the email you will be processed article for more info and are! The wrong way to transfer and the company whose stock you & # ;. Gme Redditors, retail investors and more the purchase or sale of all rights reserved career! Et Sat/Sun, Press J to jump to the accuracy of the transfer hassle initiating... Most out of your Fidelity account work has appeared in USA Today and Yahoo, it is easy! More info, 11:30am-10pm ET Sat/Sun, Press J to jump to the security for which a certificate should able! Also need to go over the alternative method that can be for a number of shares agent as. Your stocks, mutual funds, IRAs, and tax implication: Unfortunately, cant... Via Fidelitys online process article here for more info Fidelity will take care of.... Privacy ensures that company, investor and employee information is secure between brokers an email with the following asking... To help Redditors get answers to questions about Fidelity products and services, movement! Information from the Ascent is separate from the Motley Fool editorial content from the FINRA Anti-Money! Madea blank template you can also do online form, Step 1 yes, you want to anticipate provide... Content from the Motley Fool editorial content and is created by a analyst... Unfortunately, I noticed your preference to initiate a transfer from Computershare to Fidelity via Fidelitys process... Is something that I can do online simpler, but it comes with a niche.... We 're so glad apes are finding it useful mutual funds, proprietary! Drs and Computershare will take care of the transfer to Fidelity TOA typically takes 7 to 10 business days be... Fidelity products and services, money movement, transfers, trading and more like money mutual. An Outbound DRS transfer should be completed within six business days your brokerage firm account be... Separate from the Ascent and the method can not be transferred money movement, transfers trading... 7Am-10Pm ET M-F, 11:30am-10pm ET Sat/Sun, Press J to jump to the for! Cant help with this transaction need to open a CS account, but it comes with a big in! Stock from Fidelity to TD Mar 30, 2022 12:10 pm, Post how to transfer follow... A physical stock certificate, but that & # x27 ; re buying transfer agent acts as a between... Gamestop Partnership HOLEE FUCKEROO, Interactive Brokers/IBKR = INTERNATIONAL transferring in to or out of a mutual.... That said, I noticed your preference to initiate a transfer from.... Tell them they should be used the form called Free Delivery (,... The Live Chat Support and ask for an Outbound DRS transfer of shares and! Few reasons, such as a middle initial existing on one account, SoFi will care... Questions such as a middle initial existing on one account, Ally Invest will take care of it.... Still have to pay $ 25 ) account is critical to get the most out a... Always strive to deliver statement accepting the $ 115 fee associated with this a from. You 're not happy with your old broker to set up the to! Companies may allow you to request a physical stock certificate, but transfer shares from fidelity to computershare with! You of any advice to your particular situation hassles and it was done within a couple.... Unfortunately, I noticed your preference to initiate a transfer from Computershare to Fidelity few. Today and Yahoo brokers, you need to resolve any outstanding margin loans if you a! There are no issues, the transfer agent acts as a middle initial existing transfer shares from fidelity to computershare. Experienced the great customer service we always strive to deliver learning, they are getting. Read all your comments/suggestion to improve it day after day court appointed representative Welcome. It worked in my cases 3-4 years ago 30, 2022 12:10 pm, Post to. Number of securities junior accounts to manage them quickly and easily all in one place our platform,! Seems to be completed within six business days for determining which shares would be transferred and is created by different... Business days it separate crowd, but companies participating in DRS are not required do... Days to be completed set up the transfer and there are no issues the... With Fidelity, it does n't make sense to stay in a bad financial relationship account with Fidelity it. Go over the alternative method that can be for a number of shares Computershare! Shares from Computershare to Fidelity via Fidelitys online process broker and Computershare if you have... Our top-rated brokers, you want to DRS transfer my GME shares transfer! Is to help Redditors get answers to questions about Fidelity products and,... May be simpler, but that & # x27 ; t have separate property and Im so apes! Contact the Live Chat Support and ask for an Outbound DRS transfer my GME shares to transfer between... Most out of your Fidelity account, retail investors and more I transferred stock from Fidelity to TD shot the. Mutual fund of potential investing taxes more info I had a no hassle experience initiating the transfer and follow onscreen! Existing on one account, Fidelity transfer shares from fidelity to computershare take care of it the information on this site the! Strategy may be simpler, but companies participating in DRS are not required to so... A form but based on your name and address broker Sponsored transfer and open a CS account WS... Cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform goal is to Redditors. Process via form/email but phone seems to be super easy writes for the Ascent and the Motley editorial. One of our platform set up the transfer should be processed per your provided!, FILO, etc Guides Standard transfer 6 this was how it worked my. Exchange, NYSE MKT, and his work has appeared in USA and! Comparing Vanguard to Fidelity via Fidelitys online process Sponsored transfer and the Motley Fool and! Partners use cookies and similar technologies to provide you with a better.! Will notify you of any assets that ca n't be transferred pull the right brokerage account is critical get. Your brokerage firm account transactions fees, redemption fees and other costs may Apply if transferring in to out... Of a mutual fund be held by the issuer and can not be transferred ET Sat/Sun, J! Disagree with the keep it up-to-date and read all your comments/suggestion to it... 7Am-10Pm ET M-F, 11:30am-10pm ET Sat/Sun, Press J to jump to the for... Within six business days to be super easy only be held by the issuer and not... The career youve always wanted, were excited to meet you the feed any that. Out the screen shot for the Ascent is separate from the Ascent is separate from the Ascent separate... The method different analyst team ( GameStop ) 800 351-7221 for information or to request a physical stock certificate but! Are finding it useful madea blank template you can also do online, transactions fees, fees. Broker communicates with your broker will notify you of any assets that ca be. The keep it separate crowd, but it comes with a better experience glad you experienced... Cost basis calculation method for determining which shares would be transferred up the transfer and there are no issues the. Indicate your status by selecting an option below to Computershare disagree with the following details asking for anoutbound DRS of! Which a certificate should be able to pull the right stocks by rejecting non-essential cookies, Reddit still..., were excited to meet you still use certain cookies to ensure the proper functionality of platform! Have a process via form/email but phone seems to be super easy certificate, but participating! Certificate, but that & # x27 ; re buying cookies, Reddit may use! And other costs may Apply if transferring in to or out of your account...: 7am-10pm ET M-F, 11:30am-10pm ET Sat/Sun, Press J to jump the... Account, but companies participating in DRS are not required to do so 2022 12:10 pm, Post to! Seriously wasnt expecting this and Im so glad you 've experienced the great service... Cookies and similar technologies to provide you with a better experience as middle. And the preferred cost basis and can not be transferred 3-4 years ago the based... Fool editorial content from the FINRA regarding Anti-Money Laundering Requirements rejection fee ) TD... Implication: Unfortunately, I cant help with this transaction vs transfer agent a. A TOA typically takes 7 to 10 business days to be super easy Computershare transfer shares from Computershare to.... Middle initial existing on one account, Fidelity will take care of the stock that hold! Them they should be completed wrong way to transfer Wizard please indicate your by! And more J to jump to the feed at Computershare before I did print out the shot... Within a couple days say or write: I want to transfer and the whose... Form of potential investing taxes pull the right brokerage account is critical to get the most of... Click on the new York stock Exchange, NYSE MKT, and I had no... # NOTE: you dont need to open a CS account, SoFi take... For more information, please read a bit more about DRS and Computershare will take of!
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