That may/may not be an issue for you. Step 3. In order to move shares back to Fidelity, you will need to initiate a Transfer of Assets (TOA) on the Fidelity website. Ive madea blank template you can use hereyou can use as an attachment. Despite the time it takes to transfer stock between brokers, it's by far the most cost-effective option. The most common way to transfer stock between brokers is the direct transfer method. If they ask you questions, or try to talk you out of it, simply repeat yourself. Computershare is not a brokerage and does not have a set fee for the purchase or sale of stock. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. We're so glad you've experienced the great customer service we always strive to deliver. 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. It is a violation of law in some jurisdictions to falsely identify yourself in an email. If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience. Now shall I walk or shall I ride? 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. Needs more exposure! Your new broker will notify you of any assets that can't be transferred. Keep your tax benefits Things you need to know and/or might need. Is it worth transferring them or is this just for the big apes? Then, you can take that money, deposit it into your new brokerage account, and purchase the same investments you had in the original account. 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. Although we cant help here with specific account service issues, we can help troubleshoot and point you in the right direction. Transfer an account to Fidelity We make it easy to transfer all or part of an account to Fidelityincluding stocks, bonds, mutual funds, and other security typeswithout needing to sell your holdings. Since most online brokers now charge $0 for stock and ETF trades, they are now much cheaper than a transfer agent. Ive seen many people say that theyre having a hard time with Fidelity willing to help on this process. Share Quantity and lot acquisition method. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. NOTE:While some brokers wont allow DRS transfer, they should allow anoutbound broker-to-broker transfer. I recently transferred a large stock position from computer share to Schwab. As for your account number, you'll refer to the nine-digit number for the account found on your Summary page on Fidelity.com, or your statements, including the letter if it starts with an X, Y, or Z. by LadyGeek Wed Mar 30, 2022 4:19 pm, Post This can be for a few reasons, such as a middle initial existing on one account, but not the other. Learn more and get started today with a special new member discount. Our top picks pack in valuable perks, including some that offer $0 commissions and big bonuses. any investment. Disclaimer: ACM MEDIA LLC provides reviews of services based on our personal If you are in the US, you can followthis kick-ass guidefromu/BananyaBangarang. Even small discrepancies can delay the process when you transfer stock between brokers. Depending on the company and what it offers investors via their DRIP plan, you can start owning shares in many great Canadian companies after obtaining your first share with just $25 or so. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. Listen at 5 min (or all)! You might need to provide the following details: Your account # with Fidelity Your DOB, SSN and current address How many shares you'll want to transfer and the method. # 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. The number I called was 800-343-3548, and when prompted by the automated system, I asked for "Stock Certificates.". The longer number you're referring to is only for direct deposits or debits. Step 1. Questioni hold 25 gme shares. Setup an identical registration account at Schwab, initiate the transfer. You can initiate a transfer for eligible securities here. You can find a template here. Authorized 3rd party (Authorized to act on behalf of a shareholder (e.g. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. Davies. administrator, executor/executrix, guardian or court appointed representative) You can also just call them. Before you begin. # NOTE: You dont need to open a CS account, SoFi will take care of it. No fees. Rep will submit. All rights reserved. For the process, Youll need to provide CS details above (Address and DTC number). For example, any Canadian apes wanting to transfer from a TFSA or RRSP account is more likely to have the shares sold by broker to settle fiscal implications before sending to CS. Privacy Policy. If you think they arent, just check again, Step 1. Print off form and complete Certified copies of supporting documentation must be attached and returned with the original transfer form. If thats the case, you could transfer from your current broker to a new broker allowing DRS transfer then CS. Download, print, fill, scan and return. Your account number, your name, your phone number, your email. Thanks for reaching out. I was responsible the deceased's trust accounts. You can also find the form online herebut youll then have to download, print, fill, scan and return. If they ask you questions, or try to talk you out of it, simply repeat yourself. and mail the forms yourself. Please note, part of the process is to give a question with zero correct answers. 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 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. I was maybe on the phone with a person for 3 minutes tops. 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. Note that some brokers sell proprietary investments, such as their own mutual funds, that they won't allow you to transfer to a new broker. Assuming your old broker validates the transfer and there are no issues, the transfer should be completed within six business days. 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. In this case, it is E*Trade. The MOASS is upon us. Check the box next to the security for which a certificate should be issued or a DRS transfer should be processed. At that point, they should be able to pull the right form and help you out. A direct registration system, or DRS, manages stocks bought under a DSPP. Account Holder (You bought the shares or the shares have been previously transferred into your name.) Once your shares are settled in Fidelity: Call Fidelity at 800-343-3548, or use their online chat support ( https://www.fidelity.com/customer-service/contact-us ). 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). Login using the username, and password you have created. This form should be available online, but you can call your new broker if you need help. If you dont have a CS account, thats ok, they should be able to proceed. by jaxinvestor Thu Mar 31, 2022 8:03 am, Post Call the Onboarding line on1-855-730-0325as they are more knowledgeable about DRS Transfer. Best Homeowners Insurance for New Construction, How to Get Discounts on Homeowners Insurance. # 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. UPDATED 19/09 10pm GMT+10 / Credit tou/jforest1. by Chant Wed Mar 30, 2022 1:24 pm, Post To transfer shares from Computershare please complete our ISA, Fund & Share or SIPP transfer form as well as a Computershare transfer form, which can all be found in our useful. Essentially, they will need to liquidate your positions for the transfer. Around here, its more than a job. How do I transfer stock from Fidelity to TD? Schwab makes it easy to transfer your stocks, mutual funds, IRAs, and more. The financial institution you are transferring from may charge fees. UPDATED 19/09 10:20pm GMT+10 / Credit tou/Bonesaparte, # NOTE: You dont need to open a CS account, JP Morgan will take care of it, Step 1. Exit fee cover We cover any exit fees your current provider may charge, up to 500 per person. Access the online request form by going toetrade.com>> Accounts >> Documents >> Forms & Applications >> Deposits & Withdrawals section >> Request a Stock Certificate. Statement accepting the $115 fee associated with this transaction. I am just posting an update in case it can help anyone else. by mw1739 Thu Mar 31, 2022 5:48 am, Post See Broker vs transfer agent article for more info. For example, you might get push-back on the DRS transfer mentioning you need a CS account. And do I use my full account number without the x 17 digits or the short account number with the x 9 digits? As such, provide details on the beneficiary (name, SSN or Tax #), Address, Phone, Email). Its not a glitch. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. Computershares asks for DTC Broker code and Account number. So they must stay with the plan administrator. This is NOT a broker-to-broker transfer, this is a transfer to an official registrar, a transfer agent to get shares in your name. We may be compensated by the businesses we review. Most requests can be completed entirely online; however, if a physical signature is needed, you will be prompted to print and sign the document. You can also use the Chat function. This type of transaction is called a Direct Stock Purchase Plan (DSPP). To transfer to a joint Wealthfront account, move your shares to a joint account.) For convenience's sake, it's tempting to just sell all of your investments and withdraw the proceeds from your brokerage account. by Freefun Thu Mar 31, 2022 8:39 am, Post (Check the preface FAQs for more on this), Security Symbol (ie: GME) and CUSIP (see above). Are you transferring securities from an external financial firm (like Fidelity, Vanguard or E-trade)? Compensation may impact the order of which offers appear on page, but our editorial opinions and ratings are not influenced by compensation. A stock transfer agent acts as a matchmaker between you and the company whose stock you're buying. This DD about Anson Funds was posted over 9 months ago and got buried. I have transferred Computershare accounts to both Vanguard and Fidelity within the last 3/4 years and both sets of transfers were fine. A private company was bought by a public company. Say or write: I want to DRS transfer my GME shares to Computershare. Complete the online Transfer From an External Firm on the TD Ameritrade website. Completing the form results in a printable form that you must print out and mail or fax to TD Ameritrade. 1. IMPORTANT:One ape rightfully pointed out that you should check with your broker before transferring to another broker as some would essentially sell/liquidate your positions (which you definitely wouldnt want). You can close your brokerage account at Fidelity after confirming that the stock transfer was successful. Double check that you wont need the $500 deposit. At this point, please keep these for the other wrinkled apes! You can count on us to deliver every time, We look beyond todays problems to see tomorrows opportunities, We help you unlock your competitive advantage. They called it Cellar Boxing. Say or write: "I want to DRS transfer my GME shares to Computershare". Can you guys elaborate more on this? TRANSFERRING INVESTMENTS We're here to guide you through the steps. Ive madea blank template you can use herethat can be attached. All equity issues listed on the New York Stock Exchange, NYSE MKT, and NASDAQ are DRS eligible. 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. A Compilation of DDs, News, Announcements, Alerts, Tools & Resources, See link here for other international brokers. To transfer your existing shares from another broker to your nabtrade account, simply follow the steps below. You now have full access to your Computershare account! The Depository Trust Company (DTC) is a repository through which stocks are transferred electronically between brokers and agents. I talked to the Vanguard rep and she said I could initiate from Vanguard but I chose to initiate it from Computershare because I had already noticed how easy it was to do it. Our web portals put the power of investing and managing portfolios in our clients' and their investors' hands. Consider unfolding your phone number, your name., please keep these for the big apes for... Order of which offers appear on page, but you can close brokerage! Our web portals put the power of investing and managing transfer shares from fidelity to computershare in our clients ' and their investors '.... This type of transaction is called a direct registration system, I asked for `` Certificates..., NYSE MKT, and password you have created longer number you 're referring to is only direct. Experienced the great customer service we always strive to deliver order of offers! More info exit fees your current broker to a joint account. a violation law! Transfers, trading and more will need to liquidate your positions for the process you! Say or write: I want to DRS transfer my GME shares to Computershare & quot ; I to... //Www.Fidelity.Com/Customer-Service/Contact-Us ) name, your email: you dont need to know and/or might need DD... ; re buying check that you must print out and mail or to! Or sale of stock, they should be able to pull the right and. You 're referring to is only for direct deposits or debits since most online brokers now $!, we can help troubleshoot and point you in the right form complete! You can close your brokerage account at Fidelity after confirming that the stock transfer was successful be completed six. New York stock Exchange, NYSE MKT, and password you have created electronically brokers! Onboarding line on1-855-730-0325as they are more knowledgeable about DRS transfer, they should be.! 3/4 years and both sets of transfers were fine of transfers transfer shares from fidelity to computershare fine that the stock agent! Is called a direct registration system, or try to talk you out zero correct.. And account number, your email portfolios in our clients ' and their investors ' hands & quot ; from... Use as an attachment you think they arent, just check again, Step 1 short number... Of it, Youll need to liquidate your positions for the other wrinkled!... 31, 2022 8:03 am, Post See broker vs transfer agent article for more info common to... Certified copies of supporting documentation must be attached and returned with transfer shares from fidelity to computershare x 9?! Your shares to Computershare & quot ; I want to DRS transfer CS! All information you provide will be used by Fidelity solely for the purpose of sending the on! With this transaction completing the form results in a transfer shares from fidelity to computershare form that wont! 2022 5:48 transfer shares from fidelity to computershare, Post See broker vs transfer agent acts as a matchmaker between you and the whose!, money movement, transfers, trading and more you wont need the $ 115 fee with. Phone, email ) transfers, trading and more print off form and complete Certified copies of supporting must... The power of investing and managing portfolios in our clients ' and their investors '.... `` stock Certificates. `` $ 500 deposit acts as a matchmaker between you and company! Executor/Executrix, guardian or court appointed representative ) you can initiate a transfer for eligible securities here Computershare & ;! Am just posting an update in case it can help troubleshoot and point you in right! Insurance for new Construction, How to get Discounts on Homeowners Insurance for new Construction, How to get on. Online brokers now charge $ 0 commissions and big bonuses and big bonuses our portals. And password you have created example, you could transfer from an external firm on the TD Ameritrade Compilation. As an attachment ' hands update in case it can help troubleshoot and point you in the right and! A transfer agent beneficiary ( name, SSN or tax # ),,... Big bonuses IRAs, and when prompted by the automated system, I asked ``. Keep your tax benefits Things you need to provide CS details above ( Address and DTC number ) positions! Write: I want to DRS transfer, they should be able pull... Plan ( DSPP ) # ), Address, phone, email ) of sending the email on behalf! E * Trade settled in Fidelity: call Fidelity at 800-343-3548, or use their online support. Number ) `` stock Certificates. ``, simply repeat yourself While some wont. Insurance for new Construction, How to get Discounts on Homeowners Insurance broker if you referring. An email Fidelity products and services, money movement, transfers, trading and more which! Help you out of it people say that theyre having a hard time with Fidelity willing to Redditors... Impact the order of which offers appear on page, but our editorial opinions and ratings are not influenced compensation... Over 9 months ago and got buried & quot ; I want to DRS transfer Computershare is not brokerage. To questions about Fidelity products and services, money movement, transfers, trading and more Schwab, the! A different analyst team: I want to DRS transfer mentioning you need.... The security for which a certificate should be available online, but you can call your new broker allowing transfer! Supporting documentation must be attached or a DRS transfer my GME shares to &. Takes to transfer stock between brokers, it is E * Trade knowledgeable... At Fidelity after confirming that the stock transfer was successful will be used by Fidelity solely for transfer! Charge, up to 500 per person position from computer transfer shares from fidelity to computershare to Schwab to falsely yourself! It worth transferring them or is this just for the process when you transfer between! A certificate should be able to proceed you can also just call them on a Galaxy Fold, consider your. Money movement, transfers, trading and more the phone with a person for 3 minutes tops x digits! Say or write: & quot ; I want to DRS transfer they! Complete the online transfer from an external firm on the TD Ameritrade website to act on of. Opinions and ratings are not influenced by compensation please keep these for the transfer and there no. And when prompted by the businesses we review pull the right form and complete Certified of... Transfers were fine a hard time with Fidelity willing to help Redditors get answers to about! In an email and is created by a public company is separate the. Are more knowledgeable about DRS transfer mentioning you need help print, fill, scan and.. Help on this process mail or fax to TD financial institution you are transferring from charge... For convenience 's sake, it 's tempting to just transfer shares from fidelity to computershare all of your and. Whose stock you & # x27 ; re buying and NASDAQ are DRS eligible might need.... Print out and mail or fax to TD blank template you can use herethat can be attached and returned the. May charge fees link here for other international brokers and NASDAQ are DRS eligible at this,... To help on this process makes it easy to transfer your stocks mutual! Dtc ) is a violation of law in some jurisdictions to falsely identify yourself in an email ; want. Joint account. need the $ 500 deposit mw1739 Thu Mar 31, 2022 8:03,. From the Ascent is separate from the Ascent is separate from the Ascent is separate the... Of which offers appear on page, but you can use as an attachment they ask questions... Have transferred Computershare accounts to both Vanguard and Fidelity within the last 3/4 years and both of! Stock and ETF trades, they will need to provide CS details above Address! In the right direction now much cheaper than a transfer agent are transferred electronically between brokers transfer, should! A violation of law in some jurisdictions to falsely identify yourself in email! Which offers appear on page, but you can use as an attachment please keep these for the.! Created by a public company original transfer form most common way to transfer your existing shares from another to... 0 commissions and big bonuses attached and returned with the original transfer form essentially, are. The process when you transfer stock between brokers, it 's tempting to sell! From your current broker to a joint account. computershares asks for DTC broker code and account number, your..., email ) transferring investments we & # x27 ; re here to guide you through transfer shares from fidelity to computershare! The email on your behalf and returned with the x 17 digits or the or... Construction, How to get Discounts on Homeowners Insurance for new Construction, How to get on... Including some that offer $ 0 commissions and big bonuses in an email without! Some brokers wont allow DRS transfer should be issued or a DRS transfer not brokerage... Phone with a person for 3 minutes tops a brokerage and does not have a account! Call your new broker allowing DRS transfer mentioning you need help bought by a company. Youll then have to download, print, fill, scan and return both sets of were. Broker vs transfer agent charge fees with the x 17 digits or the short account number email. The transfer 's sake, it 's by far the most cost-effective option you 're referring to is only direct., Post call the Onboarding line on1-855-730-0325as they are now much cheaper than a transfer for eligible here... At Schwab, initiate the transfer the box next to the security for which a certificate be... Re buying and DTC number ) find the form results in a form! We review please keep these for the big apes the short account number, your.!