The right brokerage account is critical to get the most out of your investments. For more information, please see our TRANSFERRING INVESTMENTS We're here to guide you through the steps. The financial institution you are transferring from may charge fees. | Copyright, Trademark and Patent Information. Make sure you follow up with them. In short, ComputerShare is a stock transfer agent. Once you talk to someone, be knowledgeable and ask for anOutbound DRS Transferfor some of your Gamestop shares to the official registrar (Computershare). For example, you might get push-back on the DRS transfer mentioning you need a CS account. Step 2. Indicate the number of shares for which certificates should be issued or a DRS transfer should be processed. Statement accepting the $100 fee associated with this transaction. Thank you for your positive feedback and for choosing to invest with us! Around here, its more than a job. (Separate multiple email addresses with commas). Call the following number800-392-5749and ask to initiate a Direct Registration of Shares Transfer to Computershare. Rep will submit the request/form to their Outgoing Transfer Specialist, # NOTE: You dont need to open a CS account, WB will take care of it, # IMPORTANT 2: Double/Triple check your shares are not lent. Your broker may ask you for a Computershare account number. It is going to be about $500,000 worth. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. When you receive the verification code letter: If you have any corrections, or know of any other brokers, please let us know through the. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Step 1. Post We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Wall Street Veteran Charles Gradante calls out Citadel (MMs) naked shorting Gamestop, lack of penalties for naked shorting, options use for driving price action on stocks. Please note, part of the process is to give a question with zero correct answers. # NOTE: You dont need to open a CS account, Ally Invest will take care of it. Copyright 2018 - 2023 The Ascent. Best Mortgage Lenders for First-Time Homebuyers. Purchase and sales fees are determined by each company individually. I left the partial shares in the Computershare account to counter their fee. 2. That being said, the cost basis has not moved yet but the Vanguard rep said that could take a few weeks. Your transfer will be processed per your instructions provided below. This guide covers most US brokers as well as Wealthsimple and IBKR). It is a violation of law in some jurisdictions to falsely identify yourself in an email. Click Preview to confirm the details of the request. How many shares youll want to transfer and the method. So they must stay with the plan administrator. We have not reviewed all available products or offers. 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. The subject line of the email you send will be "Fidelity.com: ". I am just posting an update in case it can help anyone else. They were super helpful when I called and the whole process took no longer than 5 minutes. Call1-800-387-2331. I was maybe on the phone with a person for 3 minutes tops. (as of 1/10/2023). Once your account is created, Computershare will send you a verification letter in the mail. Alternate way:you can send an email asking for anOutbound DRS Transfer to CS. If you're transferring a standard taxable brokerage account (as opposed to a retirement account like an IRA) and you sell off your assets, you'll generate taxable capital gains on any profits you've earned. Step 3. For convenience's sake, it's tempting to just sell all of your investments and withdraw the proceeds from your brokerage account. Even small discrepancies can delay the process when you transfer stock between brokers. 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. Log into nabtrade using your customer number and password. Our web portals put the power of investing and managing portfolios in our clients' and their investors' hands. I used the online forms at Schwab and it was very painless and the whole transfer was completed in about five days. 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. + Yahoo / Morningstar censoring GME data depending on your IP. ComputerShare is the Transfer Agent for a number of securities. They called it Cellar Boxing. Despite the time it takes to transfer stock between brokers, it's by far the most cost-effective option. Hover over the Admin tab from the main navigation bar and select Permissions. Our top picks pack in valuable perks, including some that offer $0 commissions and big bonuses. Remember when you wanted what you currently have? You can also do Online form, Step 1. 3. Youll see in the guide a process complexity from (SUPER EASY) to (SOMEWHAT HARD). Do NOT use this form to change the registration of an existing account or to transfer from or to a Mutual Fund Only account. Use this form to transfer assets from one Fidelity brokerage account to another Fidelity brokerage account. by backpacker61 Wed Mar 30, 2022 7:21 pm, Post Computershare is not a brokerage and does not have a set fee for the purchase or sale of stock. She told me she does it all the time and asked if this was GME, AMC, or both I was moving, so apparently many of their reps are practiced in this. Question about IRA, ROTH, and tax implication: Unfortunately, I cant help with this. As I think was mentioned already they (computershare) lost the cost basis. Done UPDATED 19/09 5:15pm GMT+10 -Transfer from TD Ameritrade Loads, transactions fees, redemption fees and other costs may apply if transferring in to or out of a mutual fund. Best Homeowners Insurance for New Construction, How to Get Discounts on Homeowners Insurance. 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. Send an email with the following details asking for anoutbound DRS Transfer. 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. I transferred some shares from Computershare to Vanguard a couple years ago, following the death of a family member. 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. Call the following number1-800-756-01281-800-343-3548and say its for stock certificates. Your customer service is the absolute BEST . With Computershare accounts, the account number is the "key" that allows brokers to authorize a transfer of shares out of the DRS and back to the broker. Step 6: Close your Fidelity account. Question about TFSA and RRSP (Canada): Unfortunately, I cant help with this. # NOTE: You dont need to open a CS account, TW will take care of it. 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. Is 0226 the correct . Fundamentally disagree with the keep it separate crowd, but that's a personal decision. # 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. Thanks for all the replies. Once you're ready to switch over, you can transfer stocks between brokers so that you still have your previous investments. by Freefun Thu Mar 31, 2022 8:39 am, Post I would look at some posts from. Disclaimer: ACM MEDIA LLC provides reviews of services based on our personal Step 2. If you dont have a CS account, thats ok, they should be able to proceed. 1. You can close your brokerage account at Fidelity after confirming that the stock transfer was successful. The GME MOASS (Mother of All Short Squeezes), : guys, Im absolutely overwhelmed and honored by the traction this post got. Your broker will transfer the shares based on your name and address. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. 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. 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. I seriously wasnt expecting this and Im so glad apes are finding it useful. Complete the online Transfer From an External Firm on the TD Ameritrade website. 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. I started the transfer process online at Vanguard. The transfer happened the next day. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. The stock you want to transfer along with CUSIP and quantity. Since most online brokers now charge $0 for stock and ETF trades, they are now much cheaper than a transfer agent. Tip -- If you have done all the work and are expecting Computershare to transfer the shares to Vanguard and they aren't moving, get in touch with Computershare directly and tell them to move the shares to Vanguard. I can't speak to Computershare's process or forms, but I can confirm Fidelity's four-digit DTC number that you'll need is 0226. Welcome to Transfer Wizard Home With the Computershare Transfer Wizard, transferring your shares is easy. Tell them they should be used the form called Free Delivery (yes, you still have to pay $25). , TLDR: An updated guide toTRANSFERa portion/all of your GME shares to Computershare (referenced as CS in this post) Ive run out of space so Im breaking this down into several posts. So I recommend to keep track of it yourself. 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. 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. 'S sake, it 's by far the most out of your investments at some posts from an account... Of the request based on your name and address after confirming that the stock transfer agent after confirming the! 5 minutes valuable perks, including some that offer $ 0 for stock ETF... Brokers so that you still have your previous investments 5 minutes to get the most of. The guide a process complexity from ( super EASY ) to ( SOMEWHAT HARD ) determined! Transferring investments We & # x27 ; re here to guide you through steps!, including some that offer $ 0 commissions and big bonuses services on. A CS account, thats ok, they should be issued or a DRS transfer you... X27 ; s a personal decision NOTE, part of the request Ally invest will take care of.! Partial shares in the mail cookies and similar technologies to provide you with person! Discrepancies can delay the process when you transfer stock between brokers so that you still have previous! All available products or offers ( yes, you might get push-back on the TD Ameritrade.. 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