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Just head to 'Contact us' and click on 'Secure Mail'. What Is SPAXX in Fidelity? Hi u/ksknksk, and welcome to r/fidelityinvestments. Step 2. 0000011728 00000 n
When you transfer or sell DRS shares, the transaction takes W It was stress free and painless! Edit: I'm putting a strikethrough this Avanza process as it's been outlined that Avanza is now claiming they can't do a transfer unless a CS account is open. Didn't even have to say what I wanted. CS live chat was not particularly helpful. 0000022736 00000 n
The broker and Computershare will take care of the transfer and open a Computershare account for you. For example, you might get push-back on the DRS transfer mentioning you need a CS account. 1996 - 2023 Computershare Limited. Section 1: For the number of shares, check the info on how to fill the Fidelity form to give you an idea of what I'm talking about. Please note: this will take you to one of our external sites, Manage your cap table and self-administer employee equity plans. As a result, a second account may be created for you. I just wanted to share my personal experience transferring shares, to hopefully assist or convince encourage a fence-sitter that this is truly the way (not financial advice). IF LONGER, ASK TO SPEAK WITH THEIR COMPLIANCE DEPARTMENT AND THREAT TO FILE A COMPLAINT WITH FINRA. Your broker will transfer the shares based on your name and address. The last ones? ._3wvjcIArtO7kKPJabZfZ9S{font-family:Noto Sans,Arial,sans-serif;font-size:12px;font-weight:400;line-height:16px;-ms-flex-align:center;align-items:center;color:var(--newCommunityTheme-metaText);display:-ms-flexbox;display:flex;margin-right:24px;opacity:0;transition:opacity .1s ease-in-out}._3wvjcIArtO7kKPJabZfZ9S._1c98ixuh4QUWO9ERiFID3p{opacity:1}.RtAsN7UrR7u51W5kaOXvp{display:-ms-flexbox;display:flex;margin-left:4px;margin-right:0}._1JRtpiobR4jYtbw-xx1tPO{border:1px solid var(--newRedditTheme-body);margin-left:-7px;transform:scaleX(-1)}._1JRtpiobR4jYtbw-xx1tPO:nth-child(2){margin-top:4px} Op, edit your first line of TD ameritrade. For the email write: I would like an outbound DRS transfer as detailed in the attached Letter of Instruction. You can certainly transfer your Gamestop shares from Computershare to Fidelity. TLDR: This is an update done on 14 Sept 2021. Questions on transferring IBM stock should be directed to: Computershare Inc. P.O. Create an account to follow your favorite communities and start taking part in conversations. For security reasons we do not recommend giving this information to your broker. - That's true. 0000011472 00000 n
Our team is always happy to help. Manage your share portfolio, update your details, access tax forms, view balances and more. Say: I want an outbound DRS transfer of my GME shares to Computershare. endstream
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When your broker has confirmed it's done, you will not hear from CS to confirm it's completed. # Important: You need to have the $50 available on your account for the fees. Step 2. Step 2. Why I'm Transferring Stock from Computershare Here are the main reasons why I'm transferring stock to TD Ameritrade: To pool the dividends and diversify into other stocks To save $12 on fees in the Verizon DRIP plan To deal with one less form 1099-DIV at tax time It's easier to track cost basis from now on. If you are not planning on selling these, why do you care if they are in transit? 0000029318 00000 n
(Check the preface FAQs for more on this), # NOTE: V will take care of opening CS account# FEES: $0# PROCESS COMPLEXITY: # TIMING: ~5-7 days# METHOD: Phone. 0000018659 00000 n
You'll need a few details ready: Your Commsec Account referred as Pershing Account Number, the security name (GME), and the CUSIP (36467W109). From here you can follow the Fidelity guide located here. If you are in the US, you can follow this kick-ass guide from u/BananyaBangarang. trailer
If you ask Fidelity, they can reimburse the $75 transfer fee. 0000015021 00000 n
You'll need to fill a letter of instruction. 0000003901 00000 n
You can then set up your account. Send an email to [email protected] and [email protected] with the subject line: "Outbound DRS Transfer - Pershing [YOURACCOUNTNUMBER]", # Note: You don't need to open a ComputerShare account, Avanza will take care of it as part of the process. 0
Computershare will then prompt you to create your username, password and security questions. We can't take DRS for granted. They don't have a form but based on what other brokers are asking, you want to anticipate and provide all the details. If not, there should be an option in the account management or you could check your statements and list to your brokers the shares you want to transfer. brochure outlines what DRS means to you as a shareholder. From here you can follow the Fidelity guide located. At that point, they should be able to pull the right form and help you out. Step 2. The wizard validates the information as you go through the process to ensure all key elements are entered. Call 1-800-387-2331. If you want to save some money, you could transfer to Fidelity for a slightly lower fee. If you don't 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. Open an account with Fidelity. Fidelity have been known to reimburse up to $75 if asked. 0000040821 00000 n
BOX 505000 LOUISVILLE, KY 40233-5000 COMPUTERSHARE'S DTC NUMBER: 7807 ----------------- Fidelity (US) Updated: Jan 26 SoFi charges a $115 fee to DRS transfer to Computershare. M1 Finance charges a $115(US) fee for each DRS transfer. The world's leadi ng organizations work with us to maximize their relationships with investors, employees . Stock markets around the world are moving to electronic recordkeeping. Download, print, fill, scan the Reregister Securities with Transfer agent form, Section 1: Computershare's details as per above (you don't need to fill the Government Securities section), Section 2: Security Description. Fidelity is a popular choice for being free . Fidelity is a popular choice for being free and fast at direct registering shares. This will take roughly 3 days. Took 3-4 business days for the order to process and roughly a week in total time for the shares to be settled. Step 4. You might want to follow-up with them a day or so after to make sure it's received and processed. You can also mail or fax it (details on the form). Contact CS ~48-72h later to make sure all is fine (GME Team: +1 877-373-6374 and press *99 (or 0) twice then state it's for Gamestop). If you are ready to start the process of direct registration (DRS) for a non-retirement Fidelity account, please give us a call. Access Issuer Online. "Computershare has a shitty ceiling on max sell?" Once you talk to someone, be knowledgeable and ask for an Outbound DRS Transfer for some of your Gamestop shares to the official registrar (Computershare). Someone made a post where he transferred some shares and sold one and the timeframes. DRS is not available from a retirement account. Chat Method - Start a 'Ask TED' chat and ask for an Outbound DRS Transfer or call 1-800-652-4584 and request to talk to someone for an Outbound DRS Transfer. How do I view the full number? You can follow up with the chat function a few days later. Step 3. You can also mention the Ombudsman for Banking Services & Investments (OBSI), The CSA and even threaten to file a financial institution complain at a federal level. However, only whole shares will transfer. They have a form allowing to do a Transfer out for DRS (see step 2). Indicate the number of shares for which certificates should be issued or a DRS transfer should be processed. You need to fill the form called "Non-ACAT Transfer Out of Commsec". You can write it informally, or use the following templates: GameStop specific template, blank template for any stock. When transferring positions, your broker should be asking or giving you the choice on the tax method you'd like to use to transfer your positions. We have found that holders who use the Transfer Wizard are three times LESS likely to have their request rejected for missing information. - See bottom of this post for more on this. Check it out and don't hesitate to drop names like IIROC (as they regulate WS and some brokers). You can wait 3-5 business days for the verification letter, or you can verify your identity immediately online. u/PM_Your_Green_Buds has written a post for Canadians about delays. SoFi charges a $115 fee to DRS transfer to Computershare. If not, then it will take another 2-3 business days. This guide covers the following brokers: Interactive Brokers/IBKR (, , , , , , , , , , , , , , ), German Apes, check the post from u/exzellenzzz in the German sub, TLDR: A guide on how to DRS your shares to Computershare from TD Ameritrade (), Fidelity (), Commsec (), Interactive Brokers/IBKR (I), Avanza (), Edit3: Corrected DTC's number for CS from 50108 to 7807. Your account number, full name, SSN/Tax ID. Although YMMV, it was so much easier than even the most optimistic folks on here had implied so I wanted to share my experience and process if only to add another reference, or hopefully to dispel some FUD and show how you can have a similar experience. Login to CS website and try registering online (2) (you might need a VPN or overwrite the default country redirect (1). How many shares?" Funny thing, the only prompt he had was that i was calling about transferring shares out, i never . %%EOF
At this point in time, I registered my CS account, and chose the online verification. This will be used to create your CS account. It's seriously retard-proof. Step 3. Just call them as you initiate the verification process. # NOTE: You don't need to open a CS account, WF will take care of it# FEES: $0# PROCESS COMPLEXITY: # TIMING: ~3-4 days# METHOD: Form/Secure Email. Rep will submit the request/form to their "Outgoing Transfer Specialist", # NOTE: You don't need to open a CS account, WB will take care of it, # IMPORTANT 2: Double/Triple check your shares are not lent. A DRS transfer shouldn't take more than 3-7 days. Things you need to know and/or might need. # FEES: $115 (if rejected, it will be $125 rejection fee). You copied the sentence from the Fidelity section. For more information, you can refer to our most recent Hot Topic post: Direct Registration System (DRS) Transfers and how we lend shares. 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