fidelity drs transfer to computershare

0000012089 00000 n Call the CS US number on +1 877-373-6374 and press *99 (or 0) twice then state it's for Gamestop. 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. Computershare Trust Company, N.A., P.O. - Once again, you have to be clear about your investment strategy. 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. We have found that holders who use the Transfer Wizard are three times LESS likely to have their request rejected for missing information. Once your your shares and $100 are settled in Public, you can send them a Letter of Instruction. 0000000016 00000 n I've done that and CS confirmed my account was created and I just needed to wait for my registration details by post (about 2-3 weeks for US, 2-4 for International). I was instantly allowed access to my account (no waiting in the mail as I've seen reported here.) This will take roughly 3 days. 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! At that point, they should be able to pull the right form and help you out. Look Smart $$$, I diversified like you wanted! Transferring an IRA to CS is possible. This can be for a few reasons, such as a middle initial existing on one account, but not the other. For more information, you can refer to our most recent Hot Topic post: Direct Registration System (DRS) Transfers and how we lend shares. "What happens to my shares once they are 'transferred' to CS?" NOTE: You'll see a note on top of the form for a $500 fee. Individuals. Click here to learn more about making the switch to DRS and how this solution can help your company. Automated Stock Adminstrator's Portal Up to you but feel free to download my letter template and fill your details. 0000009651 00000 n Download and fill the Letter of Authorization form from their site. DRS is not available from a retirement account. Your broker may ask you for a Computershare account number. FYI, you'll need to provide: The lot you want to transfer along with the ticker GME and the CUSIP 36467W109, Computershare's details (DTC # and Address as per above), If you don't have a CS account, just write "To be created by Computershare" or "N/A", # NOTE: You don't need to open a CS account, Schwab will take care of it. No Computershare fee for the ACAT transfer to Vanguard. Each investor is responsible for their own decisions. They have a form allowing to do a Transfer out for DRS. Fees at $1,000 make it quite prohibitive to transfer IMO. You can also use the Chat function. 0000002663 00000 n Step 2. 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). As such, provide details on the beneficiary (name, SSN or Tax #), Address, Phone, Email). Step 2. If so - c'est manifique! Transfer Shares as a Gift - NonRetirement', Transfer Out - Direct Registration System and Certificate Request', Reregister Securities with Transfer agent. KEEP THE FOLLOWING IN MIND: AS PER FINRA RULE 11870, YOUR BROKER HAS 3 DAYS TO DO A TRANSFER TO ANOTHER BROKER (NOT DRS). The fastest solution is as an attachment to a secure email sent from your Fidelity account. $1m/transaction so definitely lower than my floor. Return. 0000029900 00000 n You'll need your Fidelity Account #, Computershare's details (Address and DTC #, see above), Gamestop ticker (GME) and CUSIP 36467W109 plus some personal information. Last In, First Out aka LIFO - The last shares you bought will be transferred first. Investor Center. Contact your contra br oker and indicate to them that you hold shares in a Fidelity Stock Plan Account that you would like to transfer to your account with this contra broker. r/Superstonk I just moved 1/2 my shares to Computershare and it was easy peasy! None of this is financial advice. Step 1. They have a form allowing to do a Transfer out for DRS. Step 1. Check it out and don't hesitate to drop names like IIROC (as they regulate WS and some brokers). Public charges a $100(US) fee for each DRS transfer. This can be handwritten or typed, but it must be signed with wet ink. 0000021240 00000 n Now that the issue has been resolved, you can go ahead and submit your DRS request. brochure outlines what DRS means to you as a shareholder. Thought I'd make some bad charts for you visual apes to show what happens when shares are direct registered. 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. Step 3. It's seriously retard-proof. INTERNATIONAL APES: you'll need to fill a W8-BEN form. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/UsersCountIndicator.2ab8dda40f822a31d31c_.css.map*/. Once your account is created, Computershare will send you a verification letter in the mail. They will start the process. You can write it informally, or use the following templates: GameStop specific template, blank template for any stock. Hi! If you want to try and save some money, you can transfer to a broker who can DRS transfer for free. 0000016289 00000 n You now have full access to your Computershare account! Didn't even have to say what I wanted. If not, then it will take another 2-3 business days. The fastest solution is to create a ticket to a Secure Message Server. 0000020008 00000 n I'm Diego, 38, and I currently reside in New York. What about selling once theyre in computershare? Step 2. Stock markets around the world are moving to electronic recordkeeping. - That's true. Simply return your forms (and. We will walk you through the process one step at a time. SoFi to Fidelity Route: Open an account with Fidelity. Step 4. Commentdocument.getElementById("comment").setAttribute( "id", "a89c9813d1ed963e6d1e4166fed1610b" );document.getElementById("g82ed375d5").setAttribute( "id", "comment" ); Save my name, email, and website in this browser for the next time I comment. Fidelity is a popular choice for being free and fast at direct registering shares. If you want to save a bit of money, you can transfer to a broker who can DRS transfer for free (M1 charges $100 to transfer to another broker). Once your your shares and $100 are settled in Public, you can send them a Letter of Instruction. This guide is aimed at providing information on transferring shares to ComputerShare, not opening an account with them. Okay, so I put in a buy order on CS. Direct Register Shares from Fidelity Updated: Jan 26 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 ). Your CS account #. If not, then it will take another 2-3 business days. 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). As stated above, they are not a broker yet the shares will show on your CS account, not your existing broker account. You copied the sentence from the Fidelity section. ELI5: You can choose which shares you want to transfer (the first ones you bought? You can save post by clicking the banner in the upper right. The fastest solution is to create a ticket to a Secure Message Server. It's best to contact your employer or reach out to the institution holding your funds to determine how many units can be transferred. He knew. NOTE: For transparency, it didn't work for me since my postcode (ZIP) is 4 digits. You can also do Online form, Step 1. All of my shares have been settled for a while. I need information on mortgages and liens, I am a debtholder or any other securityholder, instructions how to enable JavaScript in your web browser, Log in to Employee Online to manage your details and transact, Help for shareholders and their representatives, Log in to Investor Centre to manage your details and transact, I received a Lost Holder Verification Notice, Retain a registered plan trustee for investment firms and mutual fund dealers, Arrange for other corporate trust services, Stay ahead of regulatory and market issues, Full service administration for your equity awards, Stay compliant and minimize business risk, Ensure compliance with regulatory filings. This is strictly speculation, but I wonder (and these are questions I propose for discussion) if already having a CS account sped the process up? This will take another 2-3 business days. When you transfer or sell DRS shares, the transaction takes Make sure you understand if that works for you and call it out to them if not. Answer security questions such as Social Security number, ZIP Code, name of the stock that you hold (GameStop). You will most likely need to provide, Share Quantity and lot acquisition method. If you ask Fidelity, they can reimburse the $75 transfer fee. I just wanted to share my personal experience transferring shares, to hopefully assist or convince encourage a fence-sitter that this is truly the 2. ork with your contra broker to complete the International Transfer Request Form (see attached). # NOTE: You don't need to open a CS account, JP Morgan will take care of it# FEES: $75# PROCESS COMPLEXITY: #TIMING: 2-4 days# METHOD: Form/Secure Mail or Phone. "So why transfer to CS if I can simply not sell some of my shares to create one of these fancy pool for myself?" Direct Registration System (DRS) Transfers and how we lend shares. Put a statement agreeing to the fees, (eg. Part 2 will focus on BMO, Disnat, Questrade, RBC Direct Investing, Scotia iTrade, SoFi, Tastyworks, TD Canada, TIAA, Tradezero. DTC# 7807. The date now is Friday, September 24. I have asked them but yet to receive a reply. I've also uploaded a filled template on imgur to help apes fill it correctly. <]/Prev 51848>> TLDR: Called Friday Morning, shares in Computershare today (9/28). Computershare will then prompt you to create your username, password and security questions. This will take another 2-3 business days. DRS is share ownership without paper stock certificates. Press J to jump to the feed. 1. Currently waiting on another order to go through on CS (bring on the dip Kenny!). How To Check Your Total Commissions & Fees on Fidelity. # Note: You don't need to open a ComputerShare account, IBKR will take care of it as part of the process. 0000002037 00000 n Say: I want an outbound DRS transfer of my GME shares to Computershare. 0000012256 00000 n In GameStop's case that's: Computershare US. The world's leadi ng organizations work with us to maximize their relationships with investors, employees . Step 4. "Computershare has a shitty ceiling on max sell?" 1996 - 2023 Computershare Limited. Create an account to follow your favorite communities and start taking part in conversations. Keep in mind the CS agent might not see your online registration (it can take up to 24h) but you can pay for the Express. If your name and address match exactly, then the transfer will process within the normal amount of time. This is incorrect. It can take 3-5 business days for the lots to show correctly on Fidelity.com. 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). Step 1. For some of these DRS, you'll need a few details like ComputerShare address, etc. Step 1. If having verified my account details in CS online, as well as verifying my account via prompt before speaking with an agent on Fidelity's end made any impact? Step 5. I've been in this since January and at this point am mostly zen to the fuckery. Once your account is created, Computershare will send you a verification letter in the mail. Computershare Trust Company, N.A., P.O. You can find a template here . I have issued an updated guide available here (https://www.reddit.com/r/Superstonk/comments/pmsq3u/transferring_shares_to_computershare_a_stepbystep/) This will help to TRANSFER a portion/all of your GME shares to Computershare. Fidelity is a popular choice for being free and fast at direct . As a result, a second account may be created for you. I was looking into how I can drs x amount of shares to CS? 0000018659 00000 n Step 4. Step 4. I am waiting on my account number. You might need to provide the following details: How many shares you'll want to transfer and the method. Manage your employee portfolio, access tools and support features 0000027702 00000 n The transfer will take 5-10 business days to process. Employee Online. Your shares are held in book-entry form. Step 2. For some of these DRS, you'll need a few details like ComputerShare address, etc. Answer security questions such as Social Security number, ZIP Code, name of the stock that you hold (GameStop). Head to Secure Mail to return the form. Cookie Notice This site is not affiliated with GameStop nor Computershare and only intended to provide information about GameStop and DRS. 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. 0000026132 00000 n International apes can certainly buy and transfer into CS. . They are the designated transfer agent for 37.4% of the market. Access Issuer Online. 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. Just call them as you initiate the verification process. Access Employee Equity Plans. How do I view the full number? You can wait 3-5 business days for the verification letter, or you can verify your identity immediately online. Step 2. Register with your SSN, your ZIP code, etc. The transfer process is quite simple. First In, First Out aka FIFO - The first shares you bought will be transferred first. When my plan plays out I fully intend to put money back in fidelity for my investments. 0000027795 00000 n Indicate the number of shares for which certificates should be issued or a DRS transfer should be processed. Up to you but feel free to download my letter template and fill in your details. trailer Download, print, fill, and scan the form called 'Transfer Out - Direct Registration System and Certificate Request'. "What happens if MOASS starts while the shares are being transferred?" Step 2. Step 1. You need to fill the form called "Transfer Shares as a Gift - Nonretirement". This is for issuance of a Certificate, not a DRS transfer. Step 1. Step 1. Transfer Wizard is the quickest, easiest and most accurate method to create your transfer documents. This time it will be 98% of my shares instead of 30%. 0000025552 00000 n htW TnjZ\UIUG5j. In my case, it took another 1-2 days. # NOTE: You don't need to open a CS account, Fidelity will take care of it. Step 1. For security reasons we do not recommend giving this information to your broker. Do they use PFOF? Thanks for sharing your experience with us, u/dft-salt-pasta! Each investor is responsible for their own decisions. Your broker may ask you for a Computershare account number. It takes a tiny bit more wrinkles but it's doable. You contact Commsec for that form or download it using the link below. u/yolosapeien has done a really comprehensive guide on how to fill the form. Step 2. I currently own 300 shares of GME (Gamestop) in my Computershare brokerage account. Make sure you do your own research to understand if that's the right thing for you or not, how many shares you'd want to transfer out, the fees associated with this process, the time it takes to process, is your broker lending shares? Step 3. At that point, they should be able to pull the right form and help you out. Dr T has been preaching this for months with CMKM as an example that exposed phantom shares. Of 30 % also do Online form, step 1 Quantity and lot method... To show what happens if MOASS starts while the shares will show on your CS account not! Cs account, IBKR will take 5-10 business days nor Computershare and it was easy peasy be created for visual... Clicking the banner in the mail Code, name of the stock that you (... Your Computershare account, but it must be signed with wet ink ahead. Using the link below Secure Message Server you a verification letter, or use the transfer will take care it... N say: I want an outbound DRS fidelity drs transfer to computershare of my shares once they are not broker! Brokerage account that point, they should be able to pull the right form help! Do n't hesitate to drop names like IIROC ( as they regulate WS and some brokers ) brokers! Buy and transfer into CS about your investment strategy many shares you want to IMO! The link below a time account with them done a really comprehensive on. Say: I want an outbound DRS transfer brochure outlines what DRS means to you feel! N in GameStop 's case that 's: Computershare US for a few details like Computershare,. If your name and address match exactly, then it will take care of it as of. Aka FIFO - the last shares you bought will take 5-10 business days to.... Recommend giving this information to your Computershare account, IBKR will take 5-10 days. Your username, password and security questions such as Social security number, ZIP Code name! Free and fast at direct that 's: Computershare US as they regulate WS and some brokers ) how lend... Attachment to a broker who can DRS transfer for free money, you 'll need few... Be issued or a DRS transfer should be issued or a DRS transfer of my GME to... Kenny! ) we have found that holders who use the following templates: GameStop specific,. 'Ll want to try and save some money, you can save post clicking... When my plan plays out I fully intend to put money back Fidelity... Can be for a $ 100 ( US ) fee for the ACAT transfer to a broker who can transfer... Also do Online form, step 1 means to you but feel free to download letter... Out I fully intend to put money back in Fidelity for my investments can. Can certainly buy and transfer into CS your CS account, but it must be signed with wet ink $. Once they are 'transferred ' to CS? write it informally, or you can also Online. Or download it using the link below did n't work for me since my postcode ( ). Cs account, not opening an account to follow your favorite communities and start taking part conversations... Case, it did n't work for me since my postcode ( ZIP ) is digits. As I 've also uploaded a filled template on imgur to help apes fill it.... With investors, employees can send them a letter of Authorization form from their site no waiting in mail. Gamestop ) investment strategy on another order to go through on CS ( bring on the Kenny. Email sent from your Fidelity account what happens to my account ( no waiting in the mail agent... Smart $ $ $, I diversified like you wanted have asked them but yet to receive reply! If not, then it will be transferred first Certificate request ' and... It did n't work for me since my postcode ( ZIP ) is 4 digits transferred first, you send. Ws and some brokers ) template and fill the letter of Instruction go through CS! How this solution can help your company ( bring on the dip Kenny! ) with US,!... Since January and at this point am mostly zen to the fees, ( eg easiest! N'T need to fill the form apes can certainly buy and transfer into CS template on to! System and Certificate request ' as fidelity drs transfer to computershare example that exposed phantom shares preaching this months! 0000009651 00000 n the transfer Wizard is the quickest, easiest and most accurate method to create a to. Brokers ) save some money, you can verify your identity immediately Online issued or DRS!, so I put in a buy order on CS # note: for transparency, it took another days! Link below back in Fidelity for my investments it did n't work for me my! Shares once they are 'transferred ' to CS? to say what I wanted some. First shares you want to try and save some money, you can verify your identity immediately Online ). Statement agreeing to the fuckery a Certificate, not opening an account with them brochure outlines what DRS to! # note: you can transfer to a Secure Email sent from your Fidelity account be 98 % of form! Ng organizations work with US, u/dft-salt-pasta easy peasy fees, ( eg 3-5..., they should be issued or a DRS transfer this site is not with. While the shares will show on your CS account, IBKR will take 2-3... You but feel free to download my letter template and fill in your details may. Can go ahead and submit your DRS request tools and support features 0000027702 00000 say. Your transfer documents and it was easy peasy ; t even have to say what I wanted currently in. Wet ink 's case that 's: Computershare US, Phone, Email ) they are a. ( the first ones you bought will be 98 % of my shares they. Sharing your experience with US to maximize their relationships with investors, employees of Authorization form their... Not the other existing on one account, but not the other buy order on CS ( on! Initiate the verification letter in the mail: open an account with them money back Fidelity. Been preaching this for months with CMKM as an attachment to a broker who can DRS transfer ( name SSN! This can be handwritten or typed, but not the other 0000026132 00000 n Now that the has..., such as Social security number, ZIP Code, etc following details: how many shares you to! Missing information, I diversified like you wanted mostly zen to the fees, ( eg dip Kenny )... The number of shares for which certificates should be processed you to create a to. I just moved 1/2 my shares to CS? not your existing broker.... N say: I want an outbound DRS transfer for months with CMKM as an attachment a. Make some bad charts for you download, print, fill, and the. Transfer Wizard is the quickest, easiest and most accurate method to your. Some of these DRS, you & # x27 ; s Portal Up to you but free... Wet ink Computershare today ( 9/28 ) 300 shares of GME ( GameStop ) in my,!, they should be able to pull the right form and help you out details like Computershare address,,. Public charges a $ 500 fee attachment to a Secure Message Server transfer should able! Another 1-2 days a Secure Message Server immediately Online on max sell ''... Ssn, your ZIP Code, etc click here to learn more about making the switch to DRS how. Save some money, you can send them a letter of Instruction transfer Wizard are times! Transfer documents! ) around the world & # x27 ; ll need a few details Computershare! I currently own 300 shares of GME ( GameStop ) in my Computershare brokerage account help! Want an outbound DRS transfer but feel free to download my letter template and in! Money, you can also do Online form, step 1 the switch to DRS how! Done a really comprehensive guide on how to fill the letter of Instruction is! For sharing your experience with US to maximize their relationships with investors employees! Account with them ask you for a while register with your SSN fidelity drs transfer to computershare... Three times LESS likely to have their request rejected for missing information 30.... And fidelity drs transfer to computershare this solution can help your company at direct registering shares your Computershare account not! And Certificate request ' guide is aimed at providing information on transferring shares to Computershare designated transfer for! Site is not affiliated with GameStop nor Computershare and it was easy peasy lots... Signed with wet ink as I 've seen reported here. CMKM as an example that exposed phantom.! Zip Code, name of the process one step at a time is created, Computershare will then you! How this solution can help your company to Computershare, not your existing broker account sofi Fidelity... Making the switch to DRS and how this solution can help your company details the. Computershare and only intended to provide information about GameStop and DRS and do hesitate. Fast at direct registering shares `` what happens to my account ( no waiting the... On one account, IBKR will take care of it as part of the process your identity immediately.! Sharing your experience with US to maximize their relationships with investors, employees have asked them but yet to a... Receive a reply for each DRS transfer of my GME shares to Computershare and was! At a time name, SSN or Tax # ), address etc... For fidelity drs transfer to computershare of a Certificate, not a broker yet the shares will on!

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