CS live chat was not particularly helpful. NOTE: You can also request Express to receive that special code. 1996 - 2023 Computershare Limited. You'd like Express Post ($35 for US / $45 for international). DRS is not available from a retirement account. Section 4: Your address. 0000023128 00000 n Fidelity is a popular choice for being free and fast at direct registering shares. u/PM_Your_Green_Buds has written a post for Canadians about delays. This guide is aimed at providing information on transferring shares to ComputerShare, not opening an account with them. Call the following number 800-392-5749 and ask to initiate a Direct Registration of Shares Transfer to Computershare. It takes a tiny bit more wrinkles but it's doable. Fidelity to Computershare DRS transfer. Your account number, your name, your phone number, your email. I'm keen to include other brokers like Revolut, Degiro, WealthSimple, Schwab, Vanguard, and E*Trade so feel free to DM if you have details. Step 2. Okay, so I put in a buy order on CS. 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. You can write it informally, or use the following templates: GameStop specific template, blank template for any stock. Your broker may ask you for a Computershare account number. Say: I want an outbound DRS transfer of my GME shares to Computershare. Double-check that you won't need the $500 deposit. Step 3. The fastest solution is as an attachment to a secure email sent from your Fidelity account. Make sure you can transfer your shares. I did this process and was told by fidelity they require an account number so I have to do it all over again. Answer security questions such as Social Security number, ZIP Code, name of the stock that you hold (GameStop). 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? # Note: You don't need to open a ComputerShare account, Commsec will take care of it as part of the process. The fastest solution is to create a ticket to a Secure Message Server. # NOTE: You don't need to open a CS account, Fidelity will take care of it. 0000002663 00000 n hey, my account number appears as @*****####, where @ is a letter, # are numerals, and the asterisks are litterally asterisks. To verify online, Computershare will ask some security questions based on info they take from LexisNexis. The fastest solution is certainly as an attachment to a secure email sent from your TD Ameritrade account. There is no more need for the verification code. If you are not planning on selling these, why do you care if they are in transit? Hope this clears things up! #, then press 4 then 2. Make sure you follow up with them. You copied the sentence from the Fidelity section. Access Issuer Online. Investor Centre. It's best to contact your employer or reach out to the institution holding your funds to determine how many units can be transferred. Send an email to CommsecInternationalSettlements@cba.com.au and commsecinternationaldesk@cba.com.au 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. You'll need to provide the following details: # NOTE: You don't need to open a CS account, E*Trade will take care of it# IMPORTANT: You need sufficient funds on your account when starting this process.# IMPORTANT 2: Using the phone method, you can transfer without the fund requirement.# 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.# PROCESS COMPLEXITY: # TIMING: 5-10 days# METHOD: Preferred method: Phone . Computershare will then prompt you to create your username, password and security questions. How To Contact Fidelity Customer Service (Skip the Wait), How to Transfer from Charles Schwab to Fidelity, How to Transfer Stocks to a Fidelity Roth IRA. Was literally just about to request a guide, but alas. 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. Your CS account #. Then you can enter the verification code. You'll need a few details ready: Your Fidelity Account #, phone number, the security name (ticker), CUSIP, lot acquisition date and cost. Check it out and don't hesitate to drop names like IIROC (as they regulate WS and some 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. From u/Criand / SuperStonk Post: Thought I'd make some bad charts for you visual apes to show what happens when shares are direct registered. Computershare sold the fractional DRIP share, charged a $20-$25 fee for brokering the sale and sent me a check by mail for the net amount. If your name and address match exactly, then the transfer will process within the normal amount of time. You contact Commsec for that form or download it using the link below. Manage your employee portfolio, access tools and support features Access Investor Centre. 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? Fidelity will pull your shares from Firstrade. From here you can follow the Fidelity guide located. Our team is always happy to help. Hope this clears things up! Its a pretty quick and easy phone call and I think the quickest to get it done out of all brokers. Direct Registering Shares (DRS) is the MOASS key handed on a golden platter. 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. Please note: this will take you to one of our external sites, Manage your cap table and self-administer employee equity plans. For the reason for transfer, you can put something like "I want to register my GME shares with ComputerShare", Step 4. Create an account to follow your favorite communities and start taking part in conversations. # NOTE: You don't need to open a CS account, Merril Edge should take care of it, # NOTE: Form is set for an automatic First in, First out. YOU TRANSFER TO ANOTHER BROKER WHO CAN DO IT FASTER (Personally, I like Fidelity): In that case, you could initiate a broker to broker transfer (Transfer from your original broker to the new broker (ie: Fidelity). Not sure if there could be an easier way in the future. We can't take DRS for granted. I am waiting on my account number. Press J to jump to the feed. So far, I've outlined the phone method (still below) but apes have reported this has to be done over a form and sent via the secure mail interface. Things you need to know and/or might need. You can also use the Chat function. Issuer Online. Fidelity have been known to reimburse up to $75 if asked. They are the designated transfer agent for 37.4% of the market. 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). htW TnjZ\UIUG5j. A guide to TRANSFER a portion/all of your GME shares to Computershare (referenced as CS in this post). The Direct Registration System (DRS) allows registered securities to be held in electronic form without having a physical security certificate issued as evidence of ownership. For a successful DRS transfer, your Fidelity account must also be in good standing, and there is no margin debit balance. What Is SPAXX in Fidelity? DRSGME does not give financial advice. Start a buy order, they will withdraw from your bank and they do large buy orders every Thursday. Look Smart $$$, I diversified like you wanted! Privacy Policy. Someone in another specific stock related subreddit is writing a how-to for DRSing ira shares, it sounds like there's some tax id setup required. This will be used to create your CS account. ._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} Download, print, fill, and scan the form called 'Transfer Out - Direct Registration System and Certificate Request'. ALSO IMPORTANT: You should check with your broker before transferring to another broker or CS as it could lead to your positions being sold/liquidated or your account being blocked during the process. I have asked them but yet to receive a reply. Return. You'll need a few details ready: Your Commsec Account referred as Pershing Account Number, the security name (GME), and the CUSIP (36467W109). INTERNATIONAL APES: you'll need to fill a W8-BEN form. There is also a possibility of a $115 fee if the transfer is rejected. When it asks you how you want to fund your account, select transfer from another brokerage. 0000008649 00000 n I understand what an outbound DRS transfer is, and I accept the fees associated with the transfer. %%EOF You might want to follow-up with them a day or so after to make sure it's received and processed. - Really valid question and it's a personal choice again. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/UsersCountIndicator.2ab8dda40f822a31d31c_.css.map*/. No Computershare fee for the ACAT transfer to Vanguard. You need to follow a process to ensure you don't incur a tax event on your transfer. They are the designated transfer agent for 37.4% of the market. However, only whole shares will transfer. I just wanted to share my personal experience transferring shares, to hopefully assist or convince encourage a fence-sitter that this is truly the Manage your share portfolio, update your details, access tax forms, view balances and more. Access Issuer Online. Once scanned, send it via the secure message center in the Fidelity interface (when logged in). 1996 - 2023 Computershare Limited. Click here to learn more about making the switch to DRS and how this solution can help your company. For security reasons we do not recommend giving this information to your broker. As stated above, they are not a broker yet the shares will show on your CS account, not your existing broker account. See page 14 for contact information. 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. Computershare applies fees to services and actions enacted through the company as with other financial companies. Follow the steps and submit. Call the following number 1-800-756-0128 1-800-343-3548 and say it's for 'stock certificates' Step 2. - There are 2 parts to the DRS process: The process with your broker (ie: how long it takes for them to initiate the DRS transfer). Anything above this will require written notice. Dr T has been preaching this for months with CMKM as an example that exposed phantom shares. This is a repost of my initial DRS series. xref Thanks for sharing your experience with us, u/dft-salt-pasta! Step 5. "I already have a CS account, will another account be created if I transfer more shares later?" Said they've had several thousand individuals make this request. This can be handwritten or typed, but it must be signed with wet ink. Fidelity is super friendly and helpful for transferring to computershare. 0000001539 00000 n Best to go buy a share on computer share then drs from fidelity. Heard we are doing round 2 of DRS! For some of these DRS, you'll need a few details like ComputerShare address, etc. Then, Fidelity would manage your DRS transfer in a few days (about 3) so no reason to not bring them business. Mais oui! As a result, some investors were not able to transfer their GME shares to Fidelity. They have a form allowing to do a Transfer out for DRS (see step 2). 0000018659 00000 n Step 1. The transfer process is quite simple. Just head to 'Contact us' and click on 'Secure Mail'. Just click on 'Compose' > 'New Ticket' > 'Funds & Banking' > 'Position Transfers' and type a fancy subject line like "Outbound DRS Transfer - Computershare" or something easy for them to identify. I stated the quantity of GME, and LIFO (Last In, First Out). I have a fidelity cash brokerage account. # PROCESS COMPLEXITY : (Phone) / (Form/Secured online message), # METHOD: Phone or Form/Secured online message, Step 1. Step 2. You can wait 3-5 business days for the verification letter, or you can verify your identity immediately online. Step 1. NOTE: You'll see a note on top of the form for a $500 fee. Public charges a $100(US) fee for each DRS transfer. Step 2. Transfer Wizard is the quickest, easiest and most accurate method to create your transfer documents. 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. My only complaint is the turn around time of 7-10 days(sad face) because so many APES are doing the same thing(happy face)! What about selling once theyre in computershare? Done UPDATED 19/09 5:15pm GMT+10 -Transfer from TD Ameritrade You gotta be patient unless you ain't (see below if that's the case). From my POV, it's a plus. 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