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How to transfer your portfolio

As finance evolves and traditional stock brokerage platforms fall behind the times, investors are increasingly transferring their ASX-listed securities to new brokers. Take Stake as an example.

Stake accepts as many share transfers as you’d like, free of charge (your incumbent broker might have other ideas). The process is fully digital, eliminating the need for piles of paperwork (again, some brokers are more old school on their end). Plus, if your first ASX transfer is worth at least $1,000 in total share value, you will get $3 off your brokerage fees for a year. (T&Cs apply).

Why switch? For one, we offer competitive brokerage fees, at $0 on Wall St and $3 flat per ASX trade (our fees are changing on 3 March 2023. Learn more.)CHESS sponsored, just like the old guard. With a slick trading experience to boot, why wouldn’t people switch? In finance, inertia loyalty doesn’t pay off.

But with hard-earned money on the line, it’s fair enough to wonder: how can you make sure your investments are safe when you make a transfer? Let’s take a look at what exactly happens in a portfolio transfer.

Once you decide whether to do a partial or full portfolio transfer, the first thing to figure out is how your shares are held. Are they issuer-sponsored shares? CHESS-sponsored, with your own HIN, as on Stake? Or under the custodian model? This is important because different types of shares will determine the type of transfer that is required. CHESS sponsored shares (held on a HIN) are done via a broker to broker transfer, and Issuer sponsored shares (SRN) are done via Issuer to CHESS conversion.

Next: are the shares to be held under the same entity or will there be a change in beneficial ownership of the shares?

With those answers in mind, you can consider the type of transfer that applies to you and see in the table below a breakdown of the costs and benefits.

Transferring stocks to Stake is a safe and secure process. It’s all initiated online and we have experts ready to walk you through it. Here are some tips they like to share:

  • Before submitting your transfer request, check if you have open orders on the securities you want to transfer, or any outstanding obligations with your current broker.

  • Double check you have the correct amount of units and company name/stock code to facilitate the process. Note some events can change your number of shares without you buying or selling any.

  • Make sure your signature is exactly like the one on the photo ID provided, and check that your registration details match, especially full name and postal address.

  • Once a transfer is initiated, don’t trade with the shares you’re transferring until we confirm the process has been completed.

Share transfers usually take about two business days, or 40 hours on average, more precisely. But it depends on the process at your external broker. Don’t worry, though: we’ll keep you informed about the progress.

It bears repeating that Stake is a CHESS-sponsored broker, which offers investors full control and ownership of their stocks, and the ability to participate in corporate actions and get updates directly from the company and the registries, no intermediaries needed.

So if you’ve got shares elsewhere, it might be time to join so many of our 500,000 customers who go full Stake. Begin today by going to Portfolio Transfers in the Stake app.

If you have any questions, please reach out directly to share-transfers@stake.com.au and one of our friendly team will assist you


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Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 487221) ('Airwallex'). Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. Stakeshop Pty Ltd will also run marketing and promotions to you under. For more information about SMSFs, see our SMSF Risks page.The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers  before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

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