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Share ownership

Wall St share ownership

When you purchase shares through Stake, you own the shares. Most brokers and investing platforms (including Stake) operate on a custodian model. 

The custodian ownership model means that your shares are held on your behalf by a trusted custodian. Our U.S. broker-dealer, DriveWealth, manages the books and records nominating your shares as being in your name, and appoints a custodian (Royal Bank of Canada) to hold your shares for you. 

When you invest with Stake, your funds go directly to DriveWealth via our regulated FX partner, Airwallex. Find more information about Stake’s partners here.

Protection 

Our U.S. partner DriveWealth, LLC is a broker-dealer registered with FINRA (U.S. regulator) and a member of SIPC, which protects Stake investors who own U.S. securities for up to US$500,000 (including US$250,000 for claims for cash). With an account at a brokerage firm that is a member of SIPC, your assets are protected whether you’re a U.S. citizen or not. You can read more about SIPC on their website.

Please note that SIPC does not protect against the decline in the value of your securities. SIPC gets involved when a brokerage firm fails and SIPC appoints a trustee to manage the liquidation of the firm for the protection of customers. 

In the unlikely event of Stake closing, you would still have access to all your cash and securities via DriveWealth.

More information is available in our Privacy Policy.

 

Stake Aus share ownership

When you buy ASX shares through Stake AUS, you are issued with a unique Holder Identification Number (HIN), which verifies that you directly own your shares. If a broker does not issue a HIN, this means they use a custodial model for your holdings.


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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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