fidelity drs transfer to computersharefidelity drs transfer to computershare

Last month, there was a technical difficulty within Fidelity that prevent DRS transfer from happening. YOU CAN ALSO USE NAASA FOR ASSISTANCE. In most scenarios, you'll be able to transfer vested shares, which are shares that are secured in your possession. First In, First Out aka FIFO - The first shares you bought will be transferred first. How do I view the full number? Just call them as you initiate the verification process. For a successful DRS transfer, your Fidelity account must also be in good standing, and there is no margin debit balance. Your account number, your name, your phone number, your email. Access Investor Centre. 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. TLDR: Called Friday Morning, shares in Computershare today (9/28). Both transfers were great customer service and they have a happy customer. I work as a financial analyst. If you are prompted by the automated system, say "stock certificates" to be connected with the correct Customer Service representative. 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. Answer security questions such as Social Security number, ZIP Code, name of the stock that you hold (GameStop). 0000000016 00000 n 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. DTC# 7807. Computershare is a leader in the financial world, offering items like employee equity plans, stakeholder communications, and diversified financial and economic governance service options. Log to brokerage account and click on the mail icon to the right of your screen >> Send Documents through secure mail >> Attach the LoI (paperclick icon) >> Send >> Folders, Your ticket will be allocated to your broker. With Computershare accounts, the account number is the "key" that allows brokers to authorize a transfer of shares out of the DRS and back to the broker. xref They have a form allowing to do a Transfer out for DRS. We can't take DRS for granted. ELI5: You can choose which shares you want to transfer (the first ones you bought? By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. This is for issuance of a Certificate, not a DRS transfer. Home Support Articles How to DRS Your GME Stock Share to Fidelity. Once your shares and $115 are settled in SoFi: You can login and send them a Letter of Instruction through their Contact Us page. Direct link for TDA form: https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA371.pdf. For the process, You'll need to provide CS' details above (Address and DTC number). . From here you can follow the Fidelity guide located. Step 2. This means each time you want to direct register shares of a specific stock (no matter how many shares) you are charged $100. 0000029697 00000 n This is a restricted community. 0000040821 00000 n Heard we are doing round 2 of DRS! 0000009651 00000 n Click here to learn more about making the switch to DRS and how this solution can help your company.. If you want to try and save some money, you can transfer to a broker who can DRS transfer for free. Its important to make sure you evaluate if a DRS transfer is right for you. Fidelity Total Price Improvement: What Is It? 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. Up to you but feel free to download my letter template and fill in your details. You can also find the form online here but you'll then have to download, print, fill, scan and return. DRSGME does not give financial advice. 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 ). You can certainly transfer your Gamestop shares from Computershare to Fidelity. Step 5. I want to do a Direct Registration System (DRS) of $GME stock to Fidelity. When it asks you how you want to fund your account, select transfer from another brokerage. If you bought all your shares all at once, you probably just need to fill one table. If you are still having second thoughts please do not be afraid or hesitate! From what I understand it takes 4-5 days. For security reasons we do not recommend giving this information to your broker. Section 2: This is basically YOU and YOUR details. This can be handwritten or typed, but it must be signed with wet ink. Your broker may ask you for a Computershare account number. 0000002663 00000 n I did this process and was told by fidelity they require an account number so I have to do it all over again. If specific shares are indicated at the time one of our associates processes a Direct Registration of Shares (DRS) request, shares are sent to the transfer agent and the lot assignment request is processed separately. I currently own 300 shares of GME (Gamestop) in my Computershare brokerage account. Step 2. Step 1. This means each time you want to direct register shares of a specific stock (no matter how many shares) you are charged $115(US). Make it clear you just transferred shares, do not have a registration yet, and don't want to wait for regular post. See bottom of this post for more on this. Dr T has been preaching this for months with CMKM as an example that exposed phantom shares. Put a statement agreeing to the fees, (eg. Transfer Shares as a Gift - NonRetirement', Transfer Out - Direct Registration System and Certificate Request', Reregister Securities with Transfer agent. This can be handwritten or typed, but it must be signed with wet ink. Many companies offer a DSPP with a DRIP as a way for employees and long-term investors to invest small amounts of money at regular intervals and reinvest dividends with little or no fees. Direct Registration is the way. Access the online request form by going to etrade.com >> Accounts >> Documents >> Forms & Applications >> Deposits & Withdrawals section >> Request a Stock Certificate. Send an email with the following details asking for an outbound - DRS Transfer. As a result, a second account may be created for you. Create your account after shares have settled in 6-7 days. Step 4. Step 2. Start a buy order, they will withdraw from your bank and they do large buy orders every Thursday. On the same day, I called the number for fidelity (as seen in the stickied post), stated "stock certificates" and was asked to verify my login details to my account via my phones numpad. Section 4: Your address. Employee Online. 0000028985 00000 n Fidelity New Trading Dashboard Is Now Available, Fidelity Private Client Program Benefits & Requirements, Fidelity (149009) Were Sorry, but Your Account Isnt Eligible. You might need to provide the following details: Your account # with Fidelity Your DOB, SSN and current address How many shares you'll want to transfer and the method. Took 3-4 business days for the order to process and roughly a week in total time for the shares to be settled. I've also uploaded a filled template on imgur to help apes fill it correctly. Direct Registration System (DRS) Transfers and how we lend shares. Step 1. Access Issuer Online. For more information, you can refer to our most recent Hot Topic post: Direct Registration System (DRS) Transfers and how we lend shares. For more information, please see our The fastest solution is certainly as an attachment to a secure email sent from your TD Ameritrade account. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity directly from Fidelity Associates. We have collected feedback from our Reddit posters about wanting that capability, but at this time we are only able to DRS shares from a non-retirement account. I stated the quantity of GME, and LIFO (Last In, First Out). You can also do Online form, Step 1. Check the box next to the security for which a certificate should be issued or a DRS transfer should be processed. The last ones? 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. # 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. Please note, part of the process is to give a question with zero correct answers. Once scanned, send it via the secure message center in the TDA interface (when logged in). Once your account is created, Computershare will send you a verification letter in the mail. The date now is Friday, September 24. I have asked them but yet to receive a reply. Direct Registering Shares (DRS) is the MOASS key handed on a golden platter. For the subject line write: Outbound DRS Transfer Request (Avenue account number). 0000029318 00000 n There is no more need for the verification code. Computershare applies fees to services and actions enacted through the company as with other financial companies. From my POV, it's a plus. 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. Thanks for sharing your experience with us, u/dft-salt-pasta! Access Issuer Online. This is outlined for each broker below and; The process with CS (ie: create your account, register your account). Manage your employee portfolio, access tools and support features For some of these DRS, you'll need a few details like ComputerShare address, etc. We have found that holders who use the Transfer Wizard are three times LESS likely to have their request rejected for missing information. International apes can certainly buy and transfer into CS. 1. Type a quick message and include your signed attachment. You'll then get a verification link to your email. Step 3. If not, then it will take another 2-3 business days. You need to use CAPITAL LETTERS and BLACK INK. Fidelity will pull your shares from Public. 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. The transfer will take 5-10 business days to process. 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). If your name and address match exactly, then the transfer will process within the normal amount of time. You'll need a few details ready: Your Fidelity Account #, phone number, the security name (ticker), CUSIP, lot acquisition date and cost. Receiving firm's details (CS): Name, Address, DTC #, and who you want the shares to be registered to. Dr T has been preaching this for months with CMKM as an example that exposed phantom shares. The number of shares to transfer and the preferred cost basis calculation method for determining "which" shares would be transferred. 0000009490 00000 n Press question mark to learn the rest of the keyboard shortcuts. Step 2. "So why transfer to CS if I can simply not sell some of my shares to create one of these fancy pool for myself?" Download, print, fill, scan and return. Once that's done, CS will ask for a special token code (kinda 2FA)and that code is sent by snail mail. You can wait 3-5 business days for the verification letter, or you can verify your identity immediately online. "What happens if MOASS starts while the shares are being transferred?" 53 0 obj <>stream From start to finish it took two days to get mine transferred. 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. Hi u/ksknksk, and welcome to r/fidelityinvestments. Step 1. 0000001539 00000 n If you ask Fidelity, they can reimburse the $75 transfer fee. - Well, it's a bit weird. <]/Prev 51848>> "What happens once the transfer has gone through with my broker?" Open an account with Fidelity. Step 2. Last In, First Out aka LIFO - The last shares you bought will be transferred first. Privacy Policy. If you are not planning on selling these, why do you care if they are in transit? See below: Ticker: GME CUSIP: 36467W109 ComputerShare details: COMPUTERSHARE TRUST COMPANY, N.A. 0000015021 00000 n It takes a tiny bit more wrinkles but it's doable. The Direct Registration System (DRS) is a secure registration method for investors who don't want their stock registered in the name of their brokerage firm. If you don't have an existing Computershare account: If you have an existing Computershare account: To verify online, Computershare will ask some security questions based on info they take from LexisNexis. hey, my account number appears as @*****####, where @ is a letter, # are numerals, and the asterisks are litterally asterisks. None of this is financial advice. Call the following number 1-800-343-3548 and say it's for 'stock certificates'. 0000028740 00000 n DRS is not available from a retirement account. A place for theoretical discussions about business and stocks - specifically GameStop Stock ($GME). M1 Finance charges a $115(US) fee for each DRS transfer. Box 505005, Louisville, KY 40233-5005. etc.._1W1pLIfaIb8rYU6YeTdAk6{margin-right:6px}._1H6Meh6ZAemKxOJDOEasfK{border-radius:50%;box-sizing:border-box;height:20px;margin-left:-8px;width:20px}._1H6Meh6ZAemKxOJDOEasfK:first-child{margin-left:0}._30vlMmCcnqKnXP1t-fzm0e{display:inline-block;margin-left:-8px;position:relative} Create an account to follow your favorite communities and start taking part in conversations. Investor Centre. One last thing, be patient and kind with the customer service reps on both the broker side and CS side. 0000022384 00000 n Step 2. A DRS transfer shouldn't take more than 3-7 days. When your broker has confirmed it's done, you will not hear from CS to confirm it's completed. Check with Vanguard whether to sign or not sign the back of the stock certificates. All of my shares have been settled for a while. Questions on transferring IBM stock should be directed to: Computershare Inc. P.O. # Important: You need to have the $50 available on your account for the fees. - Once again, you have to be clear about your investment strategy. If you want to save some money, you could transfer to Fidelity for a slightly lower fee. #, then press 4 then 2. Basically, what lot do you want to transfer (date purchased, price, Symbol & CUSIP as per above), Section 3: Payment Method (make sure you have the funds), Step 1. 0 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. Individuals. 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. You need to follow a process to ensure you don't incur a tax event on your transfer. Step 4. Access Employee Equity Plans. 0000029900 00000 n ComputerShare is not some shady company. 0000018659 00000 n The fastest solution is to create a ticket to a Secure Message Server. To verify online, Computershare will ask some security questions based on info they take from LexisNexis. Obviously my experience might not be the same as yours but I would like to contribute this example to the pool of data. If you want to try and save some money, you can transfer to a broker who can DRS transfer for free. Once your your shares and $100 are settled in Public, you can send them a Letter of Instruction. 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. Create an account to follow your favorite communities and start taking part in conversations. This will take roughly 3 days. Make sure you understand if that works for you and call it out to them if not. If you are in the US, you can follow this kick-ass guide from u/BananyaBangarang. # NOTE: You don't need to open a CS account, Fidelity will take care of it. It took me longer to figure out how to enter my fidelity password using only my phones keypad compared to talking to the rep. Register with your SSN, your ZIP code, etc. This sexy ape called u/Bibic-Jr is keeping a good log of all brokers. They don't have a form but based on what other brokers are asking, you want to anticipate and provide all the details. For now, I'm waiting for more verifications. - See bottom of this post for more on this. 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. Total call time ~7 minutes. See page 14 for contact information. Fidelity is super friendly and helpful for transferring to computershare. 0000024294 00000 n Automated Stock Adminstrator's Portal Is It Safe To Link My Bank Account to Fidelity Full View? Issuer Online. 9 0 obj <> endobj Once your account is created, Computershare will send you a verification letter in the mail. I've made a blank template you can use here you can use as an attachment. 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. Saxo trader (AUS, could be international). Login using the username, and password you have created. 0000001196 00000 n Fidelity is a popular choice for being free and fast at direct . Please note, part of the process is to give a question with zero correct answers. Create an account to follow your favorite communities and start taking part in conversations. Fees at $1,000 make it quite prohibitive to transfer IMO. All rights reserved. You contact TDA and ask for a form TDA371 or just use your favourite search engine and type something like "TDA 371 Ameritrade". I just wanted to share my personal experience transferring shares, to hopefully assist or convince encourage a fence-sitter that this is truly the This can be for a few reasons, such as a middle initial existing on one account, but not the other. 0000021240 00000 n Now that the issue has been resolved, you can go ahead and submit your DRS request. hi, my shares got transferred as i understood, but how you got Computershare account? For the email write: I would like an outbound DRS transfer as detailed in the attached Letter of Instruction. For me, I want these shares in MY name, not street name. There is no more need for the verification code. Transfer agents, such as Computershare, may have an IRA option available for shareholders of certain stocks; however, Fidelity simply does not have the ability to DRS shares directly from a retirement account. Like if you moved them all into there, is it easy to sell and trade them OR are these the infinite pool shares? Optional: If you want the shares ordered in Last In First Out (newest shares transferred first), or First In First Out (oldest shares transferred first). SoFi to Fidelity Route: Open an account with Fidelity. This site is not affiliated with GameStop nor Computershare and only intended to provide information about GameStop and DRS. 0000012089 00000 n For the reason for transfer, you can put something like "I want to register my GME shares with ComputerShare", Step 4. %PDF-1.4 % You can also use the Chat function. Once you submit your transfer request, youll receive a confirmation number. This will take another 2-3 business days. Hi! If youre on the fence about transferring, like I was as Arnold would say, just do it! By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Your shares are held in book-entry form. Op, edit your first line of TD ameritrade. Time to send it to your broker. Each investor is responsible for their own decisions. 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)! Press question mark to learn the rest of the keyboard shortcuts. In my case, it took another 1-2 days. and our Say or write: "I want to DRS transfer my GME shares to Computershare". 0000027702 00000 n # Note: You don't need to open a ComputerShare account, IBKR will take care of it as part of the process.

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