How do I transfer issuer sponsored shares to CommSec?

How do I transfer an issuer sponsored to CommSec?

If you have issuer sponsored shares that are held with the share registry, you’ll need to transfer them to your CommSec Share Trading Account before you can sell them. To transfer shares, log in to your account, go to Settings, and select “Transfers shares”. You’ll need your Securityholder Reference Number (SRN).

How do I transfer shares to CommSec?

Steps

  1. Log in to CommSec, click on Settings and then head to the Service Centre.
  2. Select “Transfer shares” in the Service Request section.
  3. In the From drop down, select Share registry.

Can I move my shares with one provider over to CommSec?

If you’ve got shares currently held with another broker, you can transfer them over to CommSec. This is known as a Broker-to-Broker transfer (B2B). You previously bought shares and they are sponsored by (i.e. managed by) another broker.

How do I transfer broker sponsored shares?

How can I convert my shares from Issuer Sponsored to my brokerage account? If you have an online broker, you will need to complete an Issuer to CHESS Transfer Form or contact your broker direct and request your securites be transferred across to your HIN.

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Can I transfer my shares to a family member?

For example, you can transfer shares to family members or a spouse, but they have to be members of the same investment platform such as AJ Bell Youinvest or The Share Centre in order to complete the transaction electronically. A process called ‘Bed and Spouse’ can be a tax-efficient way of gifting.

Does it cost to transfer shares to CommSec?

Keep in mind

An Off Market Transfer Fee of $54 applies per stock. It’s charged to the recipient’s account. Transferring stocks could have tax consequences. Please make sure you’ve considered the tax implications before proceeding.

Is SelfWealth better than CommSec?

As Australia’s most popular share trading platform, CommSec is rich in features and trading tools. … On the downside its brokerage fees aren’t the cheapest, with global stock fees particularly high. ★★★★★ 3.7/5. SelfWealth is the cheaper option of the two with a low, flat brokerage fee of $9.50, regardless of trade size.

Can I have 2 CommSec accounts?

Yes, you can have multiple Commonwealth Direct Investment Accounts (CDIA) under your CommSec profile.

Can I transfer shares to my son Australia?

When the minor turn 18, you can transfer ownership of all shares to the child and they will legally own the shares in their name. … A “Change of Ownership” form is required and under most circumstances the adult will not incur capital gains tax because there was no change in beneficiary.

Can you move shares between brokerages?

The most common way to transfer stock between brokers is the direct transfer method. Most brokers use the Automated Customer Account Transfer Service (ACATS) to move investments this way. … This form should be available online, but you can call your new broker if you need help.

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Who is the issuer of my shares?

You can find out how your shares are held from the reference number on the top right corner of your latest holding or dividend statement. If the reference number on your statement begins with an ‘I’ this is a Shareholder Reference Number (SRN) which means your shares are Issuer Sponsored.

What is the best share trading platform in Australia?

Best share trading platforms in Australia

  • Best overall broker: CMC Markets.
  • Best low-cost broker: Superhero.
  • Best for US stocks: eToro.
  • Best for Australian share trading: SelfWealth.
  • Best for international share trading: Interactive Brokers Australia.
  • Best for beginners: Sharesies.
  • Best for active traders: Interactive Brokers.
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