Transfer your US Stock Holdings to Vested!

Ready to move your US stocks, ETFs, and holdings to Vested? We offer a seamless process to make your transition smooth and hassle-free. This article outlines the steps for a hassle-free transition from any broker to Vested, covering two types of transfers:

1. DriveWealth (Other platforms) to DriveWealth (Vested) 
2. Other US Broker to DriveWealth (Vested) 

DriveWealth (Other platforms) to DriveWealth (Vested) 

If you already have an account via one of the platforms that also work with DriveWealth, you should follow the below:

Process 

• Open a Vested account with a quick and digital process.
• Fill out the Internal transfer form.
• Email the filled form to help@vestedfinance.co along with the latest account statement.
• The transfer process usually takes 3-5 business days for the transfer to get completed.
• Fractional shares can be transferred.

Charges 

• Since this is a partner-to-partner transfer, DriveWealth does not charge any fees for this transfer.
• However, your existing broker may impose certain charges. Please get in touch with your broker to know their charges. 

External US Broker to DriveWealth (Vested) 

If you have an account with a US Broker other than DriveWealth, you should follow the below:

Process 

• Open a Vested account with a quick and digital process.
• Fill out the External transfer form and provide a PDF of your most recent account statement. Here is the SAMPLE form for your reference.
• Please check with your broker the method of transfer (ACAT, DTC, DRS, etc.) they accept, and mark the corresponding option on the second page of the form. The process depends on the transfer method supported by your existing broker.
• Email the form to help@vestedfinance.co, along with the most recent account statement.
• The transfers are completed within 7-10 business days.

Charges 

• Neither DriveWealth nor Vested imposes any fee for incoming external share transfers.
• However, your existing broker may impose certain charges. Please get in touch with your broker to know their charges. 

Things to note

• Your account will be frozen until the transfer is completed. It is advisable to not trade or transfer funds during this time.
• You will not be able to transfer fractional shares, and you can only transfer whole shares. You may liquidate your fractional holdings and transfer cash.

Benefits of choosing Vested

Vested goes beyond just buying and selling US stocks. We offer a comprehensive end-to-end experience that sets us apart from the competition. Here’s what makes Vested your ideal partner for US investing:

• Seamless transfers: Move your US holdings smoothly with our easy-to-follow guides and helpful support.
• Cost-effective: Enjoy free incoming Share transfers and competitive fees for other transfer methods.
• Fractional shares: Invest in any US stock, even with small amounts.
• Extended hours trading: Trade before and after traditional market hours.
• Recurring investments: Set up SIPs to grow your portfolio steadily.
• Tax-loss harvesting: Optimize your tax position with our intelligent tools.
• Ready portfolios or Vests: Choose from pre-built models across various themes and asset classes or create your own.
• Simplified tax filing: Access all necessary documents for stress-free tax filing, simplifying the tax season process.
• Premium features: Upgrade to our premium plan for prioritized support, lower brokerage, additional multi-asset class Vests, and more.
• Trusted Brand: Invest confidently with Vested, which is trusted by leading financial institutions. Benefit from exceptional customer support and in-depth market insights and analysis.
• User-friendly platform: Experience a user-friendly platform seamlessly integrated with advanced tools, ensuring a smooth and enhanced user experience.

General points to note

• Transferring stocks incurs no capital gains tax, as it’s a dealer transfer, not a sale.
• Maintain your transaction records with the earlier platform for tax filing purposes.

In conclusion, making the move to Vested for your US stocks and ETFs is a straightforward process with a lot of benefits. Whether you’re transferring within DriveWealth or from another US broker, Vested streamlines the transition with clear steps and support. The platform ensures a hassle-free transfer and offers a comprehensive investing experience with unique features, expertly crafted portfolios (Vests), and premium plans for added advantages. 

Trusted by industry leaders and committed to customer satisfaction, Vested stands out as a reliable partner for your US investment journey. Make the switch today and enjoy a seamless and enriching investment experience with Vested.