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

 

1. Other US Broker to DriveWealth (Vested) – Transfer from External US brokers like E-Trade, Charles Schwab, IBKR, etc. to Vested

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

You can initiate the transfer from our Vested portal

• Log in to your Vested account using the Email ID registered with Vested 
• Click on “Transfer & Wallet.”
• Select “Transfer from Another Broker.”
• Select your broker and enter the required details.

If you have any questions or need clarification, please click the “Request a Callback” button.

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:

• It is advisable not to trade or transfer funds until the transfer has been completed.
• You will not be able to transfer fractional shares, and you can only transfer whole shares.

2. DriveWealth (Other platforms) to DriveWealth (Vested) – Transfer from INDMoney- DriveWealth/Stockal to Vested

You can transfer securities between two DriveWealth accounts only if you are the primary account holder for both. The name on both accounts must match exactly. 

If you already hold an account through another platform that also partners with DriveWealth, please follow the steps below:

Process:

You can initiate the transfer from our Vested portal.

• Log in to your Vested account using your registered email
• Click on “Transfer & Wallet.”
• Select “Transfer from Another Broker.”
• Select “DriveWealth” and enter the required details. In the Platform name, you can mention your Platform name, i.e., Indmoney/Stockal.

If you have any questions or need clarification, please click the “Request a Callback” button.

Charges: 

• Since this is a partner-to-partner transfer, DriveWealth does not charge any fees for this transfer.

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.
• Please refrain from making any trades in either of the accounts until the transfer has been completed.

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.