The process for moving your shares from your current broker to your Selfwealth HIN is simple. You will need to complete a broker-to-broker transfer form, and provide a copy of your proof of ID for identification and signature verification.
Completing the Broker to Broker Transfer Form
Filling in the broker-to-broker transfer form is relatively straightforward. Before completing the form, it is recommended that you have the below ready:
- Your account details with your current broker, including your HIN or Account ID if transferring from a custodian broker.
- Your Selfwealth trading account details
- A copy of proof of ID for all account holders (the driver's license or passport will suffice. If transferring from CommSec or AUSIEX, the ID must be certified)
Section 1: Your Selfwealth Account Details
The first section on the form requires you to enter your Selfwealth trading account details.
- Your 'Selfwealth ID' can be found by following the instructions here
- The 'Selfwealth Trading Account Name' will be the name of the individual or entity the account is held under
Section 2: Your Details at the Other Broker
The second section of the form requires you to provide your trading account details with your other broker:
- The 'Sponsoring Broker' is the name of your other broker.
- Each broker trading on the ASX is assigned a number known as a 'PID' For instance, Selfwealth's PID is 3772. If you are unsure of your other broker's PID you can consult one of your CHESS statements or contact your other broker. Most brokers will also include their PID on their website.
- This is the name of the individual or entity the account is registered to with your other broker. Note that this must be the same as your 'Selfwealth Trading Account Name'
- If your trading account is a company, trust or SMSF account, you must include your 'Account Designation' with your other broker
- Your 'Registered Address' is the address to which your other brokerage account is registered. This must match the registered address you provided to Selfwealth.
- Enter your HIN from your other broker here. Please note that some brokers operate on a custodial model, meaning they will not allocate a HIN to you (e.g. IG Markets, Superhero). If your other broker has not allocated a HIN to you, enter your Account ID instead.
Section 3: List of Holdings to Transfer
In this section, you will be asked to list the holdings you wish to transfer. You can enter up to 10 different holdings in this section (if you wish to transfer more than 10 holdings, please refer to page 4 of the form).
You will need to include:
- The ASX ticker code for the holding you wish to transfer (e.g. if you are transferring Selfwealth shares, you would list 'SWF')
- The name of the holding (the company name for shares, or ETF name for ETF holdings)
- The quantity of shares you wish to transfer
Section 4: Signatures and Final Steps
Once you've completed Section 3, you're ready to sign the form! When signing the form, make sure that all account holders sign in pen and date the form. As stated before, digital signatures are not accepted.
You are also provided with an extra page at the bottom of the form just in case all of your holdings do not fit on one page. You can include as many of these extra pages as you would like, as long as all of them are signed and dated at the bottom.
Submitting the Form
Once your form is complete, email it to us at firstname.lastname@example.org. Make sure that you include photo ID for each person who has signed the form, and remember that if transferring from CommSec or AUSIEX, this ID must be certified.
Once you've sent us the form you, can sit back while we take care of the rest! We will let you know via email once the release is approved by your other broker.
Please note: when the shares are moved to your account by the issuer, the 'average price' will not be imported, meaning that your performance information will not be displayed. To correct this, you will need to edit the average price that you bought the shares at, so that the platform knows if you're ahead or behind in value. For instructions on how to update the average price, click here.