Firstly, please accept our sincere condolences. We understand this is a difficult time, and we’re here to support you in any way we can.
If you hold a joint account with Selfwealth and the other account holder passes away, ownership of the shares will transfer to you. This process is known as survivorship.
How is ownership transferred?
To begin, please contact us at support@selfwealth.com.au to notify us of the passing of the other account holder. If possible, please include a certified copy of the death certificate with your request.
As Selfwealth is a self-service online platform, you will also need to open a new trading account in your name. We will provide specific guidance to assist you with this via email.
What happens next?
Once we have received the certified death certificate and your new individual trading account has been activated, we will arrange for our clearing and settlement partner, FNZ, to transfer the shares from the joint account to your new account.
If there is any cash balance in the joint account, this will also be transferred.