At Stake, much like exiting a trade, we make the share transfer out process as seamless as possible.
Simply let your new broker know that your shares are with Stake and ask them if they accept transfers via DTC or ACATS. Once you've filled out the relevant paperwork with them, complete this online form here - Outgoing Share Transfer Form
Your new broker will then need to reach out to us in order to initiate this process and we'll play our part in ensuring the transfer goes smoothly.
Fees & Items to note:
Fractional shares can not be transferred out - you can liquidate the fractional component and then transfer the settled cash as part of your portfolio transfer.
DriveWealth charges outgoing DTC Transfers at $15 USD per position or a flat rate of $100 USD for ACATS Transfers when transferring shares out to other providers and we pass them on. Please ensure you have a sufficient cash balance prior to commencing the transfer out or else it will be rejected.
Your new broker may also charge a fee for incoming transfers, so please make sure you are aware of these prior to commencing the process.