If you already have an account via one of the platforms that also work with DriveWealth, you should follow the below:
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.
Since this is a partner-to-partner transfer, DriveWealth does not charge any fees for this transfer.
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.