How do I migrate my US Brokerage account from US and global brokers like eTrade, IBKR, Robinhood etc. to Vested?

How do I migrate my US Brokerage account from US and global brokers like eTrade, IBKR, Robinhood etc. to Vested?

You can transfer securities from one DriveWealth to another DriveWealth account only if you're the primary account holder for both these accounts. Please note that third-party transfers are not allowed on our platform. 

If you already have an account via one of the platforms that also work with DriveWealth, you should follow the below:

Process 

  • 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.

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.