Who has the ownership of my shares?

Who has the ownership of my shares?

Your shares and cash are held by our broker-dealer and custodian partner (note that clearing and execution for Vested are provided by DriveWealth LLC, a member of FINRA and SIPC, and Drivewealth uses custodian services provided by Citibank).

You can see the presence of these parties in the trade confirmations tab (the trade statement summarizes all the trades you made on the previous day and is produced the next business day) and account statements tab. You can find your trade and account statements in the “Profile and Settings - US Stocks” tab.

Share ownership verification works slightly differently in the US than in India. Shares are held by a third-party custodian in the ‘street name’ of the broker rather than the underlying investor. This is why you do not receive direct emails from the custodian regarding your holdings. You may check the same on DriveWealth's client portal by logging in using the link given below:https://client.drivewealth.com/login