At Stake, much like exiting a trade, we make the 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.
Once you’ve filled out the relevant paperwork, drop us an email to let us know you're leaving. DriveWealth, our US brokers will be the ones organising the transfer and ensuring it goes smoothly to your new broker.
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 $20 USD per position 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.
Your existing broker may charge a fee for incoming transfers also, so please make sure you are aware of these also.