How to transfer shares from Selfwealth to Pearler
Migrating from Selfwealth to Pearler is easy and hassle-free!
Below we take you through the few easy steps to open a Pearler account and transfer your shares.
One thing that makes this easy is that both Selfwealth and Pearler offer CHESS-Sponsored shares, meaning you have your own Holder Identification Number (HIN) and can easily transfer it for free.
Admin can seem like a hurdle, but don’t worry, we’ll guide you through.
Need more background info? See this article that covers how HINs work and why your shares are safe with Pearler.
How do I migrate my investments to Pearler?
You can bring your Selfwealth HIN to Pearler by following the steps below. Note, Pearler does not charge any fees for transfers between the same person!
One great tip: make sure your details exactly match your Selfwealth account (i.e. if you added a middle name or not) and this will ensure a smooth process.
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Sign up and create a Pearler login - include invite code TRANSFER to receive $20 of brokerage credits once your HIN transfer is complete.
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Click Continue setup to start your investment account application
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Continue with Shares (see our pricing page)
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Select the same account type as your Selfwealth investment account (Individual, Joint, Investment Company, Trust/SMSF, Minor or Joint Minor)
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Select the “I want to keep my current HIN” option. Your account will be activated (able to buy & sell) once your HIN transfer is complete.
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Provide your details and verify your identity. Need help finding your HIN, see this helpful article.
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If your verified name is different to your CHESS account name at Selfwealth, please use the “Update verified middle name” option to edit so it matches.
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Select Selfwealth from the broker drop-down list and enter your HIN (‘X’ followed by a ten-digit number) to populate the transfer form for download, print and sign. You can find your Selfwealth HIN by logging in to your Selfwealth account.
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Upload the completed form and photo ID/s of all signees to proceed with reviewing and submitting your application.
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That’s it! You’ll be notified by email once your account is active or if there is anything outstanding in order to complete your transfer.
Once you’re ready, you’ll have the option to Automate your investing!
Step 1
Choose what you would like to Automate. For this example we’ll choose Direct Investing.
Step 2
Choose how you would like to Automate. You can schedule deposits or just automate investments if you prefer to manually deposit.
Step 3
Decide how much you would like to deposit, at what frequency and when you would like to start. I.e I would like to deposit $100 a week starting today.
Step 4
Choose what assets you would like to invest your deposits in to. If you’ve selected more that one asset you can choose invest in one at a time or multiple.
By choosing one asset at time you can rotate between your selected assets or rebalance your assets based on your target percentages
Similarly, by choosing more than one asset you can decide how much you invest in each asset or rebalance your assets based on your target percentages.
Step 5
Finally, you just need to decide how much to accumulate before the investment automation occurs. The minimum investment amount is $650.