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.
Sign up and create a Pearler login - include invite code TRANSFER to receive $20 of brokerage credits once your HIN transfer is complete.
Click Continue setup to start your investment account application
Continue with Shares (see our pricing page)
Select the same account type as your Selfwealth investment account (Individual, Joint, Investment Company, Trust/SMSF, Minor or Joint Minor)
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.
Provide your details and verify your identity. Need help finding your HIN, see this helpful article.
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.
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.
Upload the completed form and photo ID/s of all signees to proceed with reviewing and submitting your application.
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!
With Automate, you can set up a regular set and forget Direct investing automation according to your preferences. You are able to choose...
What to invest in
How to add funds
Your preferred investment strategy
Set up how much $ you want to build up before investment/s are made
Let's get started!
Head to your Automate page and click Add an automation.
Click on the Direct investing option
Choose how you want to deposit
Some options require a primary bank account to be set up first
4. Choose which ETFs/shares you wish to include by typing the asset name or the 3- 4 letter ticker code into the search bar, then click "+" to add. Repeat to add another asset.
If you have added more than one ETF or share, you will be asked to choose your preferred investment strategy. Investments made into one vs. multiple assets will affect the brokerage fees incurred.
5. Choose when to make an investment/s.
The $650 minimum per ETF or share added is set by default to ensure that the ASX $500 initial parcel requirement can be satisfied.
6. Name your automation, review and confirm!
You may need to accept a PayTo agreement at your bank if you selected the scheduled deposit funding option
Once an automation has been triggered, the whole balance of the automation will be invested on the next trading day between 10:30 am - 11:00 am according to your instructions.
If you have set up a scheduled deposit Autoinvest, you can still make additional one-off deposits (or transfers from your AUD cash account) into the same automation for when e.g. you receive a bonus or tax refund etc, as well as transferring from your AU
To have external deposits go directly towards a particular automation in future, simply include the reference provided (automateXXXXX) into the reference, message, or description field when making the deposit from your own bank.
Please send us a live chat message or email us at help@pearler.com if you have more questions :)