If you received cash as your distribution, the cost basis is zero and the entire amount is taxable. Effective 6/28/2022, we became Elevance Health, Inc. and changed our stock ticker symbol from ANTM to ELV. Fidelity Transfer to Computershare Computershare I just got off the phone with Fidelity to transfer more of my shares to Computershare. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. To initiate the transfer of securities from one broker-dealer to another, youll need to complete the Transfer Initiation Form (TIF) and send it to your new broker. Our partners compensate us. Both are free for all customers. If the transfer of all of your eligible assets has not completed by then, we will pay within 90 days after the completion of your Transfer Date. The Bogleheads Wiki: a collaborative work of the Bogleheads community, Local Chapters and Bogleheads Community, https://www.fidelity.com/customer-servi fer-assets, https://digital.fidelity.com/ftgw/digit of-assets/. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Please choose an option below. If your shares are held in a stock brokerage account or by a bank, or other nominee, please contact your broker, bank or other nominee directly for assistance. Since most online brokers now charge $0 for stock and ETF trades, they are now much cheaper than a transfer agent. The glitter in CS isn't for everyone. Mutual funds: Fidelity has a strong reputation for its mutual funds: The broker scores well across every funds category with a large selection of no-transaction-fee funds, including its Fidelity Zero index funds, which have no expense ratio and no minimum investment requirement. Fidelity reclaim any Cash Back by withholding an amount prior to transferring or re-registering your assets to another provider. They said the transfer would then take about four weeks. and mail the forms yourself. Zero (see Demutualization Cost Basis below). None of this is financial advice. We ask that the assets you move to us as part of this Offer be held with us for at least 18 months after your Transfer Date and must not be linked to any adviser or intermediary other than a Fidelity adviser during this period. You will also need to open an Investment Account with us if you don't already have one. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. when you open a new, eligible Fidelity account with $50 or more. Share A A A Transfer an account to Fidelity We make it easy to transfer all or part of an account to Fidelityincluding stocks, bonds, mutual funds, and other security typeswithout needing to sell your holdings. Phone, email and live chat 24/7; more than 200 local branches. * Re-registration is not available for some products on the Fidelity Investment Platform. fidelity shares are owned by DTCC and CS puts your shares in YOUR name. Fidelity will not cover any bid-offer spreads or any capital gains tax liability arising as a result of these transactions. Please contact Fidelity at (800) 835-5095 or visit NetBenefits.com if you have . Disclaimer: NerdWallet strives to keep its information accurate and up to date. To change the address associated with your health benefit plan, please call the customer service number that is associated with your insurance membership which is typically located on your insurance identification card. Account eligibility limited to teens aged 13-17. Just now I called to move another (60%) over. If a Participant prefers to sell shares through his/her broker, a request for transfer of book-entry shares, or the issuance of a stock certificate, must be made to Computershare by telephone or in writing. The undersigned does (do) hereby irrevocably constitute and appoint Computershare as attorney to transfer the said stock, as the case may be, on the books of said Company, with full power of substitution in the premises. These investor-friendly practices save customers a lot of money. I started a transfer from ComputerShare to Vanguard via Vanguard's website. The investing information provided on this page is for educational purposes only. https://www.reddit.com/r/Superstonk/comments/pmy4kw/computershare_and_direct_registering_you_dont/?utm_source=share&utm_medium=web2x&context=3. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Manage your employee portfolio, access tools and support features US resident opens a new IBKR Pro individual or joint account receives 0.25% rate reduction on margin loans. 7. by abuss368 Mon Apr 23, 2018 3:36 pm, Post Welcome to Transfer Wizard Please indicate your status by selecting an option below. Indianapolis, IN 46204. Available for iOS and Android; advanced features. A Community for topics directly related to GameStop. The signature(s) below on this Transfer Request form must correspond exactly with the name(s) as 1. Manage your share portfolio, update your details, access tax forms, view balances and more. It also issues account statements. Options. Transfer ISAs, pensions, investment accounts, or junior accounts to manage them quickly and easily all in one place. If your broker charges you for not making enough trades or failing to meet the minimum balance requirements, its probably time to make the switch. Fidelity will reimburse the exit/redemption fees charged to a customer by their former provider/s when they move their investments (minimum of 100) to Fidelity Personal Investing, up to a maximum amount of 500 per customer. by Earl Lemongrab Tue Apr 24, 2018 12:49 pm, Post Those funds come from Fidelity and other mutual fund. This offer is not open to those that transfer via an adviser or intermediary. Shareholders who currently own shares in these companies through a broker/intermediary (beneficial shareholders) can become registered shareholders and manage their holding through Investor . Never forget that, You best have been super nice with them . by FunnelCakeBob Fri Sep 28, 2018 8:32 pm, Post This is NOT a broker-to-broker transfer, this is a transfer to an official registrar, a transfer agent to get shares in your name. NerdWallets comprehensive review process evaluates and ranks the largest U.S. brokers by assets under management, along with emerging industry players. Elevance Health's fiscal year is based on the calendar year. I think the transfer from did have to be notarized though. This taxable income would usually be treated as capital gain. Here is a list of our partners. 2. ork with your contra broker to complete the International Transfer Request Form (see attached). Active Trader Pro is downloadable desktop platform. The Offer will also not apply to assets that are currently held in a product/account provided or administered by any company within Fidelitys group of companies which are transferred to another provider and then moved to Fidelity Personal Investing. *T&Cs apply. Every time, I completed the Schwab transfer request form and Schwab handled it. The closing price of Anthem stock on 7/31/2002 was $67.88. And computershare isn't.. You cant transfer assets from a leveraged account into a cash account. ComputerShare, as a transfer agent, also acts on behalf of dividend-issuing companies. Your destination broker might also have additional restrictions or fees not disclosed outright. Knowing we will leave behind a better legacy. I sent off the paperwork, and while Vanguard told me it would take a few weeks for the transfer, the shares showed up in my account 5 days after I mailed the paperwork. The offering was made in connection with the conversion of Anthem Insurance Companies, Inc. from a mutual insurance company to a stock insurance company in a process called demutualization. Individuals. Transfer was done in about 2 days. by abner kravitz Tue Apr 24, 2018 1:39 pm, Post Ally Invest tells me now that transferring in my several accounts at Computershare will have a $115 fee for each account, which they said has to do with DTC and DRS. This pulls them out of the DTCCs pile. Number of no-transaction-fee mutual funds: 4 out of 5 stars, Tradable securities available: 4.5 out of 5 stars, Customer support options: 5 out of 5 stars. We can only transfer cash in sterling (GBP) to your Fidelity account. ETFs. General Transfer Info. Account Holder (You bought the shares or the shares have been previously transferred into your name.) You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Not rated here, but worth noting: Fidelity also launched a new mobile app, Fidelity Spire, designed for young adults. For more details about the categories considered when rating brokers and our process, *$0.00 commission applies to online U.S. equity trades and Exchange-Traded Funds (ETFs) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. The closing price of Trigon stock on 7/31/2002 was $101.71. 1. If it does, check for any minimum requirements. If you want to sell you shares during MOASS, I would leave them in Fidelity. All financial products, shopping products and services are presented without warranty. If you were a Statutory Member for more than one year, the proceeds will be treated as a long-term capital gain. Some investment choices, such as mutual funds, may require a minimum initial investment. Computershare is not a brokerage and does not have a set fee for the purchase or sale of stock. You also have the option to request printed financial materials by completing an Information Request Form. Thanks. Cash received amounted to $39.60 per share. He has more than 10 years of agency, freelance, and in-house experience writing for financial institutions and coaching financial writers. The closing price of WellPoint, Inc. stock on 11/30/2004 was $101.33. Please contact your registrar (Equiniti, Computershare or Link Asset Services) to find out if you need anything else to complete the transfer (such as additional exit fees). Just a reminder, don't forget fill out your surveys. We cover any exit fees your current provider may charge, up to 500 per person. If they ask you questions, or try to talk you out of it, simply repeat yourself. We are not in a position to advise you, and are not advising you on, or making any representation concerning, your tax basis in our common stock. Computershare to determine if there are any limitations applicable to your particular sale request. If you received stock as your distribution, you will not be subject to income tax on the receipt of stock in the demutualization. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. The Joint Proxy Statement/Prospectus was mailed to shareholders on or about May 20, 2004. After performing some due diligence and confirming your decision as the right one, its time to open an account with your new broker. I just got off the phone with Fidelity to transfer more of my shares to Computershare. See Broker vs transfer agent article for more info. If you purchased your shares of Trigon stock, then your cost basis for the Anthem stock would be the same as the cost basis for the Trigon stock. We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. After all, transferring ought to be the specialty of a. Fidelity's broker-assisted trade fee is higher than we like to see, at $32.95. Your new broker can provide this form. They quoted 7 days, it was done in 4. Technology by HomeStretch Mon Nov 15, 2021 2:04 pm, Post If the cash transfer is not within a pension or ISA, that amount will not count toward your total for the Offer. A copy of that Tax Opinion was included in information provided to Statutory Members at that time. Several years ago I tried to transfer Computershare stocks to Vanguard. If you need more time and wish to qualify for the offer, please wait until the next offer period. Signatures on stock transfer paperwork must be stamped with a Medallion Signature Guarantee by a qualified financial institution, such as a commercial bank, savings bank, savings and loan, US stockbroker and security dealer, or credit union that is participating is an approved Medallion Signature Guarantee Program. If you transfer or re-register your assets to another provider within this 18-month period, Fidelity reserves the right to reclaim any Cash Back payment that was made to you as part of this Offer. Fidelity Transfer to Computershare agent Hype/ Fluff Waiting for a review survey but wanted to give a big shout-out to Julia Burke. by jadedfalcons Fri Sep 28, 2018 9:48 pm, Post From the replies here, it looks like Vanguard has a mixed reputation when transferring from Computershare. Tradable securities: While Fidelity offers fractional shares, forex and options trading, lack of futures gives it a 4.5-star rating for tradable securities. I just transferred some stocks from Computershare to Merrill Edge. However, it is important that you take enough time to decide whether transferring your investment(s) to us is right for you. To qualify for the reimbursement, the fees from the customers former provider must have been triggered as a direct result of the transfer or re-registration to Fidelity Personal Investing, or the closure of an account where the customer has subsequently (within 6 months) invested at least 10,000 through Fidelity Personal Investing. To transferring or re-registering your assets to another provider capital gains tax liability arising a... Out of it, simply repeat yourself quickly and easily all in one place and! A new, eligible Fidelity account with your contra broker to complete the International transfer form! To transfer more of my shares to Computershare Computershare I just got off the phone Fidelity! Than 10 years of agency, freelance, and in-house experience writing for financial and... 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