SelfWealth does not direct register shares, so you need to transfer your shares to another broker that can DRS transfer.
SelfWealth charges a $110 fee for each Basic FOP Transfer. This means each time you want to transfer a specific stock (no matter how many shares) you are charged $110. A popular route has been through Interactive Brokers (IBKR), or nabtrade, or IG Australia. For this example we will use IBKR.
The quickest way is to open an Interactive Broker account, buy a share, and request a DRS transfer (link to guide here). While you wait for your Computershare account to be created, you can transfer your shares from SelfWealth to IBKR with a Basic FOP Transfer ($110), then from IBKR to Computershare via DRS transfer for a $5(US) fee.
How to Transfer:
Please Note: SelfWealth requires your name to match exactly with the account you send the shares to. So make sure you have spelled everything the same, and included middle names if necessary.
Once your shares and $110 are settled in SelfWealth, you need to get a transfer form from SelfWealth, fill it out and send it back. Then submit a transfer request with IBKR.
Login to SelfWealth and start a support chat.
Ask for an outbound transfer form Fill out the outbound transfer form.
Send the transfer form to SelfWealth along with the following information:
Name of the financial Institution: INTERACTIVE BROKERS Ireland Limited.
Address of the financial Institution: 10 Earlsfort Terrace, Dublin, D02 T380, Ireland.
Contact Person: Kathrin – Asset Transfers, Phone: +41-41-726-9500.
Email address of broker: assettransferservice@interactivebrokers.com (this email address is exclusively for bank to bank correspondence).
BIC/SWIFT Code: IBKRUS33XXX.
Account number: Your Interactive Brokers account number.
Full name of the account holder : Your full name.
On the same day, login in your IBKR account, and click on “Transfer & Pay” from the top menu and select “Transfer Positions”.
On the next page select “Incoming”.
On the next page select “All Other Regions” from the drop down menu.
On the next page select “Basic FOP Transfer".
Select SELFWEALTH on the drop down list.
For “Your Account Number at the Financial Institution“ put your SelfWealth account number.
For “Name of Account Holder at Financial Institution“ put your full name as defined on your SelfWealth account.
Select the Account type (most likely individual).
Select the country of the Financial Institution where you access SelfWealth from.
For the contact email put “support@selfwealth.com.au".
You have to add the asset you want to transfer, click on “Add Asset".
On the next page search which stock you'd like to transfer (GME), click on “Search".
On the next page, click on the row “GAMESTOP CORP- CLASS A / NYSE".
On the next page, define how many shares you'd like to transfer and click on “Save and Finish".
On the next page you'll see a summary of the transfer.
Click on “Continue” Now IBKR will know to expect your shares.
The transfer will be processed within 1-2 weeks.
After your shares reach IBKR:
Now you are able to request the DRS transfer from IBKR to Computershare. To do this you can follow our guide on how to DRS transfer from IBKR (link to guide here).