I've been doing a bit of trading over the past few years through a trust account in my father's name (although with my money) through Directshares. I've recently set up a Commsec account to take advantage of the $600 brokerage offer and because i generally prefer their platform.
So just a few questions I had in relation to this:
1. Since the shares are in a trust, should I do an Off Market Transfer to transfer the shares into my own name as I am now 18? From memory, their is a fee of $50 for each individual holding, which isn't ideal. If i do decide to do this, i think i just complete a broker to broker transfer which is free of charge.
2. Alternatively, if i don't do this, my other option is to keep my existing shares in the trust account and just start purchasing new shares through my individual Commsec account. Then i will just sell the shares in the trust account when they reach my targets correct?
Thanks for the help,