Hello all, hoping someone will be able to provide assistance.
My mother currently holds 12 stocks with CommSec, CHESS. She would like to transfer these shares into my name, I am with NAB trade.
So far my options are simply selling them and rebuying, or an off market transfer.
Selling idea would cost approximately $40 per holding. I am not sure about the cost of the off market transfer. Computershare states that if the seller is the same for multiple holdings, a fee of $55 only needs to be paid once.
CommSec however states that the $55 is payable for each holding, which will cost me significantly more.
Would someone please be able to help me identify what is the cost efficient way of going about this? And whether the $55 is per holding?
Thank you in advance.