Selfwealth account

[bfhoon]

HI Everyone

I opened up a selfwealth account and have bought some shares. Ive held TLS shares since 2006 should I apply to have them sent over to my selfwealth account? It was an option I could have chosen when i registered for selfwealth however I was unsure if it would affect anything cost me anything or would have tax consequences. Should I do it now so all my shares are in the one portfolio are there any consequences?

Thanks

 

[HelloU]

hey
it is free to do that. just takes a form from SW and a few days. no comment here on if you should do that.

you should know prior what will happen to the old account (as in consequences such as they may want to charge for an empty account, or they might close it - and that HIN closes with it).

another consequence is registry preferences will be lost for old HIN and will need a redo. If old broker closes account then all records there will go as well.

 

[So_Cynical]

A broker transfer is also not a capital gains event so no tax consequences.