Computershare Transfer Question

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
Post Reply
destin
Posts: 35
Joined: Wed Dec 27, 2017 3:20 pm

Computershare Transfer Question

Post by destin » Mon Apr 23, 2018 1:52 pm

I'm getting ambiguous official answers.

Has anyone here transferred shares from Computershare Transfer Agent to Vanguard? How was the process like and what specifically did you have to do to transfer shares? I only get annual statements from Computershare and I'm planning on mailing that, has that been a problem when transferring?

Did you need to get a medallion signature? Has anyone here transferred shares from Computershare to any brokerage and not require a medallion signature? If Vanguard is to difficult, it it easier to transfer to Fidelity or another brokerage?

Thank You

hale2
Posts: 147
Joined: Sat Feb 15, 2014 5:54 pm

Re: Computershare Transfer Question

Post by hale2 » Mon Apr 23, 2018 2:24 pm

Several years ago I tried to transfer Computershare stocks to Vanguard. Ended up being a major hassle so I donated that stock to my Fidelity DAF. It went smoothly so I transferred my other Computershare holdings to a regular Fidelity brokerage account. I don't recall having to get a medallion signature for Fidelity. I think the transfer from did have to be notarized though.

an_asker
Posts: 2100
Joined: Thu Jun 27, 2013 2:15 pm

Re: Computershare Transfer Question

Post by an_asker » Mon Apr 23, 2018 2:30 pm

destin wrote:
Mon Apr 23, 2018 1:52 pm
I'm getting ambiguous official answers.

Has anyone here transferred shares from Computershare Transfer Agent to Vanguard? How was the process like and what specifically did you have to do to transfer shares? I only get annual statements from Computershare and I'm planning on mailing that, has that been a problem when transferring?

Did you need to get a medallion signature? Has anyone here transferred shares from Computershare to any brokerage and not require a medallion signature? If Vanguard is to difficult, it it easier to transfer to Fidelity or another brokerage?

Thank You
DW recently did this - to Schwab not Vanguard. Compared to the pains I had to go through for a similar transaction two decades ago, this was a piece of cake. She had to log in to her Computershare account and enter the required information. Heck, she didn't even need my help. She did call and talk with the CSR over at Computershare. Apparently they would've done it over the phone as well.

YMMV, as Computershare accounts are company-specific, so your company might not be set up as easy to handle as DW's was. I would suggest giving them a call and find out what they say. Call Computershare that is, not Vanguard. You should have all Vanguard-related account information handy I would assume!

Scrapr
Posts: 74
Joined: Sun May 09, 2010 9:19 am

Re: Computershare Transfer Question

Post by Scrapr » Mon Apr 23, 2018 3:26 pm

I transferred some MCD shares from Computershare to Vanguard last summer. It wasn't particulary difficult. I did have 10 shares of a physical shares that mucked things up. I think we did do medallion signatures. But don't quote me on that. We had some other stuff going on at the time that needed Medallion.

I am kind of hazy on the details but think we did it all on the Vanguard side.

one thing that did make me grrr. In January i got a check from Computershare for about $10. There must have been a dividend on some part of the account. Probably the physical shares. That did not transfer. So now I have a 1099 from Computershare to account for next tax season

Sorry i can't be more specific. It ended up being easy enough

User avatar
abuss368
Posts: 12377
Joined: Mon Aug 03, 2009 2:33 pm
Location: Where the water is warm, the drinks are cold, and I don't know the names of the players!

Re: Computershare Transfer Question

Post by abuss368 » Mon Apr 23, 2018 3:36 pm

I have transferred many securities over the years especially back when trading individual stocks so I can understand the hassle and anxiety. I often called both the broker I was transferring from and also the broker I was transferring too in an attempt to avoid any pitfalls. This always worked well.
John C. Bogle: "You simply do not need to put your money into 8 different mutual funds!" | | Disclosure: Three Fund Portfolio + U.S. & International REITs

moehoward
Posts: 8
Joined: Mon Mar 05, 2018 10:16 am

Re: Computershare Transfer Question

Post by moehoward » Mon Apr 23, 2018 4:10 pm

I transferred shares from Computershare a couple of times in the past but it was to an online broker (ETRADE)

Iridium
Posts: 149
Joined: Thu May 19, 2016 10:49 am

Re: Computershare Transfer Question

Post by Iridium » Mon Apr 23, 2018 7:01 pm

I transferred some shares to Vanguard from a transfer agent (forget if it was ComputerShare or E-Trade). When I had Vanguard pull the shares, the transfer got stuck somehow. When I had the transfer agent push the shares, it was a piece of cake and happened quite easily. The normal advice on this forum is to pull shares when you transfer brokers. However, for transfer agents, I think the best course of action is to push. After all, transferring ought to be the specialty of a transfer agent. Since their real customer is the company and not you, there should not be the same foot dragging you might encounter with closing a brokerage account.

User avatar
Earl Lemongrab
Posts: 4342
Joined: Tue Jun 10, 2014 1:14 am

Re: Computershare Transfer Question

Post by Earl Lemongrab » Tue Apr 24, 2018 12:49 pm

moehoward wrote:
Mon Apr 23, 2018 4:10 pm
I transferred shares from Computershare a couple of times in the past but it was to an online broker (ETRADE)
Did you initiate at Etrade? That's how I usually do transfers, but I don't know if CS has any quirks. I also have some shares of company stock that they gave us in some profit-sharing program years back and I keep meaning to transfer to Merrill Edge.
This week's fortune cookie: "Your financial life will be secure and beneficial." So I got that going for me, which is nice.

abner kravitz
Posts: 296
Joined: Tue May 05, 2015 7:42 am
Location: Beaufort County, SC

Re: Computershare Transfer Question

Post by abner kravitz » Tue Apr 24, 2018 1:39 pm

destin wrote:
Mon Apr 23, 2018 1:52 pm
I'm getting ambiguous official answers.

Has anyone here transferred shares from Computershare Transfer Agent to Vanguard? How was the process like and what specifically did you have to do to transfer shares? I only get annual statements from Computershare and I'm planning on mailing that, has that been a problem when transferring?

Did you need to get a medallion signature? Has anyone here transferred shares from Computershare to any brokerage and not require a medallion signature? If Vanguard is to difficult, it it easier to transfer to Fidelity or another brokerage?

Thank You
I've transferred shares from Computershare to Fidelity every year for the past 10 or so years. No medallion signature was ever required, but some years Fidelity made me print/sign the on-line request form and some years they haven't. When I did have to sign, I did it at the Fidelity branch near me and had them file it rather than mailing it in.

destin
Posts: 35
Joined: Wed Dec 27, 2017 3:20 pm

Re: Computershare Transfer Question

Post by destin » Thu Apr 26, 2018 1:18 pm

From the replies here, it looks like Vanguard has a mixed reputation when transferring from Computershare.

Vanguard is requesting a lot of paperwork with 3-4 weeks estimated transfer time. This is a direct registration transfer. It might be better to use another broker for this transfer.

destin
Posts: 35
Joined: Wed Dec 27, 2017 3:20 pm

Re: Computershare Transfer Question

Post by destin » Tue May 15, 2018 3:58 pm

Update.

Went with Fidelity. Everything was done online with Fidelity and the only thing they requested was a copy of the last statement from Computershare. They preferred a newer one but whatever you could provide to prove ownership was acceptable. They quoted 7 days, it was done in 4. Their website is a mess but if you make it through, it works. Overall, I'm impressed. Much better then the 3-4 weeks Vanguard was quoting.

Your experience may vary.

Post Reply