What is a Transfer?
A transfer is the moving of investor holdings from one account to another account in the investor portal. Transfers are done for a variety of reasons, such as death, divorce, change in account type or moving funds from one IRA Custodian to another.
When can a transfer be processed?
Timing is key. A transfer should not be processed until the prior period is closed. This is to ensure the number of units shown on the new Subscription Agreement and/or transfer agreement is accurate on the effective date of the transfer.
What documentation is required?
Create a new account in the investor portal where all holdings should be transferred under. Click here for a step-by-step guide.
Complete a transfer agreement between the existing account and new account.
⭐Custodied Accounts: before initiating a transfer, contact the Custodian of the investment to confirm their process and requirements for transfers. The process may differ depending on Custodian and/or account type.
Next Steps
To initiate a transfer, send the executed transfer agreement and account number for the new account to Support@Verivest.com for processing.
To find your account number (Mxxxx-xxxx), select Investments > individual investment and view under Investor.
Need help? Contact Support@Verivest.com