Transfer dependencies

As the transfer is dependent on third parties, it’s difficult to provide precise timeframes. Some of the third parties we need to engage when transferring assets include: 

  • share registries
  • broking institutions
  • fund managers
  • platform providers or custodians
  • government departments (eg Office of State Revenue). 

The type of investments held, combined with where they are coming from or going to, may also have a significant impact on how long an asset transfer takes. Assuming all the paperwork received by us is correct and no further information is required, the following timeframes can be used as a guide: 

Processing times for transfers

Domestic listed security transfers

  • Issuer-sponsored listed securities can typically be transferred within three to five business days
  • Broker-sponsored listed securities can typically be transferred within three to five business days.

Please note corporate actions and dividend payments may delay a listed security transfer.
 

International listed security transfers

  • Issuer-sponsored listed securities can typically be transferred within ten to fifteen business days
  • Broker-sponsored listed securities can typically be transferred within five to ten business days.

Please note corporate actions and dividend payments may delay a listed security transfer.
 

Managed fund transfers

  • directly held managed funds can typically be transferred within ten business days
  • platform/custodian-held managed investments can typically be transferred within 20 business days.

Please note non-daily priced funds (or Hedge Funds) often have longer completion times as their infrequent pricing can result in processing delays. Distribution payments may also delay a managed investment transfer. Each Fund Manager or custodian’s individual requirements may also delay the transfer.
 

Domestic fixed income security transfers

  • domestic fixed income securities can typically be transferred within five to six business days.

 

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