The process to transfer in Broker Sponsored securities depends on whether there is:
How do I transfer Broker Sponsored securities (HIN) into IDPS?
No Change in Beneficial Ownership (NCBO)
To transfer in Broker Sponsored securities when there’s NCBO, you need to provide:
1. Broker Transfer Request form for each HIN being transferred, completed with the following:
- Client’s Wrap account number
- Asset name, code and number of units to be transferred for all assets being transferred from the same HIN
- External account name (Securityholder Name Box)
- HIN of the external broking account (or PID and account number if held with a custodian)
- Signed by the trustees/directors/owners registered on the external account.
2. Cost base information (parcel history).
Before you submit the request
- If the client wants to transfer all assets from their external HIN, they can instead write ‘All Holdings’ in the asset list section of the Broker Transfer form.
- If the client wants to transfer assets as per a Portfolio Valuation (PV) report, they can instead write 'As per the attached' in the asset list section of the Broker Transfer form and provide a copy of the PV report.
- When extra units are received on the external account, a new Broker Transfer form will need to transfer these, unless the client has requested ‘All Holdings’ to be transferred.
Change in Beneficial Ownership (CBO)
To transfer in Broker Sponsored securities when there’s CBO, you need to provide:
1. Broker Transfer Request form for each HIN being transferred, completed with the following:
- Client’s Wrap account number
- Asset name, code and number of units to be transferred for all assets being transferred from the same HIN
- External account name (Securityholder Name Box)
- HIN of the external broking account (or PID and account number if held with a custodian)
- Signed by the trustees/directors/owners registered on the external account.
2. Original Australian Standard Transfer form per asset to be transferred, showing the change in legal ownership and completed with the following:
- Asset name, security code, consideration paid and number of units to be transferred
- Seller: name of the external broking account, and signed by the trustees/directors/owners of the external account
- Buyer: name of the client’s Wrap account (including account number), and signed by the trustees/directors/owners of the Wrap account
- The consideration value and transfer date.
Before you submit the request
- If the client wants to transfer all assets from their external HIN, they can instead write ‘All Holdings’ in the asset list section of the Broker Transfer form.
- If the client wants to transfer assets as per a Portfolio Valuation (PV) report, they can instead write 'As per the attached' in the asset list section of the Broker Transfer form and provide a copy of the PV report.
- When extra units are received on the external account, a new Broker Transfer form will need to transfer these, unless the client has requested ‘All Holdings’ to be transferred.
Change in Legal Ownership
To transfer in Broker Sponsored securities when there’s a change in legal ownership, you need to provide:
1. Broker Transfer Request form for each HIN being transferred, completed with the following:
- Client’s Wrap account number
- Asset name, code and number of units to be transferred for all assets being transferred from the same HIN
- External account name (Securityholder Name Box)
- HIN of the external broking account (or PID and account number if held with a custodian)
- Signed by the trustees/directors/owners registered on the external account.
2. Original Australian Standard Transfer form per asset to be transferred, showing the change in legal ownership and completed with the following:
- Asset name, security code and number of units to be transferred
- Seller: name of the external broking account, and signed by the trustees/directors/owners of the external account
- Buyer: name of the client’s Wrap account (including account number), and signed by the trustees/directors/owners of the Wrap account
- Consideration: NCBO.
3. Cost base information (parcel history).
Before you submit a request
- If the client wants to transfer all assets from their external HIN, they can instead write ‘All Holdings’ in the asset list section of the Broker Transfer form.
- If the client wants to transfer assets as per a Portfolio Valuation (PV) report, they can instead write 'As per the attached' in the asset list section of the Broker Transfer form and provide a copy of the PV report.
- When extra units are received on the external account, a new Broker Transfer form will need to transfer these, unless the client has requested ‘All Holdings’ to be transferred.
How do I transfer international listed securities (NCBO only) into IDPS?
To transfer international listed securities into your client’s Wrap IDPS account, please complete the Macquarie Wrap International listed securities in-specie transfer form.
Please provide the parcel history and confirm the currency the parcel history provided is in. For the applicable foreign exchange rate on each parcel, you’ll need to either:
- Supply us with the foreign exchange rate you would like applied; or
- Ask us to apply our system foreign exchange rate based on the acquisition date you provide in the parcel history.
Before you submit the request
- The client can use one of the three check boxes in section 1 to indicate whether they want to:
- transfer their HIN and all Sponsored holdings (security details not required)
- transfer all Sponsored holdings but not their HIN (security details not required), or
- transfer part of their Sponsored holdings (details of the securities to be transferred are required on the form).
- If the client wants to transfer assets as per a Portfolio Valuation (PV) report, they can instead write 'As per the attached' in the asset list section of the Broker Transfer form and provide a copy of the PV report.
When extra units are received on the external account, a new Broker Transfer form will be needed to transfer these, unless the client has requested ‘All Holdings’ to be transferred.
How do I transfer domestic fixed income securities into IDPS?
To transfer domestic fixed income securities into your client’s Wrap IDPS account, please complete the Macquarie Wrap Domestic fixed income securities in-specie transfer form.
Before you submit the request
- The client can use one of the three check boxes in section 1 to indicate whether they want to:
- transfer their HIN and all Sponsored holdings (security details not required)
- transfer all Sponsored holdings but not their HIN (security details not required), or
- transfer part of their Sponsored holdings (details of the securities to be transferred are required on the form).
- If the client wants to transfer assets as per a Portfolio Valuation (PV) report, they can instead write 'As per the attached' in the asset list section of the Broker Transfer form and provide a copy of the PV report.
When extra units are received on the external account, a new Broker Transfer form will be needed to transfer these, unless the client has requested ‘All Holdings’ to be transferred.
Where do I send completed transfer paperwork?
Once all transfer paperwork is completed and signed by your client or relevant parties, please upload via Macquarie Request Centre to ensure you can track your request.
For any original documentation required (as noted in the above) please mail to:
TRN: Case Reference
Macquarie Wrap
Attn: Asset Transfers
GPO Box 4045
SYDNEY NSW 2001
Related articles
-
Making an internal transfer of Separately Managed Accounts (SMA) assets -
Transferring between Wrap IDPS accounts -
Transferring from an IDPS to a Super or Pension as a contribution
Search Help Centre
Input search
Chat to us on Adviser Online
Chat in real-time with an adviser consultant Monday to Friday, 8am to 7pm Sydney time (excluding public holidays).
Resolve a complaint
Everyone at Macquarie is commited to providing our clients with the highest standard of products and services available. If you have feedback we would like you to tell us about it.