The process to transfer securities out of a Wrap IDPS account to Broker Sponsored holdings depends on whether there is:
How do I transfer securities out of Wrap IDPS to Broker Sponsored holdings?
No Change in Beneficial Ownership (NCBO)
To transfer securities out of a Wrap IDPS account to Broker Sponsored holdings when there’s NCBO, you need to provide:
1. Account closure form with asset transfer section completed with the following:
- Client's account name with external broker
- HIN of external broking account (or PID and account number if held with a custodian)
- Signed by the account holder/s.
Change in Beneficial Ownership (CBO)
To transfer securities out of a Wrap IDPS account to Broker Sponsored holdings when there’s CBO, you need to provide:
1. Letter of instruction, completed with the following:
- Client's account name and number of account with external platform
- HIN of external broking account (or PID and account number if held with a custodian)
- List of assets and number of units to be transferred
- Signed by the account holder/s.
2. Original Australian Standard Transfer form for each asset to be transferred, and completed with the following:
- Asset name, Security code and number of units to be transferred
- Seller: name of the client’s Wrap account (including account number) and signed by the account holder/s
- Buyer: desired registration name and signed by the account holder/s.
- The consideration value.
Change in Legal Ownership
To transfer securities out of a Wrap IDPS account to broker sponsored holdings when there’s a change in legal ownership, you need to provide:
1. Letter of instruction, completed with the following:
- Client's account name and number of account with external platform
- HIN of external broking account (or PID and account number if held with a custodian)
- List of assets and number of units to be transferred
- Signed by the account holder/s.
2. Original Australian Standard Transfer form for each asset to be transferred, and completed with the following:
- Asset name, Security code and number of units to be transferred
- Seller: name of the client’s Wrap account (including account number) and signed by the account holder/s
- Buyer: desired registration name and signed by the account holder/s.
- Consideration: NCBO.
What fees are charged when transferring assets off Macquarie Wrap?
There’s a $20 per asset fee charged when transferring asset out of Macquarie Wrap to an external account or holding.
This fee will be charged from the Wrap Cash account when the assets are moved off platform, or if the account is being closed, as part of the final fee calculation.
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.