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Tranfer of Rivian shares from Morgan Stanley to another brokerage firm

rivianado

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Hi,

I am looking to transfer my Rivian shares from Morgan Stanley account another brokerage firm (Webull). Are there any penalties or fees associated with the transfer? Has anyone done this without incurring any fee or penalty?
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Tim-in-CA

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I initiated the transfer from my Merril Lynch account. No transfer fees from either side.
 
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Rousie13

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Have they taken the money out of your account for your shares yet? Did they do this automatically or do I need to do something manually? The money is in my account, so I’m guessing they will just do it automatically today or tomorrow.
 
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rivianado

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Have they taken the money out of your account for your shares yet? Did they do this automatically or do I need to do something manually? The money is in my account, so I’m guessing they will just do it automatically today or tomorrow.
Yes, funds were cleared on 11/12 and on the same day received a notification from Bank confirming the funds withdrawal. I guess you don't have to do anything at this point except to sit tight and wait for the confirmation.
 

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Tim-in-CA

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Have they taken the money out of your account for your shares yet? Did they do this automatically or do I need to do something manually? The money is in my account, so I’m guessing they will just do it automatically today or tomorrow.
Merril said it would take 5-7 business days for the funds and cost basis data to fully transfer. I initiated mine in Friday so will have to wait till next week to confirm.
 

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I initiated mine with Schwab and was put on hold. Contacted M.S. and was informed that no transfer process can begin until Monday 15th when the shares are officially out of DSP status.
 

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I initiated mine with Schwab and was put on hold. Contacted M.S. and was informed that no transfer process can begin until Monday 15th when the shares are officially out of DSP status.
Yah- I was waiting for this as well. I did notice I have no idea how to identify my new MS account to the brokerage where I want to transfer the shares. My other broker usually just asks for a recent statment, but no statement yet and no account number from MS?
 

buddha2lotus

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Yah- I was waiting for this as well. I did notice I have no idea how to identify my new MS account to the brokerage where I want to transfer the shares. My other broker usually just asks for a recent statment, but no statement yet and no account number from MS?
Your MS account number is available on the website, access it with a browser, it is under the "Services" tab and listed under "Account Information." For me, MS's website just isn't as user friendly as Schwab's.
 

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What a PIA. I finally think I have transferred my shares from MS to ETrade. It took a while to find the funding portal and even longer to find my MS account #. Then after a lot of trial and error discovered that you have to drop one of the center “0” in the listed MS account number for ETrade to connect to the MS account. I’ll see on Monday if it actually goes through.
 

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rivianado

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Your MS account number is available on the website, access it with a browser, it is under the "Services" tab and listed under "Account Information." For me, MS's website just isn't as user friendly as Schwab's.
Which one should I pick as my account number? I see below options. Is it the Institution Account Number or the number below my name?

Rivian R1T R1S Tranfer of Rivian shares from Morgan Stanley to another brokerage firm 1636912161027
 

Tim-in-CA

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Which one should I pick as my account number? I see below options. Is it the Institution Account Number or the number below my name?

1636912161027.png
I used the number below your name in the For further credit to row. It’s very confusing!
 

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Which one should I pick as my account number? I see below options. Is it the Institution Account Number or the number below my name?

1636912161027.png
It is the institution account number, that's what I used and Schwab recognized it.
 
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rivianado

rivianado

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Just called their helpline. Here's the info they gave.

Services --> Profile + Settings --> Preferences --> Display --> Show/Hide Accounts

Rivian R1T R1S Tranfer of Rivian shares from Morgan Stanley to another brokerage firm 1636917367288
 

IThinkFreely

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Tried to get this going for my ETrade account and can't get it to recognize the MS account number.
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