Tim-in-CA
Well-Known Member
Yes, you typically can transfer to your own brokerage (I use Merrill Lynch), but the initial purchase needs to be completed with their agent first. Which means you need to open an account with them and transfer funds to that account for initial purchase. Just an extra step I'd rather not have to deal with, hopefully the Pre-IPO discount (if any) will be worth it.Probably not, I've been involved with others where the program administrator just handles the purchase & you can transfer to your own brokerage. Note - not all brokerages support this on the incoming side, but most (all?) do outgoing.
EDIT : The transfer process is called DRS Transfer (Direct Registration System). I had to do this with vested RSUs that were held in a separate account and wanted them transferred to my brokerage account to consolidate.
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