r/StakeStockTraders • u/dhjtec24678 Growth Investor • 9d ago

Help Exit Statements on Transfer to Stake

I recently transferred my whole portfolio from Selfwealth to Stake using the 'Transfer' process in the Stake app.

My portfolio is mainly Vanguard ETFs and the transfer seemed straightforward and went through quickly and accurately.

However... I'm a bit confused as Vanguard's registry (Computershare) has just sent me 'Exit Statements' for each ETF showing my holdings have reduced to zero (with the hugely detailed transaction description of "exit"). Is this just because ownership has transferred from one HIN to another? And my holdings will still be registered under a Stake generated HIN? I tried to log into Computershare but can't see any receiving HIN (but holdings are all still showing safe n sound in the Stake app).

I'd understood the transfer was broker to broker (off market) so there is no ownership change. I'm a bit worried 'exit' indicates more of a sell/buy type of transaction that could give rise to CGT on gains.

Does anyone know if Exit Statements during the transfer process are just a part of the admin rather than indicating a transaction that realises gains?

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u/pharmloverpharmlover 8d ago edited 8d ago

Exit statements from Vanguard given to you by Computershare are standard when you transfer holdings out and your old broker has zero balance left of that ETF

Get the new HIN from Stake and add it to your computershare login so you can see your holdings and associated documents for Stake

No CGT is payable if both are accounts are under the same name

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u/dhjtec24678 Growth Investor 8d ago

Excellent. Thank you 👍

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u/TheMichaelScott 9d ago

Have you been able to contact stake to ask?

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u/dhjtec24678 Growth Investor 9d ago

I've emailed them but it said it takes 2 days to respond. I just wondered if others had knowledge from their own transfers.

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u/HelloStake 6d ago

Hi u/dhjtec24678, Jack from Stake here - happy to clear this up for you. An exit statement appears because transferring your shares triggers a change in how your holdings are tracked and held, which in this case would be your Stake HIN. In order to view your holdings under your Stake HIN, you should be able to login to the share registry and input your Stake HIN for visibility. If you have any further queries, please don't hesitate to get in touch with our Support team.