Re-registration
You may want to move your investments over to a new provider. Perhaps you have been told by a friend that Company X is really performing well at the moment, or you're just fed up with Company Y's exhausting administration procedures? Your financial adviser may have recommended you transfer over to company Z for this reason or another.
Re-registering your assets, if the option is available (click here to see the Fidelity Funds Network Re-Registration Partners), is always preferable to transferring. This is because you do not incur any tax liability when re-registering because you are never out of the markets as the units always remain invested throughout the process. Also, re-registering is free.
If you want to move your funds to a new provider, one which does not accept re-registration from your existing company, you can always transfer your money across. This will involve selling the assets you currently hold (and in so doing incur a potential tax liability) and buying new investments in new funds with the new company. If this sounds intimidating you can talk to us and we will happily help you through the process.
Many people transfer or re-register their funds to consolidate a disparate portfolio. They have a number of investments with a number of different companies which they have amassed over time. We can help you weigh up the pros and cons of consolidating, and can liaise with the individual companies involved to see whether or not re-registration is an option. If this is something you are considering why not look at our Financial Health Check page to get a step-by-step guide, or just give us a call.
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