Cheapest way to sell shares held on Oz Computershare

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Forums › Finance and wealth management › Cheapest way to sell shares held on Oz Computershare

CokemonZ

1044 posts

Uber Geek

#311372 10-Jan-2024 15:51

Due to a death in the family, I've been given some Australian shares.

These are held on Computershare Australia

Due to me not being an Australian resident I can't sell them via Computershare Invester centre - I have to use a broker.

Any ideas on the easiest and cheapest way to do this? They are of significant but not lifechanging value - roughly enough to buy a cheap new ev as an example.

littlehead

214 posts

Master Geek

#3180117 10-Jan-2024 16:53

Sharesies actually has a decent breakdown of itself vs the other local players. If you go to https://www.sharesies.nz/pricing and go to How we compare and look at Australian shares, you can do a comparison per sell order at NZD different amounts.

The total fee will depend how many different securities there are, and how much each security is worth. Each security will be a separate sell order. Most of these companies do a fixed fee per order plus a percentage or variable percentage depending on if you hit a limit or not. Then you have the foreign exchange fees, which can vary wildly. I don't think anyone actually charges for transfers into them, but you will need the HIN and SRNs to do the transfers to some of these brokers. Depending on if there are multiple securities, the most cost effective approach may actually be to use different share brokers depending on the worth of each security.

Hatch

Trade NZ and US shares and funds with Hatch (affiliate link).

CokemonZ

1044 posts

Uber Geek

#3180427 11-Jan-2024 11:44

sharesies is pretty easy, and fairly cheap. Turns out I even have an account already from Gamestop days :)