In specie transfers

In specie transfers

Consolidate accounts with in specie transfers



Wealthtrac offers a dedicated in specie service that allows you to seamlessly move and consolidate accounts under the platform.


What is an in specie transfer?



In specie is the process of transferring managed funds or shares without selling the underlying investment. It allows you and your clients to transfer assets, such as managed funds and listed shares, into IDPS accounts.


Benefits of in specie transfers



The benefits of carrying out an in specie transfer include:

  • potential savings on buy and sell costs
  • being able to remain invested in the market throughout the transfer
  • potential savings on capital gains tax (CGT) provided there is no change in beneficial ownership.

We suggest that advisers or their clients seek specific tax advice with regards to their specific circumstances.