Morrison Securities are a Trading Participant of one or more Australian Exchanges and also a Clearing Participant of ASX Clear Pty Ltd (a wholly owned subsidiary of ASX Limited).
Who would benefit from a one-off sale?
Individuals wanting to sell a single parcel of shares
Individuals who have inherited a parcel of shares and want to sell them
Why are one-off sales popular?
Fast and efficient
One-off sales | Our service
We offer the following service in relation to one-off sales:
One-off sales account
This is our streamlined, no frills broking account which allows us to typically sell your shares within a trading day.
About the process
If you don’t have a trading account with a broker, iInvest Securities can help you sell your shares without having to open a full broking account.
We ask you to complete a “One Off Sale Form”. This is a fast and convenient way to sell your shares, with a minimum of fuss. This service is suitable if you don’t require an ongoing relationship with a broker, but simply want to sell a parcel of shares. An experienced advisor will handle the sale of your shares.
You Will Need
Your Shareholder Reference Number or ‘SRN’. This can be found on a holding or dividend statement for your shares. We require a copy of this statement.
Original Certified Identification for all shareholders.
Completed One Off Sale forms.
What You Need To Do
Indicate on your iInvest forms the number of shares to be sold, and the price the shares are to be sold at (market price or no less than a limit price that you set)
Post your completed One Off Sale forms along with your certified identification to us.
PO BOX 1092
BURLEIGH HEADS QLD 4220
What Happens Next
Once iInvest receives your completed forms and certified identification, we will:
Confirm your share holding/s with the share registry. Once your holding has been confirmed, we will enter an order to sell your shares as per your instructions.
Note: If we cannot confirm your holdings, we will endeavour to contact you to gather more information about your holding. Your shares cannot be sold until we have confirmed your holding.
After your shares have been sold, we will issue you a contract note. You will need to keep this for your taxation records.
Once your shares have been sold, we will pay you the proceeds of the sale, less our brokerage charges, 3 business days after the trade date.
If you are holding broker sponsored shares on a ‘HIN’ – iInvest can still sell your shares using our One Off Sale Service. You will however be required to complete one additional form to facilitate this. Contact us to enquire about this service.