Yes! Please follow the steps below:
To transfer stocks you own on Grifin to another brokerage provider, you will need to contact your new provider. Please provide them with the following details of the account from which your stock will be coming from, as outlined below:
DTC 3021
Clearing Firm: Alpaca Securities
MPID: APCA
Client's name: [YOUR NAME HERE]
Client's Alpaca account number: [YOUR ACCOUNT NUMBER HERE]
Contact: ACAT/Transfer of Assets Dept.
Important notes:
- Our brokerage provider, Alpaca Securities LLC, charges a $100 fee on outgoing account transfers to a different brokerage account, which they will deduct from your portfolio.
- Fractional shares are not transferrable. Any fractional portion of a full share will be liquidated for cash market value, and then transferred as cash instead.
- For example: If you own 1.5 shares of a stock, 1 full share will be transferred, and the 0.5 shares will be turned into cash before being transferred.