Transferring your existing investments to Smarterly gets everything in one place, makes it easy to switch into one of the diversified portfolios from our comparison tables, and gives you free , and gives you free Smartercare to help keep an eye on your investments.
Many of the most popular providers (eg Hargreaves Lansdown and Fidelity) support easy transfers (known as TeX). This means that all you need to provide is your account number and we can look after the rest. You can check if your provider supports easy transfers by just typing in their name.
The whole process can take a few weeks. Here is how it works step by step:
Fill in the details of your existing provider on our transfer page
Choose an investment from our comparison tables to switch into as part of the transfer process
Confirm you want to transfer and accept the terms and conditions
If necessary, we will send you a pre-filled transfer authority form which you need to sign and return to us in the envelope provided
We will contact your existing provider and instruct them to sell your existing investments (for ISAs and Junior ISAs, this all happens within the ISA so does not affect the tax benefits. For general investments it may create a capital gain.)
The cash proceeds of the sale will then be transferred across to us and used to purchase the investment you selected from our comparison tables (this can take a few days, during which you won't be exposed to stock market gains or losses)
That's it! SmarterCare will automatically start monitoring your investment