Can I transfer my Greenlight investment holdings to another brokerage?

Yes, you can transfer your Greenlight investment holdings to another brokerage! However, please note:

• Only whole shares can be transferred.
• Any fractional/partial shares will need to be sold before the transfer request is processed.
• The investment holdings can only be transferred in the Primary Accountholder’s name to another brokerage that is also in the Primary Accountholder’s name.
  • This is because all investing portfolios created with Greenlight are held in the Primary Accountholder’s name.

How do I start the transfer?

To begin the transfer process:

Contact the brokerage firm where you’re transferring your shares to start the paperwork with them. The receiving broker will likely require you to:

• Complete a Transfer Initiation Form or Letter of Authorization (LOA)
  • If needed, the Alpaca DTC number is 3021
• Provide a copy of your most recent Alpaca (Greenlight’s broker) account statement
• Provide your full Alpaca account number. You can find your Alpaca account statements at the bottom of your Invest profile in the Greenlight app. Your statements will have your account number on the upper left-hand side.

Once you have the paperwork for the transfer, you will need to:

• Sell all fractional shares, as only whole shares can be transferred.
• Ensure you have at least $100 of cash funds in your investment account to cover the transfer fee.
• Contact Greenlight customer support by calling 1-888-483-2645 or emailing support@greenlight.com to submit your ACAT transfer request.

What happens next?

Once Alpaca receives the ACAT request from the receiving firm:

• We will take action within 2 business days.
• If the request is accepted and in good order (i.e., there are no issues), the transfer will settle within 5–7 business days.