To transfer your brokerage account to Public with crypto or fractional shares, a Partial Transfer may be needed to avoid liquidation of assets you want to retain. This allows you to select specific stocks for transfer instead of moving your entire portfolio.
Why can’t I transfer my Crypto?
Crypto itself is not eligible for ACATS transfers. If you do have crypto you’d prefer not to be liquidated, you can proceed with a Partial Transfer. You’ll just need to list out the securities (Stocks and Funds) you wish to transfer and leave your crypto holdings in your old account. You can also liquidate your crypto as part of a Full Transfer, and those funds will appear in your new Public account as cash.
What about fractional shares?
Some fractional shares cannot transfer from one brokerage to the next. If your fractional shares are with a brokerage that uses a clearing firm that is not the same as ours (Apex Clearing), those shares will be liquidated and will transfer as cash to your new Public account. Or you can choose a Partial Transfer and leave those fractional shares in your old brokerage account.
Our member support team is always here for you, so please feel free to reach out with any questions to us via chat or email at support@public.com.