How do I add a nominee for my account?
Log in to your account, Navigate to the"Account Settings"section and Choose"Nominee"from the options on the page.
Click on the tab "Add Nominee[s]". Fill out the following details under Primary nominee:
Name:Enter the full name of the nominee
Percentage:Percentage of holdings to be transferred to the nominee
Nominee Type:Choose the option from the drop-down as per the type of nominee being added. The nominee type can either be a person or an entity
Email:Email ID of the nominee
Date of Birth:Enter the DOB of a nominee
Phone Number:Contact number of the nominee
It is recommended to have at least 1 primary nominee, however, adding a contingent beneficiary is optional. You can add up to 4 primary nominees as long as the total adds up to 100%.
Similarly, you can also add up to 4 contingent nominees as long as the total adds up to 100%. To know more about a primary& contingent nominee clickhere.
Once the relevant information is filled you can click on "Save" to save the nominee details.
Related Articles
What is the difference between primary and contingency nominee?
In the abnormal circumstances where the primary nominee passes away prior to the Account Owner, the remaining portion may be payable proportionately to any surviving primary nominee. In the event that there isn't a surviving primary nominee, the ...How would Stockal transfer the holdings and cash balance to the nominee?
In the unfortunate case of the demise of the account holder, the nominee(s) added by the holder on the "Account Settings" page gets ownership of the user's portfolio (holdings and cash balance). Our broker partner will transfer the securities to the ...Where can I view the details of the nominee, once added?
Once the Nominee information has been added, You can navigate to the "Account Settings". Click on "Nominee" from the options on the screen. The details of both the primary nominee& the contingent nominee would be visible with the Allotment Percentage ...Where can I find my beneficiary account number?
You can find the beneficiary account number by following the below path: a.Click on "Investment Account", select "Add Funds" b.Click on "Add new bank" c.Add your Bank details and click on continue d.Enter the Amount you wish to add and select the ...What are the U.S. bank details for adding funds to my investment account?
The details of the beneficiary bank to add funds are as follows: Beneficiary Name:DRIVEWEALTH LLC Beneficiary Address:28 Liberty St, 50th floor, New York, NY, USA, 10005. Beneficiary Contact Number:+1 800 935 9935 Beneficiary Bank Name:JPMorgan Chase ...