To add a beneficiary, simply contact our team via e-mail or in-app chat, and provide the following information:
Beneficiary’s full name
Identification number
Relationship to you as the account holder
Date of birth
Percentage of the portfolio assigned to the beneficiary
*If you want to add more than one beneficiary, please keep in mind that they must be of legal age and the assigned percentages must add up to 100%.
Once you send us this information, a form will be sent to your email. Please review all the information and, if you agree, proceed with signing the form. After your signature, the request will be sent to the appropriate department to finalize the process and include the beneficiaries you’ve chosen.
Please note that adding a beneficiary is different from having a joint account. A beneficiary has no access, control, or ownership over the account while the account holder is alive. Upon the death of the account holder, the assets will be transferred to the beneficiary. At this time, Vest does not offer joint accounts.
We do not recommend adding a minor as a beneficiary, as Vest only opens investment accounts for individuals who are 18 years of age or older.
Securities trading is offered through Northbound Securities LLC, an affiliate of Vest