X-O (Jarvis) online platform to close in the summer

Nova1307

Initiated the transfer on iweb last night and the form was emailed for my digital signature earlier today. Very easy to sign and submit without even having to log in to iweb. I then received another email from 'Stockbroking transfers' on behalf of Lloyds confirming receipt. 

Downloaded a full transaction history (both share trading and cash transactions including dividends) from the x-o trading website. I was able to select a pre defined period of up to ten years with a list of all transactions easily downloaded to two pdf files. 

The only question now is what happens to my Shell dividend later this month. I'll log into x-o on the due date unless I hear that the transfer has been completed before that.

Hoenir

Nova1307 said:

The only question now is what happens to my Shell dividend later this month. I'll log into x-o on the due date unless I hear that the transfer has been completed before that.

Dividend will default to XO. As they were the nominee holder of the stock on the ex-div date.  

JenniferK

Hoenir said:

Nova1307 said:

The only question now is what happens to my Shell dividend later this month. I'll log into x-o on the due date unless I hear that the transfer has been completed before that.

Dividend will default to XO. As they were the nominee holder of the stock on the ex-div date.  

Plus you will separately either have to make a request to Jarvis to send you the dividend or request IWEB to request it if you want to remain in your account.  It will not get dealt with automatically by either IWEB or Jarvis.

sprocket1

I found Trading 212 a nightmare to set up an account and clear security.   I use a desktop and it's really for phone people  iWeb was easy to set up and is backed by Halifax/Lloyds

Hoenir

JenniferK said:

Hoenir said:

Nova1307 said:

The only question now is what happens to my Shell dividend later this month. I'll log into x-o on the due date unless I hear that the transfer has been completed before that.

Dividend will default to XO. As they were the nominee holder of the stock on the ex-div date.  

Plus you will separately either have to make a request to Jarvis to send you the dividend or request IWEB to request it if you want to remain in your account.  It will not get dealt with automatically by either IWEB or Jarvis.

When my SIPP was transferred in Deceber. The entire process was seamless. Had to wait some weeks but I didn't regard that as an issue. As I was able to account for all outstanding payments due. I had no expectations of them micro managing thousands of individual cash transfers across thousands of accounts. Totally inefficient and a non productive use of valuable staff time. 

My GIA which I initiated in April has been satisfactorily dealt within a month. Now just the ISA to go. 

miller

Hoenir said:

miller said:

Please can someone confirm if Jarvis are forwarding dividends monthly as a batch and if they've actually received any in their new account? I'm waiting for LBG with a payment date of 20th May.

You should be able to log onto your X-O account and view the cash transactions. 

Did you have any other stocks that you transferred when XD? 

I can log on to my X-O account, but can't see any detail now. Fortunately LBG was the only line that was XD. Seems I can just wait for them to sweep it over or email a request for payment.

UncleK

Nova1307 said:

The only question now is what happens to my Shell dividend later this month. I'll log into x-o on the due date unless I hear that the transfer has been completed before that.

I expect them to land middle of 23rd June, so well before the transfer. Time to nip in and transfer the cash out, in my case. I imagine that's your plan or something similar.

JenniferK

UncleK said:

Nova1307 said:

The only question now is what happens to my Shell dividend later this month. I'll log into x-o on the due date unless I hear that the transfer has been completed before that.

I expect them to land middle of 23rd June, so well before the transfer. Time to nip in and transfer the cash out, in my case. I imagine that's your plan or something similar.

If you have already started the transfer it should complete before the 23rd June.  My transfer took one week.  As the ex-div is 15th May it will land in your Jarvis account on the 23rd June.

Nova1307

UncleK said:

Nova1307 said:

The only question now is what happens to my Shell dividend later this month. I'll log into x-o on the due date unless I hear that the transfer has been completed before that.

I expect them to land middle of 23rd June, so well before the transfer. Time to nip in and transfer the cash out, in my case. I imagine that's your plan or something similar.

It is my plan but if the transfer happens before that then I'm pretty relaxed about it. I expect Jarvis have a project team who will be fully aware of the post transfer dividends issue. 

Hoenir

Nova1307 said:

UncleK said:

Nova1307 said:

The only question now is what happens to my Shell dividend later this month. I'll log into x-o on the due date unless I hear that the transfer has been completed before that.

I expect them to land middle of 23rd June, so well before the transfer. Time to nip in and transfer the cash out, in my case. I imagine that's your plan or something similar.

It is my plan but if the transfer happens before that then I'm pretty relaxed about it. I expect Jarvis have a project team who will be fully aware of the post transfer dividends issue. 

Given the number of clients/accounts involved it's bound to be a drawn out process until the initial hump of exits is cleared.