I currently have a NISA account at one brokerage (SBI) where I have some stock and I want to change the account to another brokerage (Interactive Brokers Securities Japan Inc.). Can I keep the stock at the previous brokerage when I move to the other brokerage? Do you think there will be a disadvantage if I choose to do so?
Background
I have some stocks of individual Japanese company in a NISA account at SBI that I bought April 2025. I felt it's more important for me to purchase stocks of exchange-traded funds ("ETF") as I'm not very familiar with financial matters (so I don't feel confident choosing stocks effectively) but I still feel that ETFs provide a greater opportunity for my savings to grow than a traditional savings account. Because I am a U.S. citizen, I can't purchase the U.S.-domiciled ETFs at SBI and it seems that IBSJ is one of the few options for U.S. citizens to purchase ETF stocks without them falling into PFIC (Passive Foreign Investment Company).
I know I cannot have a NISA account open at multiple brokerages, so if I want to change the brokerage, I'm gonna have to let the previous brokerage know, receive a 勘定廃止通知書 and present that to the new brokerage.
I don't want to sell the stocks at the old brokerage at this time, but I assumed that I'd have to in order to open the account at the new brokerage. But I looked at the cautionary remarks from SBI and they don't actually say that "you can no longer hold stocks with SBI"? It just looks like you can't buy new stocks and the dividends can't be re-invested in NISA, so made me think maybe I can just keep the stocks at SBI.
From SBI website:
ご案内
■金融機関変更の申込みの前にご確認ください。
SBI証券で保有している商品は、他社のNISA口座に移管ができません。
SBI証券でNISAの新規買付はできなくなります。
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NISAでの買付
分配金のNISAでの再投資
12月に手続きをされた場合、翌年の変更となりますので当年中は当社でご利用いただけます。
I appreciate anyone's thoughts.
by naoyao