Bye bye Shareworks.
Hello Lightyear.

Transfer your holdings from Morgan Stanley Shareworks (Solium) to a broker built for the 21st century.

Earn interest

4.50%

3.25%

4.50%

on uninvested cash

When you invest, your capital is at risk. Switching brokers may have cost implications.

Fast, efficient transfers

No fee to transfer from Shareworks

Lightyear's brokerage team will handle your stock transfer.
Quick & easy
1. Initiate a stock transfer
You can start the transfer process from the Lightyear app. Just head to Settings, hit 'Transfer stocks to us', and select your funds. This is available for all stocks on Lightyear for positions of at least $1000, and you can set your own reference purchase price.
2. Create the order in Shareworks
3. Sit back and relax!
1. Initiate a stock transfer

Investors love using Lightyear

The process of transferring from Shareworks to Lightyear was very smooth, and the shares arrived in my account in around 5 business days. This is my first time using Lightyear - it’s really simple and intuitive, with lovely UI design. I’d happily recommend it to others.

Joseph McCormick
Head of Video, Hotjar
Investments on Lightyear

Say goodbye to old-school brokers

Go beyond what Shareworks can do - we've got tools and asset types to suit every investor. Lightyear is an investment app and not a compensation management platforms like Shareworks - so check your requirements before switching.
US StocksEU StocksUK StocksMoney Market FundsETFsInterest
US Stocks

3,000+ US stocks across the NYSE and Nasdaq.

The world's largest stocks

How we compare

We are one of the most competitively priced investment platforms on the market and that's how we like it. Low cost, transparent pricing is in our DNA.
FreetradeInteractive InvestorHargreaves Lansdown
ETFs
Free
Free
£5.99
£11.95
Monthly fee
Free
£5.99
£9.99
Free
US shares
per successful order
$1 max
0.59%
FX fee
£5.99
£11.95 + 0.75%
Dealing & FX fee
UK shares
per successful order
£1
Free
£5.99
£11.95
EU shares
per successful order
1€
0.59%
FX fee
£5.99
£11.95 + 0.75%
Dealing & FX fee
Currency conversion (FX)
0.35%
0.59%
1.50%
0.75%
Multi-currency
Interest on GBP
4.50%
1.00%
Up to £2K
1.10%
1.00%
Interest on USD
4.50%
1.10%
Interest on EUR
3.25%

Pricing comparison of other providers as of 3rd of April 2023 based on a portfolio of  £8,000. Information displayed on the table above is based on competitors' websites information. For the most up to date information please visit their respective websites.

Freetrade: Offers 3 different plans. In the above table  the Standard plan is presented with a monthly fee of £5.99 that can be reduced to £4.99 if paid yearly. Other plans are basic which is free  with a 0.99% FX Fee or plus which is £11.99 (£9.99 if paid annually) with a 0.39% FX fee.

Revolut: Offers 4 different plans. In the above the Standard plan is presented which is their free version which offers also a first trade for free each month . Revolut also offers a plus, premium and metal plans, priced £2.99, £6.99, £12.99 respectively. Offered interest would go up to 1.38% for plus, 2.34% for premium and 2.75% for metal. Standard and plus plans are subjected to and FX fee of 0.5% after the first £1,000 but this fee is waived in Premium and Metal plan.

Interactive investors: Offers 4 different plans. In the above table the Investor plan is presented which offers a credit of £5.99 which is equivalent to the first trade free. Other plans are Investor Essentials, Super Investor and Pension Builder, priced £4.99, £19.99, £12.99 respectively. UK shares and funds and US shares per trade are reduced to £3.99 on the Super investor plan. Interest rates are tiered offering 0.5% on the first £10.000 and 1% over £10.000. FX fee is also tiered and would work as follows.  £25,000 - £49,999 are 1.25%, £50,000 - £99,999.99 are 1%, £100,000 - £599,999 are 0.5%, and £600,000 - £999,999.99 are 0.25%.

Hargreaves Lansdown: Trade cost is based on the number of trades in the previous month. £11.95 fee is the first tier from 1 to 9 trades in the previous month. £8.95 per trade for 10-19 trades  and £5.95 for 20 or more trades. At the same time FX is also tiered with 1.00% FX fee on the first £5.000 and  reduces to 0.75% after the first £5,000, 0.5% after £10,000 and 0.25% over £20,000. Interest rates are also tiered with 1% up to £9.999, 1.20% from £10,000 to £49.999.99, 1.40% from  £50,00 to £99,999.99 and 1.60% for over £100,000.00.

Things you’ll want to know

Questions we’re often asked

Which stocks can I transfer from Shareworks?

You can transfer any stocks and funds that are available to buy and hold on Lightyear. We accept whole shares, and the stock transfer must be at least $1000 worth of shares.

How long will a transfer from Shareworks take?

It varies, but most transfers from Shareworks to Lightyear are fully settled in less than 2 weeks.

How much does it cost to transfer from Shareworks?

We don't charge for transfers from Shareworks. However, please note that your current broker may charge a fee for outbound transfers - they may ask you to pay, or to sell some of your stock to cover their fee. Please check with your current broker whether or not you are likely to incur any fees by transferring your holdings off their platform.

What happens to any dividends while the transfer is in progress?

You should get your entitlement, but it may take time. Any dividends paid to the ceding broker (i.e. Shareworks) after the transfer has happened may be automatically sent on to Lightyear, but are sometimes withheld until you request them from your original broker. Our support team are here to assist with any questions related to transfers and dividends. Be sure to also check out our stock transfers guide.

How do you keep my money safe?

Trusting us with your money is not something we take for granted. Lightyear Europe AS is a licensed investment firm and as such is bound by strict regulatory obligations in how we handle and protect your assets.

Customer assets always sit separately to our own and are held by authorised custodians. There’s no way for creditors - in the unlikely event of anything happening to Lightyear - to get hold of the investments or cash that you hold with us.

Lightyear customers have their assets covered up to the amount of 20,000 EUR by the Estonian Investor Protection Sectoral Fund. Read more about this fund here. Your US securities are held with our partner Alpaca, who is FINRA regulated and a registered member of the SIPC. This means your US securities are protected up to the value of $500,000 should Alpaca fail. You can read more about this directly on the SIPC website.

Read more about how your assets are protected in our help centre.

Is Lightyear a bank?

Lightyear is not a bank. We’re an investment platform, so there are a couple of key differences. While we’re regulated by the same authorities as banks, the protection schemes are slightly different for investment platforms (see here). With regards to customer funds, we cannot use customer money in the same way a bank does by lending it out. You have instant access to your Lightyear assets because of this. We also don’t set our interest rate payments like banks do so we can make sure you’re always getting the best deal. We simply take the central bank rates and then pass it along directly to you, minus a flat administration fee.

How easy is it to withdraw my money?

Easy. We ensure you always have access to your money and we’ve made the process pretty painless for when you need to withdraw. The transfer times depend on the payout method you’re using but never longer than a day or two. For GBP, EUR, and HUF, your funds typically arrive on the very same day. For USD, your funds typically arrive within two days.

Note that at this time, we don't support direct stock transfers out of Lightyear accounts. We're working on adding this feature. Until then, you can liquidate your positions and transfer the funds back to your bank account.

Visit our Help Centre