M1 Finance charges a $115(US) fee for each DRS transfer. This means each time you want to direct register shares of a specific stock (no matter how many shares) you are charged $115(US).
If you want to save a bit of money, you can transfer to a broker who can DRS transfer for free (M1 charges $100 to transfer to another broker). Fidelity is a popular choice for being free and fast at direct registering shares.
M1 Finance to Fidelity Route:
Open an account with Fidelity.
When it asks you how you want to fund your account, select transfer from another brokerage.
Fidelity will pull your shares from M1 Finance, and M1 Finance will charge your account $100. This will take roughly 3 days.
If you ask Fidelity, they can reimburse up to $75 of the transfer fee.
From here you can follow the Fidelity guide located here.
M1 Finance Route:
Once your your shares and $115 are settled in M1 Finance.
Login and use their online chat support.
Write: “I want to DRS transfer my GME shares to Computershare".
If they ask you questions, or try to talk you out of it, simply repeat yourself.
The support agent may ask for the following info:
Your M1 Finance account number, full name, phone number, email address, SSN/Tax ID.
The stock (GameStop), its ticker (GME), and its CUSIP (36467W109).
How many shares you want to transfer.
The Transfer Agent's name, DTC number, and address. In GameStop's case that's: Computershare US. DTC# 7807. Computershare Trust Company, N.A., P.O. Box 505005, Louisville, KY 40233-5005.
Optional: If you want the shares ordered in Last In First Out (newest shares transferred first), or First In First Out (oldest shares transferred first).
The transfer will take 7-10 business days to process.
If you don't have an existing Computershare account:
Your broker and Computershare will take care of the transfer and open a Computershare account for you. This will take another 2-3 business days.
If you have an existing Computershare account:
Your broker will DRS transfer the shares based on your name and address. As a result, a second account may be created for you. This can be for a few reasons, such as a middle initial existing on one account, but not the other. If your name and address match exactly, then the transfer will process within the normal amount of time. If not, then it will take another 2-3 business days.
Your broker may ask you for a Computershare account number. For security reasons we do not recommend giving this information to your broker. With Computershare accounts, the account number is the "key" that allows brokers to authorize a transfer of shares out of the DRS and back to the broker.
After your shares leave your broker:
You can wait 3-5 business days for your account statement to arrive in the mail, or you can begin your account creation early by using your SSN. Although if your name and address are entered differently to your broker it may open a second account. To open your account with your SSN:
Go to Computershare.com/us.
Click on “Login to Investor Center”.
Click on “Register Now”.
Answer security questions such as Social Security number, ZIP Code, name of the stock that you hold (GameStop).
Computershare will then prompt you to create your username, password and security questions.
Once your account is created, Computershare will send you a verification letter in the mail.
You can wait 3-5 business days for the verification letter, or you can verify your identity immediately online.
To verify online, Computershare will ask some security questions based on info they take from LexisNexis. Please note, part of the process is to give a question with zero correct answers. So read the questions carefully.
When you receive the verification code letter:
Return to Computershare.com/us.
Click on “Login to Investor Center”.
Login using the username, and password you have created.
Then you can enter the verification code.
You now have full access to your Computershare account!
There is no more need for the verification code.
We recommend you now activate your two-step verification (2FA) to improve your account security. You can set this up by going to: "My Profile", then "Account Security Preferences".