How To Turn Off Share Lending In Fidelity

Introduction

Welcome to our guide on how to turn off share lending in Fidelity. Share lending is a practice in which brokerage firms temporarily lend out shares from investors’ portfolios to other market participants. While share lending can offer potential benefits, such as generating additional income for the investor, some investors may prefer to disable this feature for various reasons.

In this article, we will walk you through the steps to disable share lending in your Fidelity account. Whether you are a seasoned investor or new to the platform, we will provide clear instructions to help you navigate the necessary settings.

By turning off share lending, you can ensure that your shares remain securely in your account without being loaned out to others. This can provide peace of mind for investors who prefer to have full control over their investment holdings.

Please note that the process outlined in this guide is specific to Fidelity. If you are using a different brokerage platform, the steps may vary. It’s always a good idea to consult your brokerage’s documentation or reach out to their customer support for assistance.

Now, let’s dive into the steps required to turn off share lending in your Fidelity account.

Step 1: Accessing your Fidelity Account

Before you can modify the share lending settings in your Fidelity account, you’ll need to access your account. Follow these steps to log in:

1. Open your preferred web browser and navigate to the Fidelity website.
2. Click on the “Log In” button located at the top right corner of the homepage.
3. Enter your username and password in the respective fields. If you have enabled two-factor authentication, you will also be prompted to provide the necessary verification code.
4. Click on the “Log In” button to proceed.

Once you have successfully logged in, you will be directed to your Fidelity account dashboard. You are now ready to proceed to the next step.

If you are new to Fidelity or have not yet created an account, you will need to sign up for one. Look for the “Open an Account” or “Sign Up” option on the Fidelity homepage and follow the provided instructions.

Now that you have accessed your Fidelity account, let’s move on to the next step to modify the share lending settings.

Step 2: Navigating to the Account Features

Once you are logged into your Fidelity account, you need to navigate to the account features section to modify the share lending settings. Follow these steps:

1. From your account dashboard, locate the navigation menu. It is usually displayed on the left side of the screen.
2. Scroll down the menu and look for the “Accounts & Trade” or “Account Features” option. Click on it to expand the submenu.
3. In the submenu, you may find various options related to your account. Look for “Account Settings” or a similar option and click on it.
4. This will bring you to the account settings page, where you can make changes to your account preferences and features.

Alternatively, Fidelity may have a different layout or menu structure depending on updates and changes. If you are having trouble finding the account settings section, you can use the search function on the Fidelity website to quickly locate the desired page.

Now that you have successfully navigated to the account settings page, you are ready to proceed to the next step and turn off share lending.

Step 3: Turning Off Share Lending

Now that you have accessed the account settings page in your Fidelity account, it’s time to disable share lending. Follow these steps:

1. On the account settings page, locate the “Share Lending” or “Lending Program” section. This section may be listed under the “Securities Lending” or “Lend my Shares” category.
2. Click on the “Share Lending” section to expand it and reveal the available options.
3. Within the share lending settings, you should see a toggle or checkbox option to enable or disable share lending. Toggle this option to the “Off” or “Disabled” position.
4. Some brokerage platforms may require you to provide additional confirmation before disabling share lending. If prompted, review the information provided and confirm your selection to proceed.

By following these steps, you have successfully turned off share lending in your Fidelity account. This ensures that your shares will not be lent out to other market participants.

Note that disabling share lending may limit potential income generation from your investments, as share lending can offer additional returns. However, it also eliminates the associated risks and gives you full control over your shares.

Now that you have disabled share lending, let’s move on to the final step to confirm the change in your account settings.

Step 4: Confirming the Share Lending Setting

After you have turned off share lending in your Fidelity account, it is important to confirm that the changes have been applied successfully. Follow these steps to verify the share lending setting:

1. On the account settings page, locate the section or tab that displays a summary of your account features or preferences.
2. Look for the “Share Lending” or “Lending Program” subsection within this summary.
3. Ensure that the share lending option is indicated as “Off” or “Disabled” in this section.
4. Double-check any additional information or notifications provided to confirm the disabling of share lending.

If you find that the share lending setting is still enabled or you encounter any issues, it is recommended to reach out to Fidelity customer support for assistance. They can provide you with further guidance and ensure that the share lending feature is disabled according to your preferences.

Remember, it is important to periodically review your account settings and preferences to ensure they align with your investment goals and strategies. If you ever decide to enable share lending in the future, you can follow a similar process but toggle the option to “On” or “Enabled.”

With the confirmation of your share lending setting, you have successfully completed the process of turning off share lending in your Fidelity account. Now you can rest assured that your shares will remain securely in your account without being loaned out to others.

Conclusion

We hope this guide has helped you navigate the process of turning off share lending in your Fidelity account. By following the steps outlined in this article, you can ensure that your shares remain securely in your account without being lent out to other market participants.

Disabling share lending gives you full control over your investment holdings and eliminates the risks associated with lending them out. However, it’s important to note that disabling this feature may limit potential income generation from your investments, as share lending can offer additional returns.

If at any point you decide to enable share lending again, you can follow a similar process but toggle the share lending option to “On” or “Enabled” in your Fidelity account settings.

Remember to periodically review your account settings and preferences to ensure they align with your investment goals and strategies. If you have any questions or encounter any issues while modifying your share lending settings or navigating other account features, don’t hesitate to reach out to Fidelity’s customer support for assistance.

Thank you for choosing Fidelity as your trusted brokerage platform. We hope this guide has been informative and helpful in achieving your investment objectives.