Cost basis uses the First In, First Out method. I.e., the oldest shares in your portfolio will be “sold” first.
At present, subject to a 90-day holding period, Sunbrick Equity offers liquidity for certain companies whereby we offer to redeem your fund shares at a disclosed price. This price is determined based on the company’s current buy price, which may vary from time to time. For these transactions, Sunbrick Equity charges a one-time redemption fee of 10% or as otherwise indicated. The specific company, the amount of buy-back liquidity available for each company, the buy-back price, and the redemption fee can change without notice. You can view the redemption fee on the trade screen when you enter a redemption order before you confirm.
To withdraw, please navigate to your wallet and select the specific cash account you would like to withdraw from (if you have an entity set up within your account you will see multiple cash accounts). Once within your cash account, click withdraw, make sure that the funds are available for withdrawal, and continue to follow the prompts to complete your request.
If funds were deposited via ACH, they cannot be withdrawn from the platform until 5 business days after settlement. You'll be able to withdraw the funds once you see the "Available For Withdrawal" balance updated within your wallet. Funds deposited via wire transfer or Uphold are settled immediately and therefore can be withdrawn as long as the "Available For Withdrawal" balance is updated.
Please also note, funds must be returned to their original funding source unless it's been over 90 days.
If you have made a deposit but have not purchased on the platform, you will be prompted to contact us to submit the withdrawal request for you.