Hi Kristal!

Let’s start at the end, you sound like you are on the right path with wanting to avoid any unnecessary fees – you mention avoiding exit fees (nobody likes those), but just for completeness you should just consider the impications if there are potential account keeping fees down the track. If you are happy that the exit fees are worth avoiding and leaving the shares there then that HIN will stay at Stockspot.

Back to your question, you can’t have the same HIN with more than one broker/app so if you decide the original account should stay put, then you will have to create a new HIN with Pearler. There isn’t any reason a person/child can’t have two or three or X HINs, it really comes down to admin.

If you’re buying the same shares/ETFs then you should be able to get the information under your daughter’s name (across both HINs) fairly easily at the end of each year. But this will obviously be slightly less clean than having a single HIN.

In terms of your Pearler experience, switching between accounts is going to work the same way as it currently does between yours and your son’s.

Assuming past investments stay put, you’re still investing with two apps. The real difference is the slight admin hurdle of 2 apps for 3 accounts vs 2 apps for 4 accounts…