If you’ve got a handful of old shareholdings worth a few hundred dollars here and there, you’re not alone.
Dividend reinvestment plans, employee schemes, DRP leftovers, off-market transfers and corporate actions can all leave you with small or “unmarketable” parcels of shares scattered across different registries.
They’re often too small for traditional brokers to be interested in, and the admin can feel like more trouble than it’s worth. That’s where Unbroker comes in.
We specialise in one-off, issuer-sponsored share sales – including small parcels – and can help you clean up legacy holdings, consolidate your position, or simply close off old files.
What Is a “Small” or Unmarketable Parcel (UMP)?
In simple terms:
- A small parcel is a relatively low-value holding – often a few hundred dollars to a few thousand.
- An unmarketable parcel (UMP) is a term used by companies/registries for parcels below a certain value threshold (often around $500), where it can be administratively inefficient to keep issuing notices and dividends.
Common examples:
- Leftover shares after a DRP or corporate action
- Old IPO or demutualisation shares you never sold
- Shares from a past employee share scheme that you forgot about
- Tiny parcels spread across multiple ASX-listed companies
Why Small Parcels Can Be Hard to Sell
Small and unmarketable parcels can be frustrating because:
- Brokers may not be interested in very small trades, or require you to open a full trading account.
- Fees can exceed the value of the holding, especially for very low parcels.
- Issuer-sponsored holdings (SRN) don’t sit on a broker platform, so you can’t just “log in and sell” unless you onboard somewhere first.
- Multiple registries (Computershare, Link, Boardroom, Automic, etc.) mean multiple logins, resets, and forms.
The result: many people simply ignore them, even if they’d prefer to tidy things up.
Can Unbroker Sell Small Parcels of Shares?
Yes – Unbroker can sell any parcel value, as long as the holding is:
- Issuer-sponsored (SRN-based), and
- Sufficient to cover the service fee from the sale proceeds.
If your parcel is so small that the likely service fee would exceed the sale proceeds, we’ll tell you up-front so you can decide whether it’s worth proceeding.
We’re often engaged to:
- Clean up legacy or scattered portfolios
- Sell multiple small holdings across different registries
- Help executors and advisers close out leftover parcels in estates, SMSFs or trusts
- Clear UMPs before portfolio simplification or advice implementation
How Unbroker Helps You Clean Up Legacy Holdings
Unbroker is designed for one-off, execution-only sales – not ongoing broking or trading accounts. For small parcels and UMPs, that means:
- No trading account required
- No ongoing fees or portfolio transfers
- No upselling or advice pressure – we’re execution-only
- Simple, online process that works across multiple registries and ASX codes
If you have several small holdings, we can process them together through one application (even though each stock is sold separately on-market). That keeps your admin low and gives you a single point of contact.
When It Makes Sense to Sell Small Parcels
People commonly choose to sell small parcels when:
- They want to simplify their finances – fewer statements, fewer registries, fewer moving parts
- They’re completing a financial advice strategy and need to tidy up old positions
- They’re handling deceased estates, SMSFs or family trusts and want everything finalised
- The parcel might be small, but they’d still rather have the cash than an odd lot on a statement
What You Need Before Selling UMPs or Small Parcels of Shares
To sell small or unmarketable parcels through Unbroker, you’ll need:
- Your SRN (Security Reference Number) for each holding
- 100 points of ID for each registered shareholder
- Bank account details in the exact name of the shareholder
- The number of shares you want to sell
We’ll let you know if anything is missing or doesn’t match the registry records.
How the Process Works with Unbroker
- Complete the online form
- Enter your details, each SRN, the number of shares, and your bank account information.
- Verify your identity
- You can usually complete ID verification online in a few minutes using our secure provider, or by supplying certified documents if required.
- We review and confirm
- Our team checks your authority, documents, and that the expected sale value can cover service fees.
- We sell the shares on-market
- For standard small parcels, this is typically same or next business day once everything is in order.
- Funds are paid to you
- Proceeds are paid to your nominated bank account one business day after settlement.
Common Small-Parcel Scenarios We Handle
Some real-world examples we see regularly:
- DRP leftovers” – tiny parcels from dividend reinvestment plans that no longer fit your strategy
- Old employer shares – ESS parcels that vested years ago and have been sitting untouched
- Multiple small ASX codes – a dozen or more small parcels spread across different registries
- Estate residue holdings – odd lots left after the main estate assets are dealt with
- Trust or SMSF clean-ups – tidying the register before restructuring or winding up
If you’re not sure whether your mix of holdings is worth selling, we can give you an indication of likely sale value vs service fees so you can make an informed decision with your adviser or accountant.
Ready to Sell Small or Unmarketable Parcels?
If you have small parcels, unmarketable parcels, or scattered issuer-sponsored holdings you’d like to clean up:
- You don’t need to open a trading account
- You don’t need to call multiple registries
- You do need your SRN, ID, and bank details – and we’ll handle the rest
Unbroker makes it simple to do it once, do it properly, and be done.
If you’re ready to get started, you can submit a one-off share sale request through our online form, or contact our team if you’d like to discuss your situation first.
Frequently Asked Questions
Yes — if your shares are issuer-sponsored and registered in your personal name, you can sell them online without opening a trading account. For more information click here.
Yes — shares registered in joint names can be sold online through Unbroker, as long as both shareholders complete the ID verification process.
100 points of ID is a document-based identity check used in Australia. You’ll need to provide certified copies of documents—like a passport, licence, or utility bill—that add up to 100 points. For more information on 100 points of ID click here.
If your shares are issuer-sponsored and you have the SRN, you can sell them quickly online using Unbroker—no trading account required. For more information click here.
Yes — if your shares are issuer-sponsored, you can sell them online through Unbroker without opening a trading account or using a full-service broker.
Yes — if you're acting under a valid Power of Attorney, you can sell issuer-sponsored shares through Unbroker by providing the required documents and ID. For more information click here.
An SRN identifies shares held directly with a share registry, while a HIN is used for shares held through a broker. Unbroker can only sell shares registered with an SRN. For more, click here.
Yes — if you’re acting as an executor or legal representative for an Estate, you can sell issuer-sponsored shares from through Unbroker by providing the required estate documents and ID. For more information on selling shares belonging to an estate click here.
That’s fine — both shareholders can authorise the funds to be paid into one person's account using a signed authority form provided by Unbroker.
A one-off share sale lets you sell issuer-sponsored shares without opening a trading account or using a full-service broker — perfect for casual or one-time sellers.
Unbroker specialises in one-off share sales — no trading account, no upsells, and no ongoing fees. We're built for people who just want to sell and move on. For a detailed comparison click here.
Most share sales settle within one to three business days — including ID verification, trade execution, and payment. Ubroker offers same-day sale and settlement, enabling you to receive your funds one business day after the sale. For more information on sales and settlement timelines click here.
Yes — if you have your SRN and ID, you can sell issuer-sponsored shares through Unbroker without logging into the registry. Click here for more information.
Yes — if the shares are registered in the company’s name, they can be sold through Unbroker with the proper documentation and ASIC verification.
Yes — if the shares are registered in the name of your trust or SMSF, you can sell them through Unbroker by providing the deed, trustee ID, and other required documents.
Yes — if your ESS shares are issuer-sponsored and registered in your name, you can sell them through Unbroker without needing a trading account. For more information on selling shares from an ESS click here.
Yes — as an overseas resident, you can sell issuer-sponsored shares through Unbroker by posting original certified ID and a signed authority form.
We’re required by law to verify the identity of each registered shareholder before processing a sale — it helps prevent fraud and ensures compliance with ASIC and anti-money laundering regulations. For more information on ID verification click here.
Your SRN is usually found on a holding statement or letter from the share registry — it’s required to sell issuer-sponsored shares through Unbroker.
Yes — as long as you're using a licensed and compliant provider like Unbroker. We verify all sales, protect your information, and never ask for upfront payments.
Yes — as a parent or legal guardian, you can authorise the sale of shares held by a minor by providing certified ID and signing an authority form.
Yes — as long as your IPO shares are issuer-sponsored and no longer subject to escrow, you can sell them through Unbroker without needing a trading account.
If you’ve lost your holding statement, you’ll need to contact the share registry to request a replacement. Once you have your SRN, you can sell your shares through Unbroker.
Yes — as long as you can provide certified evidence of the name change (e.g. marriage certificate or name change certificate), Unbroker can help process your share sale.
You’ll also need 100 points of ID in your current legal name, along with your SRN.
Yes — you don’t need a TFN to sell your shares through Unbroker.
However, if no TFN is recorded on your shareholding, the registry may withhold tax from any dividends you’ve received. This doesn’t affect the sale itself.
If the shareholder can’t sign, someone else may be authorised to act under a valid Power of Attorney or court order. We’ll need certified documents confirming their authority before we can proceed.
