What is the process for electing beneficiaries on my account?

Our brokerage partner "DriveWealth" has a process which allows account owners to elect beneficiaries for their assets.This means in the event of an account owner being deceased, their assets, however allocated, will go to each beneficiary listed.

The steps are as follows:

  • Reach out to our customer support team via support@getbaraka.com and inform us you would like to add beneficiaries to your account.
  • We will then send you the necessary form which you can read all terms & conditions, sign and send back to us.
  • It is important that this document is physically signed by the account holder and not electronically signed. All non signature parts of the form can be filled electronically using a PDF editor.
  • Once you have read all T&Cs, completed the form and physically signed it, you can then scan and send back to us through email via support@getbaraka.com
  • We will submit your request and keep you updated once it has been complete