The recent 1.1.1 update from Bungie allows players to move items from their vault to a character, but a new solution for item management makes it a whole lot easier if you're running three characters.

Destiny Item Manager Walkthrough - Move Items Between Characters Watch on YouTube

Watch the tutorial above from Arekkz Gaming to see how to drag and drop items between your vault and characters, as well as loadouts that will select all the required items for you.

Props to Eutral for his hard work.