ACAT
Processing
Do you accept account transfers
to third parties?
No. We will only transfer assets to a like named account that
does not constitute a change of ownership.
Can I still trade in my account once my ACAT has been initiated?
If processing a full ACAT (meaning all assets of the account are
transfering to an entirly different Broker/Dealer) then the account
will be closed to all trading. If you are processing a
partial ACAT (meaning only some of the assets are transferring to an
entirely different Broker/Dealer) then you would still be able to
actively trade in the account, but you would not be able to trade the
securities that are in transfer.
How long will it take to process
my ACAT request?
Usually ACATS take approximatley 4-7 business day to complete although
here are times when it may take longer.
I have a Mutual Fund.
Will I be able to transfer my mutual fund through ACATS?
The ACATS department will send all Mutual Fund transfer requests to be
processed through the Mutual Fund department. If the clearing
house does not have an agreement with that fund, then the Mutual Fund
department will request a liquidation.
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