Optimal Finance Daily - Financial Independence and Money Advice 3429: How to Transfer Your Brokerage Account by Jeff Rose of Good Financial Cents on Investment Relocation
Jan 20, 2026
Learn how to seamlessly transfer your brokerage account without unnecessary hassle. It's easier than you think, often requiring no notification to your current advisor. Discover the ACAT system that makes this process swift and straightforward. Be aware of potential transfer fees and verify the details beforehand. Additionally, understand which assets could complicate your transfer, like certain mutual funds and annuities. Avoid common pitfalls by seeking assistance and keeping an eye on crucial timelines. Empower your financial journey!
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Let New Broker Initiate The Transfer
- Open your new brokerage account first and sign their transfer paperwork so the new firm initiates the move via ACAT for you.
- Do not notify your old firm; the new firm's back office will contact them and handle the transfer.
Get Transfer Fees In Writing
- Ask any prospective broker in writing what transfer or exit fees you'd owe so you can compare costs accurately.
- Do not accept verbal answers; require written confirmation of exact fees.
ACAT Makes Transfers Fast
- Most brokerage transfers use the Automated Customer Account Transfer Service (ACAT), which speeds transfers and enforces deadlines.
- When ACAT applies and there are no problems, transfers typically complete within six business days.