To transfer an account to Asset Management Strategies you must have a Fidelity account already opened or we will help you to open a new one. We will need to determine if we transfer your funds in kind or liquidate them. Some brokerage firms have proprietary funds that are not eligible to be transferred in kind. They must be liquidated by the Contra firm prior to an ACAT transfer. An ACAT transfer is an automated customer account transfer. ACAT transfers usually take about 7 to 10 business days.
We will need to complete a transfer of assets form that the client will sign and date. In addition, we will need an account statement from your current advisor that can be no older than 60 days.