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Internal Position Transfers

 

 

Internal Position Transfers

 

To request an internal transfer of positions, use the Internal Position Transfers page in Account Management. Position transfers allow us to efficiently identify your incoming funds for proper credit to your account.

 

 

 

 

Transfer positions between master and sub accounts

 
 
Description

Non-disclosed brokers and STL account users with fund management access for the Master Account can transfer positions of any asset class between the master account and its sub accounts. Please complete a transfer request on the Position Transfers page in Account Management.

 
Time to Arrive

Requests submitted during regular trading hours will transfer immediately. Requests submitted outside of regular trading hours will be processed the next business day.

 
  • Please know that PT does not accept physical stock certificates.
  • Please note that large block position transfers involving small cap securities may be subject to a temporary sale restriction in order to conduct any due diligence necessary to ensure that the shares are registered and not subject to any regulatory restrictions with respect to sales. Inquiries regarding restrictions may be directed to service @ placetrade . com.
Back to the top Funding Reference

 

 

Transfer Positions Internally Between Matching Accounts

 
Description

PT customers can transfer some or all of their assets from one PT account to a matching PT account. The following rules apply:

  • The Account Titles of both accounts must match.
  • The country of legal residence of both accounts must - match.
  • For US customers, the US tax ID (Social Security number) of both accounts must match.
  • For non-US Individual customers, the ID number, ID type (passport, driver's license, national ID, or alien ID) and ID-issuing country must match. For joint non-US customers, the IDs of both first and second holder must match.
  • For non-US Organization customers, the government-issued ID and issuing country of both accounts must match.
  • Linked accounts can use this type of position transfer.

Please complete a transfer request on the Position Transfers page in Account Management.

 
Time to Arrive

Requests submitted during regular trading hours will transfer immediately. Requests submitted outside of regular trading hours will be processed the next business day.

 
Back to the top Funding Reference
 

 

 

IRA Conversion to a Roth IRA Account

 

 
Description

Single IRA Users with a Traditional, Rollover or SEP IRA account can perform an IRA conversion to transfer all assets from their Traditional, Rollover or SEP IRA account to their Roth IRA account. Both accounts must have matching names and taxpayer identification numbers. Select IRA Conversion to Roth Account in Account Management.

 
Time to Arrive

Requests submitted during regular trading hours will transfer immediately. Requests submitted outside of regular trading hours will be processed the next business day. 

 
Back to the top Funding Reference
 

 

 

IRA Recharacterization ~ Converting a Roth IRA Account (that was previously a Traditional IRA and has been converted to a Roth IRA) back into a Traditional IRA

 

 
Description

Single IRA Users with a Roth IRA account can perform an IRA recharacterization to transfer all assets from their Roth IRA account to their Traditional, Rollover or SEP IRA account. Both accounts must have matching names and taxpayer identification numbers. Select IRA Recharacterization in Account Management.

 
Time to Arrive

Requests submitted during regular trading hours will transfer immediately. Requests submitted outside of regular trading hours will be processed the next business day.

 
Back to the top Funding Reference
 

For more information on funding your account, please click here.

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Learn more about retirement planning by visiting some of the links below:

Roth IRA

SEP IRA

SIMPLE IRA

Traditional IRA

Qualified Plans

Rollover IRAs

Find out how Place Trade can help you get the most out of your college planning by visiting some of the links below:


Coverdell ESA

529 College Savings Plans

UGMA/UTMA Accounts