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  • How can I transfer my IRA Retirement Account? How to Switch Roth IRAs

     

    How to Switch your IRA Account to Place Trade: IRA Transfer Methods

    Client/Customer Types     IRA Types     Base Currency     FAQs     Account Types     Trading Configuration

     

    IRA FAQs

    Retirement Plan Rollover Chart

    Rollover your 401(k)  

    Cashing out your 401(k)?

    Tax Reporting

    Retirement Planning
    		 
     

     

    Transfer your IRA or Old 401(k) today!

    		  
       
         
     

     

    How can I move my Traditional or Roth IRA Retirement Account to Place Trade?

     

    IRA Transfer Methods

    Transfer methods describe the way an IRA account is funded. All of the following transfer methods are cash transactions, and Trustee-to-Trustee transfers can also use an ACATS position transfer in Account Management.

    Contribution: The dollar amount of assets you are contributing to an IRA account, subject to certain limits based upon your age and the year of the contribution. Contributions are reported to the Internal Revenue Service (IRS).

    Rollover: A transfer of funds from an IRA account with another trustee/custodian, within 60 days following a distribution, to an IRA account at PT. Rollovers are required to be reported to the IRS. IRA account types must be the same in order to rollover assets, for example, if the originating account is a Roth IRA, your account must also be a Roth IRA.

    Direct Rollover: A transfer of funds from a qualified plan (pension, 401(k) or other qualified retirement plans) with an employer to a PT IRA account. In a Direct Rollover, the trustee/custodian of your employer qualified plan (401(k) or pension) transfers your retirement assets directly to us. In general, no withholding tax or penalties apply to a Direct Rollover, however, Direct Rollovers are reported to the IRS.

    Trustee-to-Trustee: A transfer of funds from an IRA account held with another trustee/custodian to an IRA account at PT, where the assets are transferred directly trustee/custodian to trustee/custodian, with no distribution of assets to you. ACATs position transfers are available, however, the IRA account type and Tax ID must match in order to execute the transfer. Trustee-to-trustee transfers are not required to be reported to the IRS. Refer to the Tax Reporting page on our website for information on IRS forms you will receive when transferring retirement plan assets.

     

    Please review the following table below for a list of all available IRA types and applicable transfer methods:

     

    		  
         
    		 
         
     

      How should I transfer my IRA Retirement Account?

       

    IRA Type

    Description

     

    Applicable Transfer Method

     

     

    Traditional IRA
     

     

    A retirement savings plan that allows an individual taxpayer to contribute earnings until they are withdrawn.

    Contributions are subject to annual limits depending on the age of the account owner and may or may not be deductible depending on the individual’s circumstances.
     

    Earnings accumulate tax-deferred until distributed to you at which time the earnings are subject to tax upon withdrawal. A spouse may contribute to a separate account subject to the same limits.
     

    Withdrawals made prior to age 59½ are subject to a 10% penalty unless certain special circumstances apply. Distributions must begin by the account owner’s required beginning date (RBD), which is April 1 following the year you turn age 70½. Once you reach age 70½, you must withdraw at least a minimum amount – an annual Required Minimum Distribution (RMD) - by December 31 of each year. If an account owner fails to withdraw the full amount of the RMD annually or fails to withdraw the RMD, there is a 50% tax penalty on the amount not withdrawn.

    		  


     
    • Contribution
    • Rollover
    • Direct Rollover
    • Trustee-to-Trustee
    • IRA Conversion

    Traditional IRA Rollover

     

      A traditional IRA account that receives assets directly from an employer-sponsored plan such as a 401(k) or pension plan within 60 days of distribution from the plan. As long as no other assets are contributed to the Traditional Rollover IRA, the monies may be rolled over into a new employer's plan. A traditional rollover IRA is commonly used if you are changing jobs or retiring.     

       

     

    • Contribution
    • Rollover
    • Trustee-to-Trustee
    • IRA Conversion

     

     

    Traditional Inherited IRA

     
      An IRA account you may set up as the beneficiary of a Traditional IRA you inherited from a spouse or other IRA account owner who has died, to receive a transfer of beneficiary IRA assets.  

     

    • Contribution
    • Rollover
    • Trustee-to-Trustee
    • IRA Conversion

     

    Roth IRA

     

      A retirement savings plan that allows an individual taxpayer to contribute earnings, subject to certain income limits. Earnings accumulate tax-free and contributions are nondeductible. Unlike Traditional IRAs, a Roth IRA account owner may continue to contribute after age 70½ if they have earned income. Withdrawals prior to age 59½ are subject to a 10% penalty unless special circumstances apply. There are no age requirements when an account owner must begin taking distributions. Contributions are subject to annual limits depending on the age of the account owner.   

     
    • Trustee-to-Trustee
       
    RothInherited IRA
      An IRA account you may set up as the beneficiary of a Roth IRA you inherited from a spouse or other IRA account owner who has died, to receive a transfer of beneficiary IRA assets.  

     

    • Contribution
    • Rollover
    • Trustee-to-Trustee
    • IRA Recharacterization

     
    Simplified Employee Pension (SEP) IRA

     

      A tax-deferred retirement plan for small businesses and self-employed individuals where an employee can set aside a percentage of pre-tax income into the plan. Annual contributions an employer makes to an employee's SEP-IRA cannot exceed the lesser of 25% of compensation, or $53,000 for 2015 and $53,000 for 2016. The same limits apply to contributions made to a self-employed individual's SEP-IRA. There is 100% vesting of all plan contributions. Distributions generally follow the same rules that apply to IRAs.  

    • Trustee-to-Trustee
    Simplified Employee Pension (SEP) Inherited IRA
      An IRA account you may set up as the beneficiary of a SEP IRA you inherited from a spouse or other IRA account owner who has died, to receive a transfer of beneficiary IRA assets.  

     

    • Contribution
    • Rollover
    • Trustee-to-Trustee
    • IRA Conversion

     

    Other Retirement Accounts:

     

     

     

     

     

     

    Please note that the following retirement accounts may also be available through either an may Investment Trust Accounts or held fund direct with a mutual fund investment company:

    		  

     

     

      May be held at either:

    • Investment Trust Account

    or

    • Held Direct via Investment Company (in Mutual Funds with no other individual securities traded)

      Available Conversion Types:

    • This will depend on the particular account type that you choose and where it is currently being held as well as where the new account will be held. Please contact us at 919-719-7200 for more information. 

     

     

     

     

     
    IRS Circular 230 Notice: These statements are provided for information purposes only, are not intended to constitute tax advice which may be relied upon to avoid penalties under any federal, state, local or other tax statutes or regulations, and do not resolve any tax issues in your favor.
    		 

     

    		  

     

    Please call us at 919-719-7200 for assistance with any of your retirement planning needs today!

    		  
     
    Open an Account     Continue or Finish Your Application     How to Choose and Configure Your Account
     
     
    Back to the top
     
    		  

    How to Switch your IRA Account to Place Trade: IRA Transfer Methods

    Client/Customer Types     IRA Types     Base Currency     FAQs     Account Types     Trading Configuration

     

    IRA FAQs

    Retirement Plan Rollover Chart

    Rollover your 401(k)  

    Cashing out your 401(k)?

    Tax Reporting

    Retirement Planning
    		 
     

     

    Transfer your IRA or Old 401(k) today!

    		  
       
         
     

     

    How can I move my IRA Retirement Account to Place Trade?

     

    IRA Transfer Methods

    Transfer methods describe the way an IRA account is funded. All of the following transfer methods are cash transactions, and Trustee-to-Trustee transfers can also use an ACATS position transfer in Account Management.

    Contribution: The dollar amount of assets you are contributing to an IRA account, subject to certain limits based upon your age and the year of the contribution. Contributions are reported to the Internal Revenue Service (IRS).

    Rollover: A transfer of funds from an IRA account with another trustee/custodian, within 60 days following a distribution, to an IRA account at PT. Rollovers are required to be reported to the IRS. IRA account types must be the same in order to rollover assets, for example, if the originating account is a Roth IRA, your account must also be a Roth IRA.

    Direct Rollover: A transfer of funds from a qualified plan (pension, 401(k) or other qualified retirement plans) with an employer to a PT IRA account. In a Direct Rollover, the trustee/custodian of your employer qualified plan (401(k) or pension) transfers your retirement assets directly to us. In general, no withholding tax or penalties apply to a Direct Rollover, however, Direct Rollovers are reported to the IRS.

    Trustee-to-Trustee: A transfer of funds from an IRA account held with another trustee/custodian to an IRA account at PT, where the assets are transferred directly trustee/custodian to trustee/custodian, with no distribution of assets to you. ACATs position transfers are available, however, the IRA account type and Tax ID must match in order to execute the transfer. Trustee-to-trustee transfers are not required to be reported to the IRS. Refer to the Tax Reporting page on our website for information on IRS forms you will receive when transferring retirement plan assets.

     

    Please review the following table below for a list of all available IRA types and applicable transfer methods:

     

    		  
         
    		 
         
     

      How should I transfer my IRA Retirement Account?

       

    IRA Type

    Description

     

    Applicable Transfer Method

     

     

    Traditional IRA
     

     

    A retirement savings plan that allows an individual taxpayer to contribute earnings until they are withdrawn.

    Contributions are subject to annual limits depending on the age of the account owner and may or may not be deductible depending on the individual’s circumstances.
     

    Earnings accumulate tax-deferred until distributed to you at which time the earnings are subject to tax upon withdrawal. A spouse may contribute to a separate account subject to the same limits.
     

    Withdrawals made prior to age 59½ are subject to a 10% penalty unless certain special circumstances apply. Distributions must begin by the account owner’s required beginning date (RBD), which is April 1 following the year you turn age 70½. Once you reach age 70½, you must withdraw at least a minimum amount – an annual Required Minimum Distribution (RMD) - by December 31 of each year. If an account owner fails to withdraw the full amount of the RMD annually or fails to withdraw the RMD, there is a 50% tax penalty on the amount not withdrawn.

    		  


     
    • Contribution
    • Rollover
    • Direct Rollover
    • Trustee-to-Trustee
    • IRA Conversion

    Traditional IRA Rollover

     

      A traditional IRA account that receives assets directly from an employer-sponsored plan such as a 401(k) or pension plan within 60 days of distribution from the plan. As long as no other assets are contributed to the Traditional Rollover IRA, the monies may be rolled over into a new employer's plan. A traditional rollover IRA is commonly used if you are changing jobs or retiring.     

       

     

    • Contribution
    • Rollover
    • Trustee-to-Trustee
    • IRA Conversion

     

     

    Traditional Inherited IRA

     
      An IRA account you may set up as the beneficiary of a Traditional IRA you inherited from a spouse or other IRA account owner who has died, to receive a transfer of beneficiary IRA assets.  

     

    • Contribution
    • Rollover
    • Trustee-to-Trustee
    • IRA Conversion

     

    Roth IRA

     

      A retirement savings plan that allows an individual taxpayer to contribute earnings, subject to certain income limits. Earnings accumulate tax-free and contributions are nondeductible. Unlike Traditional IRAs, a Roth IRA account owner may continue to contribute after age 70½ if they have earned income. Withdrawals prior to age 59½ are subject to a 10% penalty unless special circumstances apply. There are no age requirements when an account owner must begin taking distributions. Contributions are subject to annual limits depending on the age of the account owner.   

     
    • Trustee-to-Trustee
       
    RothInherited IRA
      An IRA account you may set up as the beneficiary of a Roth IRA you inherited from a spouse or other IRA account owner who has died, to receive a transfer of beneficiary IRA assets.  

     

    • Contribution
    • Rollover
    • Trustee-to-Trustee
    • IRA Recharacterization

     
    Simplified Employee Pension (SEP) IRA

     

      A tax-deferred retirement plan for small businesses and self-employed individuals where an employee can set aside a percentage of pre-tax income into the plan. Annual contributions an employer makes to an employee's SEP-IRA cannot exceed the lesser of 25% of compensation, or $53,000 for 2015 and $53,000 for 2016. The same limits apply to contributions made to a self-employed individual's SEP-IRA. There is 100% vesting of all plan contributions. Distributions generally follow the same rules that apply to IRAs.  

    • Trustee-to-Trustee
    Simplified Employee Pension (SEP) Inherited IRA
      An IRA account you may set up as the beneficiary of a SEP IRA you inherited from a spouse or other IRA account owner who has died, to receive a transfer of beneficiary IRA assets.  

     

    • Contribution
    • Rollover
    • Trustee-to-Trustee
    • IRA Conversion

     

    Other Retirement Accounts:

     

     

     

     

     

     

    Please note that the following retirement accounts may also be available through either an may Investment Trust Accounts or held fund direct with a mutual fund investment company:

    		  

     

     

      May be held at either:

    • Investment Trust Account

    or

    • Held Direct via Investment Company (in Mutual Funds with no other individual securities traded)

      Available Conversion Types:

    • This will depend on the particular account type that you choose and where it is currently being held as well as where the new account will be held. Please contact us at 919-719-7200 for more information. 

     

     

     

     

     
    IRS Circular 230 Notice: These statements are provided for information purposes only, are not intended to constitute tax advice which may be relied upon to avoid penalties under any federal, state, local or other tax statutes or regulations, and do not resolve any tax issues in your favor.
    		 

     

    		  

     

    Please call us at 919-719-7200 for assistance with any of your retirement planning needs today!

    		  
     
    Open an Account     Continue or Finish Your Application     How to Choose and Configure Your Account
     
     
    Back to the top
     

  • How to Transfer my Account to Place Trade - US Securities - ACATS, DTC, DWAC, DRS & More

     

    Account Management > Funding > Position Transfers > ACATS Transfers > Full ACATS Transfers

     

    Transfer my Account to Place Trade

    Full Transfer

    Partial Transfer

    Rejected Transfers

    Funding Reference

     

     

    How to Transfer Your Account to Place Trade:

     

    You can transfer your entire account all at once or choose to transfer positions individually. The transfer method used depends on the type of account or securities that you wish to transfer. Log into Account Management to get started using the Position Transfers menu to transfer positions to and from your account. Feel free to call us at 919-719-7200 for assistance today. 

     

    What types of position and account transfers does Place Trade support? 

    Through your Place Trade brokerage account, we support the following types of position transfers

    • Automated Customer Account Transfer Service (ACATS): ACATs are the most common way to transfer US brokerage accounts!
    • Account Transfer on Notification (ATON) for Canadian securities
    • DRS - Direct Registration System
    • DWAC - Deposit/Withdraw at Custodian
    • Transfer Assets to an Advisor-Managed Account
    • Transfer International Assets
    • Free of Payment (FOP) for US stocks
    • US futures (Beginning mid-2018)
    • Internal Transfer Positions
    • Position Transfer Between Master and Sub Accounts

    Log into Account Management to get started today.

    Please note that when you request an ACATS, ATON or FOP position transfer, you have the option of creating and/or using a Position Instruction.

    Separately from your brokerage account, Place Trade supports trustee to trustee transfers and asset transfers involving multiple investment companies. Please call us at 919-719-7200 for assistance today.

     

     

    How to Transfer my Account to Place Trade - US Securities

         
     

    For New Clients who wish to transfer an existing account (held at another firm) to a new Place Trade account (full or partial): 

    You mayinitiate the account transfer from directly within the new account application (under Fund Your Account). The equity in the account that you are transferring in (to your new Place Trade account) may be used to offsetnew account minimum equity requirements. Transferring your account to Place Trade is super fast and easy however we are happy to help you if would like to have someone help you!  Just give us a call at 1-919-719-7200 for assistance.  

    		  
         

     

    Why spend another day being unhappy?  Switch to Place Trade today!

    Award Winning Service * Great Pricing * Lowest Margin Rates * Verified Best Execution * Multiple Trading Platforms * Advanced Trading Tools

     

    Simple Tips to Transfer an account (from another firm) to an existing account Place Trade®:

                                                        View Process Flow - FULL ACATS TRANSFER (Overview Account Transfer Process)

     

     

    How do I transfer my US securities positions from my current broker to Place Trade?

     
     
    Overview:

    Broker to broker transfers for US securities are conducted via a process known as the Automated Customer Account Transfer Service or ACATS. This process generally takes between 4 to 8 business days to complete in order to accommodate the verification of the transferring account and positions. The request is always initiated via the receiving broker (Place Trade [PT] in this case) and can be prompted by following the steps below.

    1. Log into Account Management and select the Funding and then Position Transfers menu options.

     

    2. From the Transfer Method drop-down list select ACATS - US Broker Transfer.

     

    3. From the Type drop-down list select either Full or Partial.

    a. Please note that the Full election does not require that you specify any assets as an attempt will be made to transfer your account in its entirety. Account holders should note, however, that certain positions may not be on the list of securities eligible to trade at PT and others, while transferable, may be subject to a house margin requirement higher than that of the delivering broker. In the event PT receives an asset list from the delivering broker which includes ineligible positions or the aggregate of the positions transferred are such that a margin deficit would exist were the transfer to occur, PT will attempt to contact you to remedy the situation within the allocated time frame after which an automatic reject of the full transfer would take effect. Account holders may wish to minimize potential delays or problems associated with a Full transfer request by verifying security eligibility and margin requirements via the Contract Search Engine prior to initiating the transfer.

     

    b. Note that the symbol for the Partial transfer election will require that you specify the positions you wish to transfer on step 5.

    Please be sure that you verify that you have chosen the correct security when you enter your positions in the partial transfer process. Often times the same ticker symbol is used on different exchanges for different securities. If you enter the right symbol but choose the wrong exchange the system will populate the name of the security that matches the security that is held on the exchange that you entered causing the wrong security to be entered into the account transfer request. If the security is incorrect it will cause the account transfer to be rejected.  (You do not have to enter the individual securities when you are transferring your entire account.) Please feel free to call us at 1-800-50-PLACE (1-800-507-5223) or directly at 1-919-719-7200 if you have any questions or would like us to help you with any part of the transfer process.

     

    4. From the Type drop-down list select the delivering broker. 

    Please note that certain brokers maintain multiple Participant account numbers with DTCC and account holders are encouraged to confirm with their delivering broker the account number to be associated with the transfer request.

     

    5. On the Deposit & Transfers/ACATS Request form: Please enter the account number as reflected on your delivering broker account statement (the number of the account that you are transferring to PT) and respond to questions regarding the existence of a margin loan, short positions and option positions. Note that certain short stock positions may not be transferable if PT is unable to locate and borrow. In the event of a ‘Partial’ election, you will need to provide additional detail (product identification, number of shares/contracts, long/short designation) as to the stock, option, mutual fund, bond or cash position you wish to transfer.

     

    6. Provide electronic signature authorizing the transfer.

    Please note that brokers generally freeze the account during the transfer period to ensure an accurate snapshot of assets to transfer and may restrict the transfer of option positions during the week prior to expiration. You may wish to check with the delivering broker to verify their policy in this regard. In addition, please note if your PT account is currently maintaining positions on margin, any cash withdrawals or adverse market moves could increase the likelihood that your account falls out of margin compliance during the transfer period which may delay or prevent completion of the transfer.

     

    IMPORTANT NOTICE

    Applicants may meet the initial account funding requirement through the transfer of securities/equity positions and/or cash via the ACATS system.

    Helpful Links:
              
     

    How to:

     

    Deposit funds to your Place Trade via a full ACATS/ATON Transfer (View this page.)

    Initiate a partial ACATS/ATON transfer

    View Place Trade's tradable products via our Contract Search Engine

     

    View a list of the most common causes for ACATS/ATON rejects/Why your account may have been rejected during the transfer process. (Don't worry, if this ever happens it is usually due to a simple matter that we can easily resolve for you.) Please give us a call at 1-800-50-PLACE or 1-919-719-7200 for assistance.  

     

     

     

     

    For a detailed description of the Full ACATS/ATON process flow please see the chart below:

     

     

     

    PROCESS FLOW - FULL ACATS TRANSFER

    Overview:

    An ACATS transfer request typically takes 4 business days to complete and may take as long as 7 business days depending upon the circumstances involved in the transfer. Outlined in the table below is a process flow of the transfer process, including typical time frames for each stage of the process.

     

    PROCESS FLOW - FULL ACATS TRANSFER

    Step
    Stage
    Description
    Result
    Time Frame
    1
    _
    Customer submits transfer instructions to Place Trade via Account Management.
    Begins transfer process.
    Day 1.
    2
    Request
    Receiving broker (PT) electronically transmits request via ACATS.
    NSCC generates reports confirming transfer request to both IB and delivering broker.
    Day1 if Step 1 completed prior to 11:30 PM ET, else Day 2.
    3
    Request
    Delivering broker has up to 1 day to review transfer request for accuracy of account details and accept or reject.
    If validated, delivering broker submits asset list;
     
    If rejected, delivering broker enters applicable rejection code.
    Day 1 to Day 3, depending upon the timing of customer submission, each brokers input relative to the ACATS multi-batch processing cycles and the ability of the two brokers to corroborate the customer’s account details.
    4
    Review
    If transfer request was accepted by delivering broker, the receiving broker (PT) has up to 1 day to review asset list;
     
    If transfer request was rejected by delivering broker, depending upon the nature of the rejection the receiving broker may have up to 1 day to resubmit request.
    If asset list was received, receiving broker (PT) can either accept the account, request adjustments (e.g., where asset lists include securities not eligible at receiving broker), or reject the account (e.g., where account is not in margin compliance);
     
    If transfer request was rejected by delivering broker, receiving broker may correct and resubmit request or take no action and let request reject.
    Day 2 to Day 4, depending upon events as noted above as well as decision of receiving broker to accept the account or request adjustments.
    5
    Settlement Prep
    If receiving broker (PT) accepts the account the assets are staged and ‘locked’ for transfer.
    Neither the delivering nor receiving firm can adjust or delete the ACATS transfer. Settlement will take place next business day.
    Day 3 to day 6.
    6
    Settlement Close
    Assets begin to transfer.
    		  
    Day 4 to day 7.

     

    Should you have further questions, please contact our Customer Service Center at 919-19-7200. Or contact us via live chat or secure message by logging in to Account Management

     

    Back to the top 

     

      

     More Details about Funding your Account:

     

     

    Deposits

    Funding your account is made simple with Place Trade and Interactive Brokers. To deposit funds in your PT account, you must first complete a deposit notification. This will allow the clearing firm to properly identify incoming funds and will ensure your funds retain their originating currency of denomination.

    • To complete a deposit notification, visit the Funds Transfer page in Account Management/Funds Management.
    • You must contact your bank or Place Trade Financial to complete funds transfers after the completion of a deposit notification.
    • Detailed instructions on where or how to send funds will be provided after a deposit notification is completed and received. Instructions may vary.
    • Checks or wire transfers absent of the proper deposit instructions will be held by the clearing firm until you are contacted.

      

    Internal Funds Transfers

    To make an internal fund transfer, you must complete an Internal Funds Transfer request. You can do this in the Account Management/Funds Management page. Funds that are on hold cannot be internally transferred.

    ________________________________________________________________________

    Account processing will occur within one (1) business day after receipt. Once your account has been approved, cleared funds are required to begin trading. All checks including certified and cashier's checks require a minimum of 5 business days before becoming available for investing. For options trading, a minimum of 7 business days is required.

    Please visit our "Fund your Account" page for more information about the account funding process at Place Trade Financial. Thank you!

     

     

    		  

     

     

          For more information please view our Funding Reference.

     

     

    		  

  • Why was my account transfer rejected?

     

    What if I only want to move my account or transfer specific securities?

     

    Transfer my Account to Place Trade

    Full Transfer

    Partial Transfer

    Why was my account transfer rejected?

    Funding Reference

     

     

    Why was my account transfer rejected?

     

     

    View Account Transfer (ACATs) Rejections - Most Common Causes

    The rejection of an ACATS transfer request is typically initiated by action of the delivering broker once that broker has had an opportunity to review the request and confirm the details of the account to be transferred. In the case of certain rejection notices (i.e., categories 1-5 and 10 below), the ACATS process affords the receiving broker (PT) a 24-hour window within which revised information may be transmitted and after which time the transfer request will require resubmission by the client. During this 24-hour window, PT will attempt to contact the transferring client in an effort to reconcile any discrepancies causing the initial rejection notice. Rejections generally fall into the following categories:

     

    Rejections by the Delivering Broker: (Why your current broker (NOT Place Trade) might reject your account transfer request.)

    1. Social Security Number/Tax ID Mismatch - the client taxpayer identification number as provided by the receiving broker does not agree with that of the delivering broker’s records.
    1. Account Title Mismatch - the client account title as provided by the receiving broker does not agree with that of the delivering broker’s records.
    1. Documentation Needed – the delivering broker requires additional account documentation in order to process a transfer request (e.g., death or marriage legal documents).
    1. Account Flat – account holds no transferable assets.
    1. Invalid Account Number – the client account number as provided by the receiving broker is not on delivering member’s books.
    1. Duplicate – delivering broker is already in receipt of a transfer request involving the same receiving broker and client account..
    1. Account in Distribution or Transfer – another ACATS transfer or other distribution of account assets directly to client is already underway.
    1. Client Rescinded – client has submitted written request to cancel transfer request.
    1. Missing Authorization Signature – transfer request requires an additional client and/or custodian signature.

     

    Rejections by the Receiving Broker: (Why Place Trade would be forced to reject your account transfer request.)

    10. Credit Violation - the result of the transfer if affected would be to place the account in margin deficit and subject to forced liquidation.

     
     
    Glossary terms:
    DTCC
     
    Visit our Education Center to learn more about investing.

    Please visit our "Fund your Account" page for more information about the account funding process at Place Trade Financial. Thank you!

     

     

     

     

    		  

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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