Can I transfer part of my account from PennTrade to another brokerage firm?
Yes. We must ask that you initiate the outgoing transfer by contacting the other brokerage firm (the “receiving firm”). If the transfer can be done via ACAT (Automated Customer Account Transfer service) then the receiving firm will submit your transfer electronically, which is the quickest. If the position is not ACAT eligible or the receiving firm does not participate in the ACAT system, then the receiving firm must submit physical paperwork to NFS directly at the following overnight address: TOA Deliveries 100 Crosby Parkway Mailzone KC1B Covington, KY 41015 The transfer information (submitted by the receiving firm to NFS) must include the following information -Customer’s PennTrade account number -The receiving brokerage firm’s name, address, and clearing house number -The customer’s account number at the receiving firm -Instructions on how to transfer the assets (in-kind or after liquidation) -Letter of Acceptance on retirement accounts [ top ] Can I transfer positions between my P
