How do I initiate a transfer with unlike account registrations?
When transferring between unlike account registrations it is best to check to see what documentation the delivering firm may require. Below is a listing of what can sometimes be used to transfer assets between unlike account registrations; however, please note that these are dependent on the delivering firm’s requirements. . The list below is not exhaustive – please contact us for more detailed information if you are transferring account types not listed (See next FAQ for IRA registration requirements). • From an Individual to Joint account – This type of account transfer requires all account holders to sign a Letter of Authorization (LOA) and an account transfer form. • From a Joint to Individual account – This type of account transfer requires all account holders to sign a Letter of Authorization (LOA) and an account transfer form. In addition, the account holder that is giving up account ownership must provide a Medallion Guarantee Medallion Guarantee This is a stamp or seal that pr
