HOW TO COMPLETE A TRANSFER REQUEST FORM

HOW TO COMPLETE A TRANSFER REQUEST FORM

TRANSFER REQUEST FORM – Use this form to roll funds from the current custodian into the new self-directed account.

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TRADITIONAL ASSETS:  We cannot accept traditional assets (stocks, bonds, CDs, mutual funds, etc).  Those need to be liquidated and come over in cash.

TRANSFERRING CASH:  In Section 5, the Asset Description should be CASH.  Under quantity, enter a dollar amount  or write in “ALL”.

NON-TRADITIONAL ASSETS:  If there are non-traditional assets in the account (real estate, precious metals, tax liens, etc), list them in Section 5 just as they are titled within the current account.  Check TRANSFER IN KIND.  There may be additional forms depending on the assets.

CALL THE CUSTODIAN:

  1. Liquidate traditional assets to make cash available.
  2. Ask the custodian if they need a medallion stamp guarantee on the transfer form.  If required, we can provide that stamp after we receive an account statement or something printed off showing the account holder’s name, type of account and account number.
  3. Ask them where to send the form (mail or fax) and enter that information in Section 2.

Once complete, email or fax the form to us so we can complete Section 7 and submit the form for processing.  If the custodian needs an original signature or requires a medallion stamp, the form will need to be mailed to us.  Fax or email the form first requesting a review.  We will respond to the email with any corrections needed, or simply reply with our mailing address.  The fax and email address are listed below.

Please note that if the custodian sends a check, there will be a mandatory 10 day hold before the funds can be invested.  Money that is wired is available for use the next day.

If transferring an account from a retirement plan, like a 401(k)or 403(b) account, this form may not work.  Call the custodian, TPA or employer to ask if they will accept a Transfer Request form or have their own form to use.

QUESTIONS?

Jaclyn Grella
Fax (801) 904-0019

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