• «
• »

Tip #4: Your old broker will charge you for this service.

To add insult to injury, your old broker can charge you for initiating an ACATS process.

Most of the time, this fee is between $50-$100 per account. However, this may not be an issue at all.

Keep in mind that your new broker wants your business. It is very likely that they will reimburse you for this expense, but you have to ask for it.

Don't hesitate to find out whether they will cover these costs for you.

NEXT: Tip #5: If you only have cash in your old account, it is quicker to just ask for a check or wire transfer.