Automated Customer Account Transfer Service (ACATS)

The Automated Customer Account Transfer Service (ACATS) is a system that allows investors to transfer their assets from one brokerage firm to another. The service is designed to make the process of transferring assets as simple and efficient as possible.

To initiate an ACATS transfer, the investor will need to provide the following information to their new brokerage firm:

* Their name
* Their Social Security number
* The account number at their old brokerage firm
* The type of assets they want to transfer
* The value of the assets they want to transfer

Once the new brokerage firm has received this information, they will contact the old brokerage firm to initiate the transfer. The old brokerage firm will then have 3 business days to complete the transfer.

Once the transfer is complete, the investor's assets will be held in their new brokerage firm's account. The investor will then be able to trade their assets and access their account statements through their new brokerage firm.

ACATS is a safe and secure way to transfer assets between brokerage firms. The service is regulated by the Securities and Exchange Commission (SEC), and all transfers are processed through the Depository Trust Company (DTC).

If you are considering transferring your assets to a new brokerage firm, ACATS is a great option. The service is easy to use and secure, and it can save you time and money.

Here are some additional benefits of using ACATS:

* You can transfer all of your assets at once, including stocks, bonds, mutual funds, and cash.
* The transfer is processed electronically, so there is no need to mail any paperwork.
* The transfer is typically completed within 3 business days.
* ACATS is a free service.

If you have any questions about ACATS, you can contact your new brokerage firm or the DTC.