How Do I Convert My Advisor Client Account to an Individual Account?

Overview:

Due to varying reasons, some clients of advisors no longer want their account to be managed by a Financial Advisor, but they wish to maintain an individual account here.

Information:

To transfer an FA Managed account to an Individual account, you must create a new Individual account where all aspects of the new account match those of the existing account (titles, tax ID's, trading permissions). Once the new account is approved, log into the old account's Account Management, select the Menu in the top left corner > Transfer & Pay > Transfer Funds > Transfer Funds Between Accounts.

Only cash can be internally transferred from an FA managed account to an Individual account. We do not currently provide a facility for performing an internal account transfer when moving from an FA managed account to an individual account.