Investment accounts typically transfer within five to seven business days after documents are signed and submitted to Raymond James.
Annuities can take four to six weeks (depending on the company) to transfer over to Raymond James.
Ensure all information on your first Raymond James statement is correct, including the spelling and address information.
You will begin receiving confirmations for your new account(s). When transferring assets, you will receive notifications from both the sending firm and receiving firm (Raymond James). Zero balances may appear on confirmations when funds transfer, and this can be unsettling. The notifications and confirmations can be confusing so please call us if you have any questions.
Your previous broker/dealer may charge a termination fee when transfers are effected. This fee varies by firm as well as account type. Because you have chosen to transition with Brian Torgerson, termination fees will be credited or reimbursed within one to two months.
Confirm that your first contributions/distributions are correct. Check that your money left/arrived at your bank account when you expected it to.
Review your statement from your previous firm to make sure that all assets have transferred over. Certain assets can get held up and move over after the original transfer.
Confirm dividend reinvestment. Mutual Funds are automatically setup for dividend reinvestment. For ETFs and Equities, previous dividend reinvestment preference will not carry over during the transfer. Please let us know which dividends you would like to receive in cash and which you would like to reinvest.
For the year of transfer, you will receive 1099 tax documents from both previous firm(s) and Raymond James. Make sure to let your tax preparer know that there are multiple documents. Provide them our contact information in case they have any questions.
Online client access to your Raymond James accounts is available with features including mobile check deposits, documents vault, eDelivery of statements and adding external accounts. Review the Client Access Frequently Asked Questions for getting started.