Notification Nation
This mailing tells the client which funds could not transfer in-kind.
What is the "Outgoing Asset Transfer Notification"?
Once liquidated funds settle, they move electronically to the requesting firm through this process.
What is the ACAT Sweep?
Follow the "Closed Account Trading" Directions using this resource when liquidating in a closed account.
What is MFNL?
These Proprietary funds can only be held on our platform, so Advisory Trading sells them off in a daily "Transfer-Out" review.
What are Column Funds?
This is Pershings Fax Number for like-to-like transfers (excluding 529 plans).
What is 866-355-5572?
A copy of the "Outgoing Asset Transfer Notification" is uploaded here, under the Notifications section.
What is the Document Center?
This is how long the ACAT Sweep can take once the funds have settled.
What is three business days?
On a Signature Portfolio Account (B41, A41, A49) you request the sale with this email template.
What is the Advisory Liquidation Request – Sig Port template?
Pershing could not send a Reject Letter because this one detail was unclear on the transfer paperwork.
What is the receiving account number?
This is the Fax for 529 Transfer Requests.
What is 414-625-1270?
Clients receive the Outgoing Asset Transfer Notification even in this situation - When Advisory Trading has already planned to sell the shares.
What is a Column Fund liquidation that is already in progress?
Servicing > Transfer center residual > Enter account number - this is the system you are navigating.
What is NetX360 (the Transfer Center)?
If the account holds an Interval Fund, the request must be entered on this day, and the client must call us that same day.
What is the Tender Date?
When a Representative takes an order on a closed account, they must send this to the ICS-INVESTORSERVICES PDL instead.
What is a mutual fund wire ticket?
This is Pershings DTC number for the ACAT (Automated Clearing Account Transfer) system.
What is 0443?