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Transfer Positions ACATS


Home > Funds Management > Position Transfers > Transferring Positions using ACATS

The Position Transfers page lets you transfer US stocks, options and cash held at another brokerage firm to KW through the National Securities Clearing Corporation's (NSCC) Automated Customer Account Transfer Service (ACATS).

Note:    Your KW Account Name, Tax Identification Number and Customer Type (i.e. individual, joint, Roth IRA), must exactly match the third-party broker account in order for the transfer to take place.

To transfer assets using ACATS

  1. Click Funds Management in the left pane, then click Position Transfers.

  2. If the Secure Login System page opens, this means that your account is enrolled in the Secure Login System and you must use your security device to log into the Fund Transfers page:

  1. Enter your username, then click OK.

  2. Read the instructions on the screen carefully, then enter the response string from your security device or temporary password and click OK.

  3. If you have a master account, in the Client/Sub Account Selection area, use the radio buttons to search for client or sub accounts by Account ID, Account Title or Account Alias, then click the client or sub account whose transaction history you want to view.

  4. In the Transfer Method list, select ACATS - US Securities.

  5. In the Type list, select one of the following options:

    • Full - Select this option to transfer ALL of your assets from a third-party broker to your KW account.

    • Partial - Select this option to transfer some of your assets from a third-party broker to your KW account.

    • Use Instruction - Select this option to use an existing Position Transfer Instruction or create a new one. If you select this option then select Add New Instruction from the Instructions drop-down list, you will complete the Position Transfer Instruction before you complete the actual transaction request.

      See Position Transfer Instructions for more information.

  6. In the Source list, select your third-party broker. You can type the first two or three letters of the broker’s name to quickly jump to that broker in the list.

     

    The ACATS Request page appears.

  7. In the Interactive Brokers Account Information section, verify that your Account Title, Account Number, Tax ID Number and Customer Type exactly matches the information in your third-party broker account.

  8. In the Account Number field, type the account number for your third-party broker account exactly as it appears on your statement from your delivering firm.

  9. In the Assets To Be Transferred section, click the appropriate radio button to answer Yes or No to these questions:

    • Do you have a margin loan at your third-party broker?

    • Does your third-party broker account hold any short positions?

    • Does your third-party broker account hold any option positions?

  10. Click Continue.

If you selected Partial in the Type list (Step 5), the Partial ACATS Transfer page appears.

 

  1. Specify which US stocks, options, mutual funds, bonds and cash to the transfer as described in the table below.

    Or click Cancel to cancel the operation and return to the previous page.

    To add US stocks:

    Click Add US Stocks, then enter information about the stock you want to transfer in the following fields:

             Exchange (optional field)

             Symbol

             Shares

             Position - Click Long or Short to indicate the stock’s position.

    Click Add.

    Repeat for each US stock you want to transfer.

    To add US options:

    Click Add US Options, then enter information about the option you want to transfer in the following fields:

             Underlying Symbol

             Number of Contracts

             Position - Click Long or Short to indicate the option’s position.

             Strike

             Put/Call

             Expiration Date - Enter the option’s expiration date in the format yyyymmdd.

    Click Add.

    Repeat for each US option you want to transfer.

    To add US Mutual Funds:

    Click Add US Mutual Funds, then enter information about the mutual fund you want to transfer in the following fields:

             Exchange (optional field)

             Symbol

             Shares

    Click Add.

    Repeat for each US mutual fund you want to transfer.

    To add US bonds:

    Click Add US Bonds, then enter information about the bond you want to transfer in the following fields:

             CUSIP Number

             Quantity

    Click Add.

    Repeat for each US bond you want to transfer.

    To add cash:

    Click Add Cash, then enter information about the funds you want to transfer in the following fields:

             Cash Balance or Margin Loan - Click the appropriate radio button.

             Amount (in USD)

    Click Add.

  2. Your selections are displayed on the screen after you add them.

    Remove assets from the list by clicking the Delete link in the Delete column.

    When the list of assets to be transferred is complete, review the information on the page, then type your name in the Signature field. This is equivalent to a written signature.

  3. Click Confirm.

  4. On the ACATS Signature page, review the information on the page, then type your name in the Signature field. This is equivalent to a written signature. Click Continue.

    The Confirmation page appears.

  5. On the Confirmation page, enter the confirmation number that you received via email in the Confirmation Number field, then click Confirm.

    If you do not receive a Confirmation Number by email, please check your junk email folder as sometimes email filters block messages.

    Or click Resend Confirmation Number to receive another confirmation email.

    Or click Cancel to cancel the transfer request.

View the status of your transaction on the Transaction History page.

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