Transferring securities directly to Infinite Giving is a streamlined and efficient process that can be easily accomplished through the Automated Customer Account Transfer Service (ACATS). This service allows you to transfer stocks, bonds, cash, and other investment products from another brokerage firm to Infinite Giving without the need to liquidate the underlying assets.
This article will guide you through the ACATS process and explain how it simplifies stock transfers to Infinite Giving.
What Is ACATS?
The Automated Customer Account Transfer Service (ACATS) is a system used by financial institutions to facilitate the transfer of customer assets between brokerage firms. This service is particularly beneficial for non-profits looking to transfer investment products, as it ensures a smooth and efficient transfer process without the need to sell the assets.
Benefits & Process of Using ACATS
1. Simplified Transfer Process
Using ACATS, the transfer of assets such as stocks, bonds, or cash is straightforward. You won't need to liquidate your assets, which can save time and avoid potential tax reporting implications or market timing issues.
Infinite Giving only requires two things to initiate an ACATS transfer on your behalf:
Name of the brokerage firm where your securities are currently held
The account numbers of the accounts that will be transferred
2. Speed and Efficiency
The ACATS process is designed to be quick and efficient. Once the brokerage firm and account number are provided, Infinite Giving will send a transfer request to your existing brokerage. The entire process typically takes no more than six business days to complete.
3. No Advance Notice Required
Your current brokerage company does not need advance notice for an ACATS transfer to take place. This means you can initiate the transfer process to Infinite Giving without speaking to your current brokerage firm. We'll handle all of the communication.
4. Transfer Processing
After the transfer request is sent, the ACATS process will begin. This typically involves the following steps:
Review and Validation: Your existing brokerage will review and validate the transfer request sent from Infinite Giving.
Transfer Initiation: Once validated, the transfer will be initiated, and the assets will be moved from your existing brokerage account to your new account with Infinite Giving.
Confirmation: You will receive a confirmation once the transfer is complete.
The entire ACATS process usually takes no more than six business days. Once complete, your stocks, bonds, or other investment products will be available in your new account with Infinite Giving.
5. Once Funds are Received by Infinite Giving
After the funds are received by Infinite Giving via ACATS, our team of Registered Investment Advisors will execute any needed adjustments to the portfolio such as buying and selling securities to align the portfolio with the cash management and investment needs of the nonprofit based on what is communicated during onboarding and during ongoing discussions with the organization.
Summary
Transferring securities directly to Infinite Giving using the Automated Customer Account Transfer Service (ACATS) is a hassle-free and efficient way to manage your investments. By avoiding the need to liquidate assets, you can save time and ensure a smooth transition. If you are ready to initiate an ACATS transfer or have any questions about the process, please reach out to your advisor at Infinite Giving. They are here to assist you every step of the way.
Contact Us
For further assistance or to initiate an ACATS transfer, please contact your advisor or our support team at support@infinitegiving.com. We are committed to making the transfer process as seamless as possible for you.