How to transfer your investment portfolio to us
Transferring an investment portfolio is much easier than you might think.
Suitability
First we’ll determine the suitability of an investment portfolio for you which involves us meeting and discussing your circumstances, objectives and attitude to risk before we outline our proposals to you.
Should you agree with our recommendations, we’ll proceed to open a new account for you, while simultaneously completing a transfer authority form.
Instruct the transfer
Once your new Raymond James account is open, our administration team will instruct the transfer from your existing provider.
You do not need to do anything else as we will liaise with the firm on your behalf.
Progress
Certain assets can transfer more quickly than others and so it’s common to see some holdings in your investment portfolio come across quickly while others take a little longer.
We’ll keep you up to date with progress and the expected timeline on a regular basis.
Completion
We’ll confirm with you once the transfer is complete and then begin managing your investment portfolio in line with our agreed proposals.
Following any reimbursements for costs incurred while transferring to us, we’ll report to you with a transfer summary on completion.
Frequently asked questions
Once we’ve determined the suitability of your investment portfolio and opened your new account with us, our administration team does all the work to transfer your assets across. We’ll keep you up to date with progress and report back to you once complete.
We don’t charge a fee but your existing manager might charge a fee for transferring out. In most cases, we’ll reimburse costs charged by your existing manager.
Transfers vary depending on your existing provider with some being complete in two weeks. However, we usually advise that it can take up to 30 business days.
This depends on your situation but the starting point is always to try and remain invested where appropriate. However, in some circumstances, there will be assets that we do not believe are suitable for your requirements or to expedite the process we may recommend a sale.
What you can transfer
These are the kinds of assets that are most commonly transferred by clients. If you have alternative assets or you’re unsure which category your assets fall into, please contact us.
- General investment accounts
- Stocks and shares ISAs
- Cash ISAs (this would be transferred to a stocks and shares ISA)
- Junior ISAs (where linked to family accounts)
- SIPPs (self-invested personal pension)
- Offshore bond portfolios
- Share certificates (including unit trust and OEIC transfers)
