The new custodian determines which assets can be accepted in-kind.
What can’t transfer, for example, would include proprietary mutual funds from your previous IRA provider that aren’t part of the new family of funds.
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Be aware that the costs associated with moving the account may include closeout fees, termination fees or any deferred sales loads owed on the holdings.
It’s common for the new IRA provider to reimburse the old account closeout fees, but you might have to request that.
Transferring shares of assets, as opposed to selling them and transferring your cash proceeds, is called a “transfer-in-kind.” The separate custodians of both your new and old IRAs have the final say regarding such transfers.
The current custodian determines what can transfer out.One study was carried out by Robert Hall and Ricardo Reis (professors at Stanford and Columbia, respectively) and another by Seth Carpenter, Jane Ihrig, Elizabeth Klee, Alexander Boote, and Daniel Quinn (all economists at the Federal Reserve Board).I participated in a third study with David Greenlaw at Morgan Stanley, Peter Hooper at Deutsche Bank, and Frederic Mishkin at Columbia.Located in Pratt County, Stull, Beverlin, Nicolay & Haas, LLC.serves surrounding counties of south central and western Kansas.My expectation had always been that this would be a temporary situation, with a return to historical norms when economic conditions improved.