Multiple DTC intra-firm ACATs
Does anyone know when you have a situation where a firm is still consolidating after a merger and has multiple DTC numbers if it is a requirement to get new paperwork and ACAT forms to transfer an account between the two DTC numbers in the same firm? As I recall, when AGE and Wachovia merged that was the case until after the full conversion. Any help would be very much appreciated.
Absolutely not.
[quote=Ramajama]Does anyone know when you have a situation where a firm is still consolidating after a merger and has multiple DTC numbers if it is a requirement to get new paperwork and ACAT forms to transfer an account between the two DTC numbers in the same firm? As I recall, when AGE and Wachovia merged that was the case until after the full conversion. Any help would be very much appreciated.[/quote]
Yes. I believe that can happen. It’s all about broker-dealer registration. Even if both firms are owned by the same entity but both firms are registered separately (they have different bd numbers), then they would have to dtc/acat everything to get it under one roof.
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