SteveL Veteran   Posts: 189 Joined: 10/11/2012 Location: Boulder, CO  User Profile | For others interested in transferring an IB Friends & Family Advisor and client accounts to Gar Wood, I've found the experience (so far) to be extremely easy. Friday (12/2/2016) I contacted Gar Wood Securities and spoke with Joshua Vore (located in Austin, I believe). He passed my contact info to Bobby Jersey who reached out to me in an email. Bobby handles the new account setup process. He's located in Illinois. We connected by phone and discussed the process, and Bobby sent me an email with a link to Gar Wood's site (identical to IB's website with Gar Wood at the top) where I created a new Friends & Family Advisor account. In a separate email, he sent me a single page form (Authorization to Designate a New Financial Advisor) which needed to be completed for each client account to request transfer of the client account from my current IB advisor account to my new Gar Wood advisor account. So, on Friday I started the advisor account application, and completed it over the weekend, including setting up ACH funding instructions for the account. The Fxxxxxxx account was approved and funded today (Tuesday 12/6/2016). Also over the weekend, I filled out the "Authorization to Designate a New Financial Advisor" form for each client account, and returned the completed and scanned forms via email along with a scan of my driver license. It's a super simple form - old and new advisor account numbers, client account number, signature and date. Bobby and I have touched base both yesterday (Monday) and today just to make sure all i's dotted and t's crossed. Today, I received an email notifying me of account approval and funding. I just logged in and checked the new Fxxxxxxx account. I found a message saying the account is funded and will be ready to start trading next Monday (12/12/2016). And I've completed setting up 2-factor authentication for the new account. (NOTE: The entire website is IB's website with Gar Wood Securities logo at the top.) Bobby Jersey requested an email from me today requesting that the client accounts be transferred now (or I could have specified a later date). He expects the client account transfers to happen over the weekend. If that happens, then moving my multiple accounts from IB to Gar Wood will have been a quick and painless experience. [Edited by SteveL on 12/6/2016 4:55 PM] | |
