I was wondering whether anyone has any thoughts on whether it’s better to do a wire transfer or a partial account ACATS transfer (sorry if I’m using these terms/phrases incorrectly, but hopefully you can figure out what I mean).
The account sending the funds currently has equities in it, but other than the actual transfer process, I am agnostic as to whether a wire or ACATS would be better. I do not want to close the sending account.
If it makes a difference, this is an entity account (LLC) and going from Fidelity to IB. There is not a tremendous rush in terms of timing, but obviously would like it to happen sooner rather than later.
The positions in the account have 2 day settlements. I’m going to liquidate the positions either way, not trying to time the market on the liquidation, they are very liquid, and the transaction costs at both brokerages are negligible.