Personal Investment & Financial Planning Q`s/brokerage firms


I am considering changing brokerage firms, but I want to leave my money in the same mutual funds. When I change will there be a fee? Do I have to sell the funds?

You can generally retain the same investments when changing brokerage firms by using what is called the ACAT process, which electronically transfers the shares of securities from one firm to another.  Many firms impose an account closure fee when leaving their institution.  

Personal Investment & Financial Planning Q`s

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Gregory Ostrowski


Expert in the field of personal finance, investing and retirement planning. Cannot respond to questions on specific investments, nor provide tax or legal advice.


CERTIFIED FINANCIAL PLANNER™ Practitioner & Chartered Retirement Planning Counselor™ 12 Years Experience and Partner of Scarborough Capital Management, a Registered Investment Advisory firm managing approximately $1.2 billion in retirement assets for individuals across the United States

Building Traditions Society, Anne Arundel Medical Center Foundation, Current Saint Mary's Annapolis Alumni Association Board Member, Current AARP Financial Expert, Past LinedFA Advisory Board, Past

Wall Street Journal, Essence Magaine, What's UP Annapolis, The Capital, Reuters, Baltimore Business Journal, Washington Business Journal, Kiplingers, The Associated Press

BS, Villanova University FINRA Series 7 & 66 Life and Health Insurance License Holder CERTIFIED FINANCIAL PLANNER™ Practitioner Chartered Retirement Planning Counselor™

Awards and Honors
Top 40 Under 40 Registered Investment Advisors by Annapolis 40 Finest, Cystic Fibrosis Foundation, 2014 Five Star Financial Professional, Baltimore Magazine, 2013, 2014 The Capital's Readers Choice Best Financial Advisor, 2012, 2013

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