How are account withdrawals and additions treated?

  • Clients can make additions to and withdrawals from their account at any time, subject to our right to terminate an account. Additions can be in cash or securities provided that the Firm reserves the right to liquidate any transferred securities or declines to accept particular securities into a client’s account. 
  • Clients can withdraw account assets on notice to us, subject to the usual and customary securities settlement procedures. We may consult with clients about the options and implications of transferring securities upon client request. Clients are advised that when transferred securities are liquidated, they may be subject to transaction fees, short-term redemption fees, and/or tax ramifications.