Transfers of mutual funds and partial transfers of an account usually take an average of 3 weeks, but some transfers may take longer. If your account requires securities to be in the account before placing a sell order, please call CSFB direct at 1.800.825.5723 to trade these assets. If you do trade assets that are in transfer, it is your responsibility to be sure that the assets arrive at CSFB direct in time for settlement of the trade. Once the assets are booked to your account, you will be able to view them in the Portfolio Holdings screen. Any assets such as dividends and credit interest that are paid to your account after the initial transfer will be transferred to CSFB direct in residual sweeps.
Residual sweeps occur periodically for six months to one year following the transfer.
CSFB direct can hold stocks, bonds, options, mutual funds, limited partnerships, and REITs. CSFB direct cannot transfer proprietary mutual funds, CD's, or money market accounts. These types of securities will need to be liquidated before they are transferred. If you are transferring positions that are on margin, your account must be approved for margin trading. The same applies to options.