Guides › Switching Financial Advisors
Updated September 25, 2026. Quick answer: you open an account at the receiving firm and sign the transfer form there; the new firm pulls the account through ACATS. Huntington Private Bank’s brokerage and advisory accounts are opened and fee-scheduled through The Huntington Investment Company (d/b/a Huntington Financial Advisors). Huntington Financial Advisors’ own published fee schedule lists $50.00 for an outgoing transfer of a brokerage account, and a separate $125.00 to terminate an IRA or other retirement account. Huntington’s own schedule discloses that it retains all or a portion of these fees, a conflict of interest it states plainly.
More on this firm: Huntington Private Bank Review, Is Huntington Private Bank a Fiduciary? What Its Own Form CRS Says and Huntington Private Bank Minimum Investment.
The published numbers
From Huntington Financial Advisors’ own Brokerage Fee and Commission Schedule (form 60011, revised January 2025): “$50… Outgoing transfer fee for brokerage accounts (excludes NFS prototype retirement accounts)” and “$125… Termination fee for IRA and retirement accounts.” The same schedule discloses: “Huntington Financial Advisors retains all or a portion of this fee. This is a conflict of interest as we have an incentive to utilize a clearing firm that allows us to mark-up certain fees and charges.” Clearing runs through National Financial Services LLC (NFS, a Fidelity clearing affiliate), named in the firm’s own Form ADV as holding the substantial majority of its client assets; Huntington itself sets and, per its own disclosure, marks up the published rate, so this is the firm’s own published charge rather than a bare pass-through of NFS’s own rate.
| What | Figure |
|---|---|
| Outgoing transfer fee (brokerage account) | $50.00 (Huntington Financial Advisors’ own Brokerage Fee and Commission Schedule) |
| IRA / retirement account termination | $125.00 (same schedule) |
| IRA / retirement annual maintenance fee | $35.00 per year (same schedule) |
| Outgoing wire fee | $20.00, a related charge on the same schedule |
| ACATS validation + completion window | 1 business day to validate, 3 business days to complete (FINRA Rule 11870) |
Compare your next step
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Source: WiserAdvisor’s service descriptionThe sequence
1. Pull a current statement for every account, showing the exact registration, account numbers and complete holdings list. 2. Check the holdings for anything that will not move. Ask the receiving firm directly: “Can you hold every position on this statement?” Anything they cannot hold has to be sold, and in a taxable account that is a realised gain in the year you switch: the categories that commonly do not transfer. 3. Open the receiving account and sign the transfer form there. Under FINRA Rule 11870 the delivering firm then has one business day to validate and three business days after validation to complete. 4. Send a dated termination letter for the record: the generator writes it, and confirm in writing that billing has stopped.
Two things to get right
Cost basis. Under IRC §6045A the delivering broker must furnish a transfer statement carrying basis for covered securities within 15 days of the transfer. Keep your final statements anyway, and check the first statement at the new firm for positions showing a missing or zero basis. Retirement accounts move as a direct transfer, trustee to trustee, not as a distribution to you. Why that distinction matters. Whether a transfer fee is worth paying at all is a question of what you are moving to: our benchmark of published adviser fee schedules puts the weighted median annual cost near $2,000 to $2,500 on $250,000: the benchmark. The general mechanics: switching financial advisors.
Want to know what Huntington Private Bank charges before you decide whether to leave? See the dollar breakdown from Huntington Private Bank’s own fee disclosure.
Sources
- Huntington Financial Advisors, Brokerage Fee and Commission Schedule (Form 60011, revised January 2025): https://www.huntington.com/-/media/pdf/brokerage-fee-and-commission-schedule.pdf
- SEC Investment Adviser Public Disclosure, The Huntington Investment Company firm summary (CRD 16986): https://adviserinfo.sec.gov/firm/summary/16986
- SEC Form ADV Part 1A, The Huntington Investment Company (filed August 21, 2026): https://reports.adviserinfo.sec.gov/reports/ADV/16986/PDF/16986.pdf
Methodology. This page was built September 25, 2026, drawing on Huntington Private Bank’s own Form ADV/wrap-fee brochure/fee schedule plus each named custodian’s own published fee schedule, with sources linked inline; any figure we could not independently confirm this session on a firm-owned or custodian-owned document is named as an honest gap above rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
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