Guides › Switching Financial Advisors
Updated September 28, 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. Concurrent Investment Advisors, LLC’s Form ADV Part 2A states “Either party may terminate the investment advisory agreement, at any time, by providing advance written notice to the other party.” Concurrent Investment Advisors, LLC names six possible custodians in its brochure, with no single default: Fidelity Clearing and Custody Solutions, Charles Schwab & Co., Inc., Inspire Financial Trust, LLC, Goldman Sachs Custody Solutions, SEI Investments Management Corp, and TIAA. If you are custodied at Schwab, budget $50.00 per account, per Charles Schwab & Co., Inc.’s own current fee schedule. Fidelity Clearing and Custody Solutions’ own published fee schedule has no comparable line item for a full transfer-out, an honest gap rather than a confirmed $0.
Leaving other advisory firms: How to Leave Ameriprise, How to Leave Ameritas and How to Leave Arete Wealth Advisors.
The published numbers
From Concurrent Investment Advisors, LLC’s own Form ADV Part 2A, Disclosure Brochure (March 24, 2026), Item 5.D, “Advance Payment of Fees and Termination”: “Either party may terminate the investment advisory agreement, at any time, by providing advance written notice to the other party. … Upon termination, the Advisor will refund any unearned, prepaid fees from the effective date of termination through the end of the quarter.” The same brochure names its custodians (Item 12.A, “Recommendation of Custodian[s]”): “Concurrent will generally recommend that Clients establish their account[s] at Fidelity Clearing and Custody Solutions and related divisions and entities of Fidelity Investments, Inc., including National Financial Services LLC, and Fidelity Brokerage Services LLC (collectively “Fidelity”). Concurrent may also recommend Charles Schwab & Co., Inc. (“Schwab”), Inspire Financial Trust, LLC (“Inspire”), Goldman Sachs Custody Solutions (“Goldman Sachs”), SEI Investments Management Corp (“SEI”) and TIAA (for employer-sponsored retirement plans).” From Charles Schwab & Co., Inc.’s own Pricing Guide for Clients of Independent Investment Advisors: “Full transfer (out) of assets: $50 per account.” Fidelity Clearing and Custody Solutions’ own Brokerage Commission and Fee Schedule contains no comparable line item for a full account transfer out; left as an honest gap rather than assumed to be $0. Concurrent also names Inspire Financial Trust, Goldman Sachs Custody Solutions, SEI Investments Management Corp and TIAA as available custodians; no discoverable public per-account transfer-out fee schedule was located for any of the four, so they are not priced here.
| What | Figure |
|---|---|
| Concurrent Investment Advisors’ own exit charge | $0.00 extra: pro-rated refund of any prepaid fee (Form ADV) |
| Full transfer-out at Schwab | $50.00 per account (Charles Schwab & Co., Inc.’s own Pricing Guide for Clients of Independent Investment Advisors) |
| Full transfer-out at Fidelity | Honest gap: no comparable line item found |
| ACATS validation and completion window | 1 day to validate, 3 days to complete under FINRA Rule 11870 (measured in business days) |
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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 Concurrent Investment Advisors charges before you decide whether to leave? See the dollar breakdown from Concurrent Investment Advisors’ own fee disclosure.
Sources
- Concurrent Investment Advisors, LLC, “Form ADV Part 2A, Disclosure Brochure” (March 24, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1024580
- SEC Investment Adviser Public Disclosure, Concurrent Investment Advisors, LLC firm summary (CRD 323135): https://adviserinfo.sec.gov/firm/summary/323135
- Charles Schwab, “Pricing Guide for Clients of Independent Investment Advisors” (July 2026): https://disclosures.schwab.com/SchwabDashboard/61256/REG23060SI.pdf
- Fidelity, “Brokerage Commission and Fee Schedule”: https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/Brokerage_Commissions_Fee_Schedule.pdf
Methodology. This page was built September 28, 2026, drawing on Concurrent Investment Advisors’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.
Before you decide to leave Concurrent Investment Advisors, check whether it owes you a fiduciary duty in the first place.
What does it take to open an account? See Concurrent Investment Advisors’s minimum investment, straight from its own Form ADV Part 2A brochure.
What does leaving cost elsewhere? Compare the published exit fee at 115 advisory firms and brokerages, each taken from that firm’s own schedule or its custodian’s.
Leaving a different firm? See the exit guides for all 189 firms, with the four steps every exit shares.