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. HB Wealth Management, LLC (branded HomrichBerg) itself charges nothing extra to end the relationship: fees are prorated to the termination date and any unearned prepaid fee is refunded. HomrichBerg does not custody your assets itself; its own Form ADV names Charles Schwab, Fidelity Investments, and Pershing (Bank of New York Mellon) as custodians, with no single default. Schwab’s own July 2026 pricing guide lists $50.00 per account for a full outgoing transfer, and Pershing’s own published maximum is $150.00 per account; Fidelity’s own retail pricing page states $0, but that figure was not confirmed for Fidelity’s institutional/RIA-custody side.
The published numbers
From HB Wealth Management, LLC’s own Form ADV Part 2A Brochure (dated September 3, 2026): the agreement “may be terminated within five (5) days of the executing date of the agreement or by either party with a written notice thirty (30) days prior to termination… Fees will be prorated to the date of the termination… and any unearned portion of prepaid fees will be refunded.” The same brochure names three custodians and discloses a conflict of interest: “HB pays Schwab a Participation Fee on all referred clients’ accounts… and a separate one-time Transfer Fee on all accounts that are transferred to another custodian… creates a conflict of interest.” That is a fee HB pays TO Schwab, no dollar amount disclosed, and not a client charge. From the Charles Schwab Pricing Guide for Clients of Independent Investment Advisors (July 2026): “Full transfer (out) of assets: $50 per account.” From Pershing Advisor Solutions LLC’s own Schedule of Maximum Charges: “Account Termination… $150.00 per account,” a published ceiling, not a confirmed HomrichBerg-negotiated rate. A note on the entity’s CRD: HB Wealth Management, LLC’s CRD is 316731; its SEC file number, 801-122595, is easy to mistake for a CRD and is not one.
| What | Figure |
|---|---|
| HomrichBerg’s own exit charge | $0.00 extra: fees prorated to the termination date, 30 days’ notice (Form ADV) |
| Full transfer-out at Schwab | $50.00 per account (Schwab’s own July 2026 pricing guide for independent-advisor clients) |
| Full transfer-out at Pershing | $150.00 per account, Pershing’s own published MAXIMUM (Schedule of Maximum Charges) |
| Fidelity Investments | Fidelity’s own published fee schedules carry no comparable, clearly attributable outgoing-transfer line item for accounts custodied there; left as an honest gap rather than assumed to be $0. |
| ACATS validation + completion window | 1 business day to validate, 3 business days to complete (FINRA Rule 11870) |
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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 HomrichBerg charges before you decide whether to leave? See the dollar breakdown from HomrichBerg’s own fee disclosure.
Sources
- HB Wealth Management, LLC, Form ADV Part 2A Brochure (September 3, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1056916
- SEC Investment Adviser Public Disclosure, HB Wealth Management, LLC firm summary (CRD 316731): https://adviserinfo.sec.gov/firm/summary/316731
- SEC Investment Adviser Public Disclosure, HB Wealth Management, LLC Form CRS: https://reports.adviserinfo.sec.gov/crs/crs_316731.pdf
- Charles Schwab, “Pricing Guide for Clients of Independent Investment Advisors” (July 2026): https://disclosures.schwab.com/SchwabDashboard/61256/REG23060SI.pdf
- Pershing Advisor Solutions LLC, Schedule of Maximum Charges: https://www.pershing.com/content/dam/pershing/documents/pdfs/disclosures/pas-schedule-of-maximum-charges.pdf
Methodology. This page was built September 25, 2026, drawing on HomrichBerg’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.
Leaving a different firm? See the exit guides for all 189 firms, with the four steps every exit shares.