How to Leave Sanctuary Wealth: $50 to $150, Depending on Your Custodian

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. Sanctuary Advisors, LLC’s Form ADV Part 2A states “For the calendar month or quarter in which an advisory agreement is terminated, any paid but unearned fees will be promptly refunded to the client based on the number of days that the account was managed, and any fees due to us from the client will be invoiced or deducted from the client’s account prior to termination.” Sanctuary Advisors, LLC names five possible custodians in its brochure, with no single default: Charles Schwab & Co., Inc., Fidelity, Pershing LLC, Pershing Advisor Services, and Goldman Sachs Custody Solutions. If you are custodied at Schwab, budget $50.00 per account, per Charles Schwab & Co., Inc.’s own current fee schedule. If you are custodied at Pershing, budget $150.00 per account, per Pershing LLC / Pershing Advisor Services’ own current fee schedule. Fidelity’s own published fee schedule has no comparable line item for a full transfer-out, an honest gap rather than a confirmed $0. No primary-source public fee schedule was located for Goldman Sachs Custody Solutions, an honest gap rather than a confirmed figure.

The published numbers

From Sanctuary Advisors, LLC’s own Form ADV Part 2A (September 14, 2026), Item 5, Fees and Compensation, §5.A.3 “Payment” (page 11): “For the calendar month or quarter in which an advisory agreement is terminated, any paid but unearned fees will be promptly refunded to the client based on the number of days that the account was managed, and any fees due to us from the client will be invoiced or deducted from the client’s account prior to termination.” The same brochure names its custodians (Item 12, Brokerage Practices, §12.A (page 24)): “SA, LLC requires that clients select and establish accounts with one or more of the following qualified custodians: Schwab, Fidelity, Pershing LLC, Pershing Advisors Services, or Goldman Sachs Custody Solutions (“Goldman”).” From Charles Schwab & Co., Inc.’s own Pricing Guide for Clients of Independent Investment Advisors: “Full transfer (out) of assets: $50 per account.” From Pershing LLC / Pershing Advisor Services’ own Schedule of Maximum Charges: “Account Termination $150.00 per account.” Fidelity’s 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. No primary-source public fee schedule was located for Goldman Sachs Custody Solutions; left as an honest gap rather than assumed to be $0.

The 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 Sanctuary Wealth charges before you decide whether to leave? See the dollar breakdown from Sanctuary Wealth’s own fee disclosure.

Sources

• Sanctuary Advisors, LLC (d/b/a Sanctuary Wealth), “Form ADV Part 2A” (September 14, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1057756
• SEC Investment Adviser Public Disclosure, Sanctuary Advisors, LLC firm summary (CRD 226606): https://adviserinfo.sec.gov/firm/summary/226606
• 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
• 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 Sanctuary Wealth’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 Sanctuary Wealth, check whether it owes you a fiduciary duty in the first place.

What does it take to open an account? See Sanctuary Wealth’s minimum investment, straight from its own Form ADV Part 2A brochure.

Leaving a different firm? See the exit guides for all 189 firms, with the four steps every exit shares.