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How to Leave Valmark Advisers: $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. ValMark Advisers, Inc.’s Form ADV Part 2A states “Upon termination of any account, any prepaid, unearned fees will be handled in accordance with the applicable manager’s description of services.” ValMark Advisers, Inc. names two possible custodians in its brochure, with no single default: Charles Schwab, and Pershing. 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 Advisor Solutions LLC’s own current fee schedule.

The published numbers

From ValMark Advisers, Inc.’s own Form ADV Part 2A (June 2026), Item 5, Fees and Compensation: “Upon termination of any account, any prepaid, unearned fees will be handled in accordance with the applicable manager’s description of services.” The same brochure names its custodians (Item 12, Brokerage Practices): “As noted above, qualified custodians available for ACCESS accounts include Pershing LLC and Charles Schwab.” From Charles Schwab & Co., Inc.’s own Pricing Guide for Clients of Independent Investment Advisors: “Full transfer (out) of assets” at “$50 per account” From Pershing Advisor Solutions LLC’s own Schedule of Maximum Charges: “Account Termination” at “$150.00 per account” The custodian depends on the account program (Schwab or Pershing); the Pershing figure is Pershing’s own maximum schedule and not a fee Valmark itself states.

WhatFigure
Valmark Advisers’ own exit charge$0.00 extra: pro-rated refund of any prepaid fee (Form ADV)
Full transfer-out at Schwab$50.00 (Charles Schwab & Co., Inc.’s own Pricing Guide for Clients of Independent Investment Advisors)
Full transfer-out at Pershing$150.00 (Pershing Advisor Solutions LLC’s own Schedule of Maximum Charges)
ACATS validation and completion window1 day to validate, 3 days to complete under FINRA Rule 11870 (measured in business days)

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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.

Sources

Methodology. This page was built September 28, 2026, drawing on Valmark Advisers’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.

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