why does Raymond James need client to move account to cash position before processing acats ?

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Most likely because RJ doesn’t have the buy-sell agreement for that mutual fund. Or the FA is crooked and churning account.

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It is only when something is transferring that RJ does not have a selling agreement on. It normally happens when it’s an alt fund or something that they believe there is a lower cost option. 95% of the time it does not need to be liquidated to transfer to RJ. Hope this helps answer your question.

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It’s a diversion tactic, it’s supposed to confuse you, the other rep is running a defensive play. A last ditch effort to save the game.

Thank you I'll assume buy sell agreement to give botd

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