I have about some assets in a portfolio. How do I transfer those assets to another investment firm or bank?

I have a portfolio containing stocks, bonds etc. which somehow, back in my childhood - became managed by a certain Investment Bank. Because of various reasons I would like to transfer the assets of in that portfolio to a "house" that is here in my city. How do I initiate this transfer? I don't want to sell any of the stocks or bonds - not yet.

Location of your broker is not important. Move only for better service at lower cost. If you meet these criteria, have your new broker send paperwork to authorize the transfer to them.

contact the custodian( not the one that cleans the offices) of the firm you are associated with currently, and initiate the transfer of all assetts to next member firm. When you say "house", They will have to be registered with the NASD.

Your new broker will have a form to fill out. Do so and attach a copy of your most recent statement from the old firm. Check that you want all assets transferred in kind.

Note that certain assets might not transfer without liquidation. Also securities that are not DTC eligible will have to be sent to you in certificate form. Most brokers charge for letting your account go.