What is a NON-ACAT transfer of assets?

A non-ACAT transfer of assets refers to the movement of securities or investment accounts that is not processed through the Automated Customer Account Transfer Service (ACAT). This type of transfer typically involves transferring assets between different types of financial institutions or accounts that are not compatible with ACAT's automated system. Non-ACAT transfers can take longer to complete and may require manual processing and additional paperwork. Examples include transferring assets to a bank or an international brokerage account.