The ACAT system can be used to transfer client assets between a non-DriveWealth brokerage account, and a DriveWealth brokerage account. While incoming ACATs can be submitted via API, outgoing ACATs must be submitted directly by the customer to the receiving broker.
DriveWealth does not automatically input a carrying firms DTC number, it's the partners responsibility to use the correct DTC number of the carrying firm when requesting the ACAT. A list of DTC number can be found here. The
carryingAccountNo should also match exactly how it appears on the customers account statements generated by the carrying firm.
status of the ACAT
timestamp of when the ACAT was created
internal error code. It's expected to receive
description of the ACAT request
array containing invalid or not accepted symbols
The ACAT has been successfully submitted
ACAT request was rejected because symbols are not available
Input(s) that were used are not valid
Request has already been submitted