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Q: How do I close my account and are there any penalties?

To close an InvestPathTM account: Log in to your AdviceWorksSM investment account platform. From the “My Accounts” page, use the “I would like to” menu to select “Withdraw money from my account.” Select the check box “Full Redemption: Withdraw the full amount out of my account.” Select the Submit button to complete your closure. Please note the following fees: IRA accounts are subject to $135 IRA Termination Fee. Withdrawals from a Traditional IRA before you reach age 59½ are considered “early” or “premature” distributions. Unless you qualify for an exception, you will incur a 10% early withdrawal tax penalty when you file your tax return. For more information, contact your tax professional. There is no termination fee for Individual or Joint investment accounts.

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FAQ

How do I close my account and are there any penalties?

To close an InvestPath^TM account:

Log in to your AdviceWorks^SM investment account platform.
From the “My Accounts” page, use the “I would like to” menu to select “Withdraw money from my account.”
Select the check box “Full Redemption: Withdraw the full amount out of my account.”
Select the Submit button to complete your closure.

Please note the following fees:

IRA accounts are subject to $135 IRA Termination Fee. Withdrawals from a Traditional IRA before you reach age 59½ are considered “early” or “premature” distributions. Unless you qualify for an exception, you will incur a 10% early withdrawal tax penalty when you file your tax return. For more information, contact your tax professional.
There is no termination fee for Individual or Joint investment accounts.

FAQsFrequently Asked Questions

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