Q: What is the cutoff time for same-day liquidation processing?
A: Liquidation requests received by 3:00 PM ET are processed the same day. Requests submitted after 3:00 PM ET are processed on a best-efforts basis.
Q: How should I schedule a recurring transfer to align with my CMA withdrawal?
A: When setting up a recurring CMA withdrawal, choose a transfer date based on when funds must be settled and available at your custodian. SMArtX automatically generates the required liquidation trades two business days before the scheduled transfer date, so be sure to account for this lead time when selecting your transfer date. Note holidays when determining schedules.
Q: What if my custodian has settled funds requirements that affect my distribution timing?
A: Contact your custodian to confirm any settled funds requirements or distribution timing restrictions. Once those requirements are confirmed, schedule your CMA withdrawal accordingly. Keep in mind that SMArtX automatically generates the required liquidation trades two business days before the scheduled transfer date, so be sure to allow enough time to meet your custodian's settlement requirements.