Transferring assets to Empower can be a straightforward process, but it is essential to follow the necessary steps to ensure a smooth transaction. First, it is important to identify the type of account you are looking to transfer, such as a retirement account or a brokerage account, as this may affect the process.
To initiate a transfer, the typical approach involves completing a transfer request form, which can often be found on Empower's current website. This form will likely require details about your existing account, including account numbers and the financial institution holding your assets. Once the form is filled out, you would typically submit it to Empower, along with any requested identification documents.
After submission, Empower will work directly with your current financial institution to facilitate the transfer. It is beneficial to keep in mind that transfer times can vary depending on the institutions involved and the types of assets being transferred. Regularly checking on the status of your transfer through Empower's online platform can be helpful to stay informed. For specific questions, you may want to look for additional resources or contact information on Empower's website.
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