IRA Rollover Question

A women wants to transfer her traditional IRA to our company, but her current advisor changed from one Broker Dealer to another within the last two months. He told her that she could only change companies once in a 12 month period. She has not taken possession of the money. It is my understanding that if she has not taken possession of the money she can do that.



The limitation is only applies to the rollover of IRA distributions.  A proper trustee-to-trustee transfer of an IRA is neither a distribution nor a rollover and is not reportable of Form 1099-R or Form 5498, so trustee-to-trustee transfers of IRAs are unlimited.



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