Your Questions, Answered
What is this migration?
FutureMoney has made the strategic decision to move clearing, custody, and trading service for accounts held with Atomic Brokerage LLC and accounts for which Atomic Invest LLC acts as Registered Investment Advisor and Pershing Advisor Solutions LLC acts as broker, to Alpaca Securities, LLC (“Alpaca”) for all Roth IRA, Traditional IRA, and Individual accounts (“Accounts”). If your account is held with Altruist or Charles Schwab, or is already with Alpaca, this migration does not impact you.
Do my fees change?
No. Your ongoing fees, as defined in your Investment Management Agreement, do not change.
How will my account be transferred?
If your Account value is greater than or equal to $500, and liquidation is expected to incur a capital gain tax liability greater than the cost of ACAT, your account will be transferred by ACAT. Atomic will charge your account a $90 ACAT fee per Account. Please reach out to support@futuremoney.co for a reimbursement before April 30th, 2026.
If your Account value is less than $500, it will be transferred by ACH. Please note that liquidating and withdrawing from your Account may have tax consequences. For IRAs, withdrawals may be re-contributed within 60 days of withdrawal, once per year, to avoid treatment as an unqualified withdrawal. We recommend that you consult with a tax professional to ensure the correct treatment in your tax filing.
For IRAs below $25
If your Account value is less than $500, it will be transferred by ACH. Please note that liquidating and withdrawing from your Account may have tax consequences. For IRAs, withdrawals may be re-contributed within 60 days of withdrawal, once per year, to avoid treatment as an unqualified withdrawal. We recommend that you consult with a tax professional to ensure the correct treatment in your tax filing.
For IRAs below $25
What happens to the balance in my Cash account?
It will be deposited into the associated investment account under the same goal.
Are 529 plans part of this migration?
No. 529 plans are intended to be migrated separately in mid-2026.
Where can I get answers if I have other questions?
Please reach out to support@futuremoney.co.
When is the migration happening?
30 days from notice provided by email to affected users is when the migration is targeted for users who do not respond. We can start your migration sooner if you provide your proactive consent in writing to support@futuremoney.co.
When will my contributions begin?
Contributions should begin on the first scheduled contribution date after your onboarding to Alpaca is complete, unless your account does not qualify (ex: we cannot independently verify your identity). Weekly contributions are initiated on Mondays or next business day. Monthly contributions are initiated on the 1st of each month or next business day.
Will I have to pass identity verification again?
Yes, though this may occur in the background without any involvement from you. If your action is required to resolve any issues verifying your identity, you will be informed by email, or other channels as needed.
Will I be able to allocate my promotional balance to my goals?
Yes, after migration you will be able to allocate that money across your goals with the new custodian.
Will all of my goals still be visible?
If a goal has a positive balance after migration, it will be visible. As part of the migration process, we will hide goals with no positive balance. To unhide any of these goals, please reach out to support@futuremoney.co.
After migration, how will I see my Pershing-related statements, quarterly trade confirmations and tax statements?
If you have not done so already, you can get login details for Pershing’s portal to access these documents. You will find instructions in the Documents section of your app. These documents can be accessed through a URL shown in the app, using the Pershing login credentials you have set.
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Your investments are eligible for protection of up to $500,000 (including $250,000 for cash) under SIPC coverage in the event of a brokerage firm's financial failure. SIPC coverage does not protect against market losses.
FutureMoney RIA, LLC - Form CRS, Form ADV Part 2A, Privacy Policy. SEC registration as an investment adviser does not imply a certain level of skill. All investments made are legally owned by you.
Charles Schwab & Co. Inc. - Form CRS, Form ADV Part 2A, Privacy Policy
Altruist Financial LLC - Form CRS, Form ADV Part 2A, Privacy Policy
Alpaca Securities LLC - Form CRS, Privacy Notice, Use & Risk, Terms & Conditions, PFOF, Margin, Extended Hours, BCP Summary
Your investments are eligible for protection of up to $500,000 (including $250,000 for cash) under SIPC coverage in the event of a brokerage firm's financial failure. SIPC coverage does not protect against market losses.
FutureMoney RIA, LLC - Form CRS, Form ADV Part 2A, Privacy Policy. SEC registration as an investment adviser does not imply a certain level of skill. All investments made are legally owned by you.
Charles Schwab & Co. Inc. - Form CRS, Form ADV Part 2A, Privacy Policy
Altruist Financial LLC - Form CRS, Form ADV Part 2A, Privacy Policy
Alpaca Securities LLC - Form CRS, Privacy Notice, Use & Risk, Terms & Conditions, PFOF, Margin, Extended Hours, BCP Summary
If your state or your designated beneficiary’s state offers a 529 plan, you may want to consider what, if any, potential state income-tax or other state benefits it offers, such as financial aid, scholarship funds, and protection from creditors, before investing. State tax or other benefits should be one of many factors to be considered prior to making an investment decision. Please consult with your financial, tax, or other advisor about how these state benefits, if any, may apply to your specific circumstances. Earnings in 529 plan or Junior Roth IRA grow tax-free. Qualified withdrawals from these accounts are tax-free. Unqualified withdrawals may be subject to tax and penalty. Consult IRS website and your state tax authority for details. Certain conditions apply to 529 plan to Roth IRA rollover. See here for details.
Projected assets under management are based on current account values, recurring contributions set, estimated returns, and goal dates.
UI Screenshots Disclosure: All screenshots provided are for illustrative purposes only and any performance figures displayed should not be considered representative of actual performance.
UI Screenshots Disclosure: All screenshots provided are for illustrative purposes only and any performance figures displayed should not be considered representative of actual performance.