CNB Transfer Process

Recently several companies have announced that they will no longer hold certain alternative investments. If you receive notice that your investment can no longer be held with your current institution, CNB may be able to help!

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About CNB Custody

CNB Custody has over 3 decades of experience as an alternative investment custodian and is regulated by the OCC. Our goal is to give customers the ability to invest in a broad range of investment types while providing excellent customer service, a competitive fee schedule, and expedient turnaround time on requested transactions.

CNB is the low-cost solution for keeping your investment within a custodial account and avoiding the tax consequences of a distribution!

Account opening and transfer process

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If using an electronic signature

Step 1: Complete the IRA Application OR Non-Qualified Account Application

Step 2: Complete the IRA Transfer Request Form or Non-Qualified Transfer Request Form. There is an option to attach a copy of your current statement to this document, please do so. If your current custodian does not accept an electronic signature we will email you this document for your handwritten signature.

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If using a handwritten signature

Step 1: Complete the IRA Application OR Non-Qualified Account Application

Step 2: Complete the IRA Transfer Request Form or Non-Qualified Transfer Request Form.

Step 3: Attach a copy of your current statement.

Step 4: Submit the documents to CNB

Account Types

  • Traditional IRA
  • Roth IRA
  • SEP IRA
  • Beneficiary IRA
  • Individual
  • Joint Tenants
  • Trust
  • Tenants in Common

Account Fees

First year fees

Charged at Account Establishment

$0 Set-Up Fee

$0 2019 Base Fee

The set-up and 2019 base fee waivers are good for accounts opened between 10/15/2019 and 12/31/19.

Subsequent year fees

Billed each January

$80 Annual Base Fee

$50 Annual Asset Holding Fee

**Please note – If you have additional assets within your account you may be able to transfer them to CNB for no additional fee and decrease the fees with your current custodian. Please call us for more information at 800-680-0340 ext 6810.

Please see full fee schedule for complete fee details.

If you would like to include precious metals in your account, please refer to our precious metals fee schedule.

CNB does not endorse, sponsor, or recommend any investment products. We reserve the right to limit concentrations in or decline custody of investment products.

For more information regarding our services and fees, account establishment, or forms, please call our New Accounts Department at 800-680-0340, ext. 6810 or email newaccounts@communitynationalbank.net. We look forward to speaking with you and welcome the opportunity to provide custody service for your investments!