![]() Also called an ACH transfer or ACH transaction, this payment method is extremely safe and more. Its unique because, unlike other payment types, the ACH system goes through the ACH Clearing House rather than card networks. Fees are lower per transaction than other types of payments. The ACH system is an electronic bank-to-bank payment in the US that allows you to transfer money from one bank to another. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. ACH makes banking easier, more convenient, and more efficient. There are no guarantees that working with an adviser will yield positive returns. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). All investing involves risk, including loss of principal. This is not an offer to buy or sell any security or interest. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. ![]() ![]() SmartAsset does not review the ongoing performance of any RIA/IAR, participate in the management of any user’s account by an RIA/IAR or provide advice regarding specific investments. Secondary SEC Codes For inbound IAT entries, the Transaction Type Code field is used to identify ACH transactions that were originated using other ACH applications by parties outside the territorial jurisdiction of the United States. SmartAsset’s services are limited to referring users to third party registered investment advisers and/or investment adviser representatives (“RIA/IARs”) that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. The Transaction Type Code is a required, three-character field in the 1st IAT Addenda record. Securities and Exchange Commission as an investment adviser. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. After completing each transaction, customers will receive an Acknowledgment Number.
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