- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Charles Schwab just announced it is going to zero commissions on online stock trades
Posted on 10/1/19 at 9:15 am to LSURussian
Posted on 10/1/19 at 9:15 am to LSURussian
How cumbersome is it to switch over online brokerage accounts from one firm to another?
ETA, Would a place like Schwab basically handle all the nuts and bolts for me if I wanted to go over to them?
ETA, Would a place like Schwab basically handle all the nuts and bolts for me if I wanted to go over to them?
This post was edited on 10/1/19 at 9:18 am
5
Posted on 10/1/19 at 9:25 am to Y.A. Tittle
quote:
ETA, Would a place like Schwab basically handle all the nuts and bolts for me if I wanted to go over to them?
I don't know the answer to this, but if they put a value on customer service, that tactic would be a no brainer to drum up new business.
Posted on 10/1/19 at 9:27 am to Y.A. Tittle
quote:
How cumbersome is it to switch over online brokerage accounts from one firm to another?
This all depends on what underlying stocks, funds, or ETFs you have. That’s the benefit of ETFs quite frankly is you can transfer say VTI to Schwab very, very easily, but in some cases you couldn’t move VTSAX without selling it first and generating the capital gains taxes.
Call Schwab and they will handle all the details for you. You may need to get a Medallion signature which is a pain in the arse, but that’s about it.
This post was edited on 10/1/19 at 9:28 am
Posted on 10/1/19 at 9:55 am to Y.A. Tittle
quote:It's simple as long as you don't own a proprietary fund managed by your current manager that is not a listed fund. You fill out an authorization form that they provide to you and they handle it from there.
How cumbersome is it to switch over online brokerage accounts from one firm to another?
I've been with Schwab for about half of my investments for over 25 years. (I switched the other half to TDAmeritrade a few years ago just so I wouldn't have all of my eggs in one basket.....just in case.)
I've been very pleased with Schwab's customer service the few times I've had a problem. They are very responsive.
For the record, I don't own stock in Schwab or any other broker.
Posted on 10/1/19 at 1:12 pm to Y.A. Tittle
Open a schwab account. pick up the phone to call them and tell them you want to do an ACAT transfer. SChwab can hold pretty much all investments except maybe something like a statefarm mutual fund.
It is really easy.
It is really easy.
Posted on 10/1/19 at 5:00 pm to Y.A. Tittle
quote:
Would a place like Schwab basically handle all the nuts and bolts for me if I wanted to go over to them?
It’s been a number of years since I opened my account with them. I don’t remember much about the process, nothing negative for sure. I have recently moved money and stocks from an outside account to schwab and it was super easy. The cost basis on the stocks I moved to schwab also went with the transfer.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News