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RunningBlake
Arkansas Fan
Searcy
Member since Aug 2011
3734 posts

Etrade acquires Capital One Investing/Sharebuilder....


TigerstuckinMS
LSU Fan
Member since Nov 2005
16494 posts

re: Etrade acquires Capital One Investing/Sharebuilder....
Yep. Time to bail. I'm already looking to decide where I'm going to move my money.


LSUtigerME
LSU Fan
Walker, LA
Member since Oct 2012
1919 posts

re: Etrade acquires Capital One Investing/Sharebuilder....
quote:

Yep. Time to bail. I'm already looking to decide where I'm going to move my money.

Why time to bail?


MNCscripper
USA Fan
Alligator Bayou
Member since Jan 2004
9975 posts
 Online 

re: Etrade acquires Capital One Investing/Sharebuilder....
Paging Thib-a-doe Tiger


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Cin8
LSU Fan
Nation's Capital
Member since Aug 2017
34 posts

re: Etrade acquires Capital One Investing/Sharebuilder....
Thanks for sharing the article RunningBlake. I use Sharebuilder/CapOne and had not seen this.


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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
5413 posts

re: Etrade acquires Capital One Investing/Sharebuilder....
I have been with them since they were ING Direct, then to Capital One 360, then to Capital One, and now to ETrade. Anyone tell me why I should care about this?


Htown Tiger
LSU Fan
Houston
Member since Sep 2005
2193 posts

re: Etrade acquires Capital One Investing/Sharebuilder....
quote:

I have been with them since they were ING Direct, then to Capital One 360, then to Capital One, and now to ETrade. Anyone tell me why I should care about this?

I think this is different than what is being sold. Etrade is buying CapOneInvesting, not CapitalOne. I was/am also with ING Direct --> CapOne 360 --> CapOne, but I dont think those accounts are changing. Unless I misunderstood...


OnTheBrink
Alabama Fan
TN
Member since Mar 2012
5413 posts

re: Etrade acquires Capital One Investing/Sharebuilder....
quote:

I think this is different than what is being sold. Etrade is buying CapOneInvesting, not CapitalOne. I was/am also with ING Direct --> CapOne 360 --> CapOne, but I dont think those accounts are changing. Unless I misunderstood...


I gotcha. I didn't even read the article. I guess my thoughts are I have been with them for so long and have noticed no decline in service, why should this bother me. Can anyone fill me in on ETrade for investing?


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TigerstuckinMS
LSU Fan
Member since Nov 2005
16494 posts

re: Etrade acquires Capital One Investing/Sharebuilder....
quote:


Why time to bail?

I was using Capital One Investing only because their trades were something like $4 if you set it up to execute automatically on an automatic deposit plan. I used them for things that I didn't necessarily want to tie up a minimum initial investment that's usually required to buy a fund directly from the bank that manages it.

Since E-Trade currently doesn't seem to offer this (at least I couldn't find it on their website), I'm going elsewhere if I have to pay $7 a trade. Further, this isn't as if it's a debt that Capital One is selling off. These are my accounts with my assets in them. That doesn't sit well with me, as they're just assuming I want to trust my money to E-Trade. Finally, I just don't trust E-Trade. It's irrational distrust, but it's there. If my bank were sold to someone I didn't trust, I'd move my money. Same thing.
This post was edited on 1/26 at 1:28 pm


lsugradman
USA Fan
Sumatra, Indonesia
Member since Sep 2003
6837 posts
 Online 

re: Etrade acquires Capital One Investing/Sharebuilder....
Yep agree with all of the above. Not t happy with this. I was with Sharebuilder and was on the Advantage plan which allowed $1 trades on automatic investing.


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Twenty 49
LSU Fan
Shreveport
Member since Jun 2014
9996 posts
 Online 

re: Etrade acquires Capital One Investing/Sharebuilder....
quote:

Capital One Financial Corp. is selling more than 1 million brokerage accounts to E*Trade Financial Corp. for $170 million as the bank exits the self-directed online investing business.


Doesn’t sound like this affects the Capital One 360 and related money market accounts. Will wait ad see.

I also started with ING Direct way back when, and now have the 360 and money market accounts. The latter pays 1.4 percent right now! Beats the hell out of most CDs, and you can pull it any time you want with no penalty.


Blackspots
Member since Jun 2018
4 posts

re: Etrade acquires Capital One Investing/Sharebuilder....
I was with Sharebuilder before it was even with ING (when it was its own company as Sharebuilder). I opened my account way back in Nov/Dec 2001. I am still under the $12/mo advantage plan with 12 free trades and $1 each thereafter. I am really hoping that they keep me under this plan.
This post was edited on 6/6 at 7:19 pm


tokenBoiler
Purdue Fan
Lafayette, Indiana
Member since Aug 2012
2105 posts

re: Etrade acquires Capital One Investing/Sharebuilder....
quote:

Anyone tell me why I should care about this?

It looks like E-Trade is ditching the 'Sharebuilder' part of the operation.

If you just use it as a normal brokerage, it's probably not a big deal.


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tokenBoiler
Purdue Fan
Lafayette, Indiana
Member since Aug 2012
2105 posts

re: Etrade acquires Capital One Investing/Sharebuilder....
quote:

I am still under the $12/mo advantage plan with 12 free trades and $1 each thereafter. I am really hoping that they keep me under this plan.


Me too; I'm not optimistic at all that E-Trade will continue that.


KingBarkus
Mississippi St. Fan
New Orleans
Member since Nov 2009
2608 posts
 Online 

re: Etrade acquires Capital One Investing/Sharebuilder....
quote:

I also started with ING Direct way back when, and now have the 360 and money market accounts. The latter pays 1.4 percent right now! Beats the hell out of most CDs, and you can pull it any time you want with no penalty.


#metoo


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Blackspots
Member since Jun 2018
4 posts

re: Etrade acquires Capital One Investing/Sharebuilder....
Welp, they are not
quote:

Starting on July 13, there will be some changes to Capital One Investing's offerings. PortfolioBuilder® will no longer be available after July 13, 2018, and the ShareBuilder® Investment Plan will not be available after July 17, 2018. These are the last days, respectively, that you can enter trades for each program.

When the ShareBuilder Investment Plan is discontinued, your purchase instructions and corresponding money transfer instructions associated with this program will be canceled. All open orders associated with this program will be canceled on July 18, 2018. If you are enrolled in the Advantage subscription program, including the Costco Advantage program, the last monthly subscription fee was charged on May 1, 2018. You will not be charged a fee for your subscription in June or July, and your subscription benefit will end on July 17, 2018.

Dividend reinvestment will no longer be available after July 17, 2018. Dividends and capital gains paid after that date will be distributed to your account in cash before your account is moved to E*TRADE.

I'll be switching to Stockpile at the beginning of July, sell all my investments at CapitalOne, withdraw the money and then rebuy them at Stockpile. I don't know if they do automatic investments, but they do dividend reinvestments and fractional shares, and commission is $0.99 a share (which is effectively the same cost as ShareBuilder, considering the 12 free investments under the $12/month Advantage plan)
This post was edited on 6/8 at 9:34 pm


LSUtigerME
LSU Fan
Walker, LA
Member since Oct 2012
1919 posts

re: Etrade acquires Capital One Investing/Sharebuilder....
quote:

I'll be switching to Stockpile at the beginning of July, sell all my investments at CapitalOne, withdraw the money and then rebuy them at Stockpile.


Is this the only option for transferring to a new brokerage?

I use Fidelity at work, so I could easily switch and manage them from there with my 401k. However, selling all my investments and reinvesting doesn’t seem like a great plan from a tax perspective. Unless there’s something I’m missing.


Blackspots
Member since Jun 2018
4 posts

re: Etrade acquires Capital One Investing/Sharebuilder....
You can read this thread here, LINK / It mentions that you can transfer an account to another brokerage, but that costs money (usually something like $75). It all depends if the place you are leaving (and going to) is a member of ACATS (Automated Customer Account Transfer System), CapitalOne is not. I can't tell if Stockpile is or not.
This post was edited on 6/8 at 11:30 pm


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RunningBlake
Arkansas Fan
Searcy
Member since Aug 2011
3734 posts

re: Etrade acquires Capital One Investing/Sharebuilder....
quote:

Dividend reinvestment will no longer be available after July 17, 2018. Dividends and capital gains paid after that date will be distributed to your account in cash before your account is moved to E*TRADE.


Do you know when the transfer date is for accounts to be moved from cap one to etrade?

So....after July 17th, no more drip? I'm not familiar with etrade but it looks like they do offer drip. Do you know if this is just temporary?


Blackspots
Member since Jun 2018
4 posts

re: Etrade acquires Capital One Investing/Sharebuilder....
I don't know when the transfer date is, I'd imagine only CapOne and Etrade know that.

Also, I found a better place to go to, M1 Finance. Auto investing, and fractional investing. Best of all, its all free.
This post was edited on 6/10 at 8:20 pm


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