3429: How to Transfer Your Brokerage Account by Jeff Rose of Good Financial Cents on Investment Relocation
Jeff Rose breaks down the surprisingly simple process of transferring your brokerage account, even if you're leaving a financial advisor
Optimal Finance Daily - Financial Independence and Money Advice · Optimal Living Daily | Diania Merriam
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Show Notes
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Episode 3429:
Jeff Rose breaks down the surprisingly simple process of transferring your brokerage account, even if you're leaving a financial advisor. Learn how to avoid hidden fees, reduce delays, and make sure your investments move seamlessly using the ACAT system, all while sidestepping the frustration of awkward conversations with your current firm.
Read along with the original article(s) here: https://www.goodfinancialcents.com/brokerage-account-transfer-fees/
Quotes to ponder:
"Many people don’t realize how easy it is to actually transfer your brokerage account elsewhere. It’s easier than switching banks."
"Make sure you can see exactly how much you would pay if you had to pay anything at all."
"Verify with your insurance company before liquidating any annuity contracts."
Episode references:
SEC Guide to Account Transfers: https://www.sec.gov/about/reports-publications/investorpubsacctxferhtm
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