Is a brokerage transfer always done in kind as the default nowadays?
-
- Posts: 1808
- Joined: Sat Jun 09, 2018 11:52 am
- Location: St. Louis
Is a brokerage transfer always done in kind as the default nowadays?
At some brokerages I do not see anything to check for it being in kind?
-
- Posts: 8951
- Joined: Thu Feb 25, 2016 6:11 pm
Re: Is a brokerage transfer always done in kind as the default nowadays?
Call your brokerage and ask them. Generic answers won’t help you.
Cheers.
Cheers.
-
- Posts: 1808
- Joined: Sat Jun 09, 2018 11:52 am
- Location: St. Louis
Re: Is a brokerage transfer always done in kind as the default nowadays?
Many people on here do transfers all the time. I thought I ask them. It's a common thing. I am talking about the big guys Vanguard, Fidelity, and Schwab.
Re: Is a brokerage transfer always done in kind as the default nowadays?
Vanguard, Fidelity and Schwab all do in kind transfers where possible if requested. If you don't hold anything wonky, everything will transfer.iamblessed wrote: ↑Tue Dec 07, 2021 4:07 pm Many people on here do transfers all the time. I thought I ask them. It's a common thing. I am talking about the big guys Vanguard, Fidelity, and Schwab.
Re: Is a brokerage transfer always done in kind as the default nowadays?
Major brokerages allow transfers in kind. But that's mostly irrelevant as it really depends on what you are trying to transfer. Big brokerages want to retain you by selling you securities that specifically cannot be moved elsewhere.