Vanguard will legally not provide any aspect of tax planning.drzzzzz wrote: ↑Tue Mar 09, 2021 8:36 pmThis is unfortunate and a crime to me - I would hope Vanguard at least would have brought this up when they spoke to your brother as well as sent multiple emails asking him to name beneficiaries on his account.michelef wrote: ↑Tue Mar 09, 2021 3:32 pm Unfortunately, my brother who died suddenly and unexpectedly at 56 late last year, did not have a good experience after I referred him to PAS. I referred him because he had very little investing knowledge, was prone to selling with market volatility and had been sold poor commission products in the past.
PAS managed his traditional IRA, Roth IRA and brokerage accounts for exactly one year. After his death, we were informed that none of his accounts had beneficiaries named. An old Fidelity 401k and IRA held at an insurance company both had beneficiaries listed. In his case, this resulted in most of his assets being inherited by an estranged relative who he never would have chosen to leave the money to.
A few years back, we used PAS for about 9 months to and left after multiple conversations related to tax loss harvesting and their approach. We were disappointed that Vanguard's marketing sounds better and more sophisticated than what they will actually do - their responses on a few issues included no recommendation especially with anything related to tax advice. We also found, at that time, that they were fairly rigid in their approach and not willing to compromise although I offered a variety of ideas to reach a mutually agreeable solution.
Tony