Do you keep your investments in one place or spread them out?

[RobbieB]

I use 2 banks and 3 brokers.

 

[Danmar]

You don't have to have everything at one brokerage to do this. Any brokerage worth it's salt will have a function where it totals your assets at other locations automatically, once you set it up.

OK but not sure available in Canada. Bank accounts too?

 

[Chris7]

I prefer having it in as few places as possible. My retirement is with Schwab and I have a checking and HSA at local institutions.

cd :O)

 

[Fedup]

I have them at a few places. My attempt to consolidate everything at Vanguard failed thanks to Vanguard. Now my husband's money is with his 401k, mine is with Vanguard, I have a trading account with Scottrade, going to open a solo401k and HSA account with TDameritrade.


Sent from my iPad using Early Retirement Forum

 

[akck]

My retirement accounts are with one broker and I have 3 bank accounts. At some point, I may close one CU account, but will keep the other CU and national bank. I found it easier to keep track of investments with one broker.

 

[Katiek]

I have a few legacy accounts that my Dad set up for me years ago. I should consolidate them since neither has a large balance, but I think I keep them more for emotional reasons. They're money market accts and don't have a lot of activity, so it's not a big paper problem.

The rest of my investments are spread out among Vanguard, my work 401{k) administratior, a bank for some CDs and my IRA at a different institution. I'll eventually consolidate them more, but I like the idea of having at least three different institutions.

 

[Sunset]

For Stocks I had it all at 1 place.
They got hacked, which is not good but understandable, however since they didn't tell me for 1 year, so my password didn't get changed (it's really long), I could have been at risk.
Therefore, I moved a few accounts out from them.
The first move of a big account, they called and asked why, so I told them "Because they didn't tell me, I don't want all my eggs in 1 basket".
They didn't call for the second move of another large account.

 

[CABarb]

Why did you buy FSENX in the first place? I doubt the reason you have it in your portfolio has changed.

FSENX is in my rollover ROTH account and was under performing but today I made back a little of what I lost. It's in the ROTH for future retirement needs so I think I'll just hang on to it.

 

[kcowan]

I have 4 institutions plus 2 others in another country. I consolidate once a month, and can log into any one of them from instantaneous values/trades. As my tradings days are mostly over, this is not the burden it used to be as all my trading is in one of them.

DW and I have discussed this and agree that the spread across institutions is worth the trouble.

 

[38Chevy454]

All retirement accounts at Fidelity except DW's TSP. Local credit union for checking account and small savings.