I signed up with my current broker (Smith Barney) 3.5 years ago because I needed a break from watching my portfolios every night after getting home late from work, even though I made a lot of money under my own managment. I assumed this major brokerage house (Smith Barney) would be able to provide a return at least equal to my results. I was soooo wrong! I have been paying them over 1k/qtr for less than 4% return , after fees, over the last 3.5 years.  My question:
I transferred all of my investment portfolios (less my 401K) to SB to hold on account. As a trial, I let SB liquidate one of my portfolios and invest the funds in one of their "managed" portfolios (which included some real winners like Enron, Tyco and Worldcom :  . This is the dismal return I mentioned above. Now I need to dump this loser portfolio and transfer all my accts./funds to my Vanguard brokerage acct. to resume managing myself. My problem...
The "managed" portfolio SB currently has me invested in is made up of 28 different stocks. If I request a transfer of all accounts to my Vanguard brokerage account, will the stocks be transferred "as is"? Will I be responsible for liquidating these stocks when I see fit or will SB liquidate and transfer the funds.? Will there be any fees for closing my Smith Barney acct? I hope several of you have been in this situation and can advise. Thanks for any help.
Slipp
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