Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 12-17-2014, 05:37 PM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 7,886
Quote:
Originally Posted by FUEGO View Post
I hope we can opt out of any consolidation. Since DW still works for a FINRA regulated entity, we can't have a brokerage account at Vanguard (because it's not one of the approved custodians with our compliance department). We have extensive MF holdings at VG but will be out of compliance if they are held in a brokerage account at VG. DW will probably quit working soon anyway, so maybe this won't impact us.
More details described on VG's pdf file. From page 7:

Quote:
When do I need to act?

While you’re not required to move your assets at this
time, we’re asking you to act now so that you can join
the thousands who are enjoying the benefi ts of the
new account structure.
http://www.vanguard.com/pdf/faqbroch_122014.pdf

I'm holding off until I have to act
__________________

__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-17-2014, 05:55 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
 
Join Date: Jan 2007
Location: Independence
Posts: 5,459
We swapped - no worse or better than any other company revision. We ended up with our two accounts (hers and mine, with each other as beneficiary) proper on the registration details, but with my account shown as "hers and mine" in the account list, and with her account shown as "mine and hers and mine". We are assured they will get it corrected in 3-4 days. About as fun as when the bank changes it's software and all the autopayments I have set up have to be re-entered. Or when the garbage company changes it's software and I have to re-register for all the places and set up payments again.

Somehow I suspect there is a push by companies to make all these great changes right at year end. For our convenience of course.
__________________

__________________
calmloki is offline   Reply With Quote
Old 12-17-2014, 06:50 PM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,424
Quote:
Originally Posted by FUEGO View Post
I hope we can opt out of any consolidation. Since DW still works for a FINRA regulated entity, we can't have a brokerage account at Vanguard (because it's not one of the approved custodians with our compliance department). We have extensive MF holdings at VG but will be out of compliance if they are held in a brokerage account at VG. DW will probably quit working soon anyway, so maybe this won't impact us.
From the discussion I had with my rep, it is optional for existing accounts but at some point in the near future new accounts will be set up as brokerage accounts. The rep said that it may take as long as a decade to do the conversions so it didn't sound to me like they will be pushing it very hard.

We have 6 different accounts at VG (his, hers and ours taxable, his and hers Roth and his tiRA) and only my tIRA has both a mutual fund and brokerage account so perhaps I'll convert that one and leave the rest.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is offline   Reply With Quote
Old 12-17-2014, 06:52 PM   #24
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,424
Quote:
Originally Posted by braumeister View Post
This is exactly the kind of thing that sent the majority of my portfolio over to Fidelity about seven or eight years ago. I've never been anything but happy with their customer service. I keep one account at Vanguard with a couple of funds in it, but that's it.
I was just kidding with the guy... its my stock line with CSRs when their company is doing something stupid that inconveniences me. I have actually had good experience with them over a 25 year relationship.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is offline   Reply With Quote
Old 12-18-2014, 03:50 PM   #25
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
 
Join Date: Jan 2007
Location: Independence
Posts: 5,459
Quote:
Originally Posted by calmloki View Post
We swapped - no worse or better than any other company revision. We ended up with our two accounts (hers and mine, with each other as beneficiary) proper on the registration details, but with my account shown as "hers and mine" in the account list, and with her account shown as "mine and hers and mine". We are assured they will get it corrected in 3-4 days. About as fun as when the bank changes it's software and all the autopayments I have set up have to be re-entered. Or when the garbage company changes it's software and I have to re-register for all the places and set up payments again.

Somehow I suspect there is a push by companies to make all these great changes right at year end. For our convenience of course.
HEY! I"M RETIRED! So this morning Fidelity left a message to the effect that our Fidelity Amex has been compromised, but no worries - they are sending a new card which should arrive about Christmas time. On 1/6/2015 our old card numbers are no good and we need to just use the new card. Swell. So now I get to discover which bills are set to pull from the old Fidelity Amex. Kaiser insurance, Ebay, Amazon Prime, some garbage companies, ... uh uhh? what else... All I have is time, right?
__________________
calmloki is offline   Reply With Quote
Old 12-18-2014, 10:08 PM   #26
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2007
Posts: 7,526
Quote:
Originally Posted by calmloki View Post
HEY! I"M RETIRED! So this morning Fidelity left a message to the effect that our Fidelity Amex has been compromised, but no worries - they are sending a new card which should arrive about Christmas time. On 1/6/2015 our old card numbers are no good and we need to just use the new card. Swell. So now I get to discover which bills are set to pull from the old Fidelity Amex. Kaiser insurance, Ebay, Amazon Prime, some garbage companies, ... uh uhh? what else... All I have is time, right?
They send me a new card every 6 months or so. Minor inconvenience for 2% cashback everywhere (that takes Amex). And they are really quick to put a fraud block on my card, too.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (5, 11, and 12).
FUEGO is offline   Reply With Quote
Old 04-27-2015, 08:09 PM   #27
Thinks s/he gets paid by the post
gauss's Avatar
 
Join Date: Aug 2011
Posts: 1,709
2 questions about statements with Vanguard Brokerage accounts:

- If there are no trades how often are statements generated?

- Is a cumulative year to date statement still offered once a year?

I am concerned that Vanguard's moves to encourage all mutual fund holders to convert to brokerage accounts will cause more statement book keeping.

I was quite content to have quarterly statements and an annual year to date statement with my non-traded mutual funds.

Thanks
-gauss
__________________
gauss is offline   Reply With Quote
Old 04-27-2015, 08:36 PM   #28
Thinks s/he gets paid by the post
 
Join Date: Mar 2010
Location: Kerrville,Tx
Posts: 2,711
Quote:
Originally Posted by gauss View Post
2 questions about statements with Vanguard Brokerage accounts:

- If there are no trades how often are statements generated?

- Is a cumulative year to date statement still offered once a year?

I am concerned that Vanguard's moves to encourage all mutual fund holders to convert to brokerage accounts will cause more statement book keeping.

I was quite content to have quarterly statements and an annual year to date statement with my non-traded mutual funds. Since dividends come every month for stocks (not necessarily the same stocks however) there are transactions every month, as also occurs for sweep account.

Thanks
-gauss
You get a monthly statement which shows at least dividends paid out. It is easy to download. The december statement is year to date for mutual funds (vanguard funds) and shows dec only for stocks and non vanguard mutual funds. It also shows dividends declared but not yet paid for the brokerage accounts.
__________________
meierlde is online now   Reply With Quote
Old 04-27-2015, 09:04 PM   #29
Dryer sheet aficionado
 
Join Date: May 2010
Location: MT
Posts: 34
I prefer always having a brokerage account wherever I have my money because then I have the maximum options. I can buy individual stocks, ETF's, mutual funds which are not VG funds... so what you are doing now is what I did in first place.
__________________
Livin Large in MT is offline   Reply With Quote
Old 04-27-2015, 09:53 PM   #30
Thinks s/he gets paid by the post
 
Join Date: May 2014
Posts: 1,049
Sent from my iPad using Early Retirement Forum
__________________

__________________
rayinpenn is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
RV Upgrade Successful Rich_by_the_Bay Other topics 29 08-09-2007 01:59 PM
Software Upgrade/Conversion Tonight! Andy R Forum Admin 8 05-22-2007 11:28 AM
Slate: "The Best Computer Upgrade Ever" Nords Other topics 3 09-17-2006 09:17 AM
Video & RAM upgrade? Nords Other topics 25 05-07-2006 01:51 PM
DirecTV Tivo software upgrade problems KB Other topics 5 05-31-2005 12:55 PM

 

 
All times are GMT -6. The time now is 03:02 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.