toofrugalformycat
Full time employment: Posting here.
If this isn't the place to ask this question, please feel free to suggest a better place.
I'm wondering if anyone here has experience buying a fund closed to new investors in a Vanguard brokerage.
I own ACINX outside of the brokerage (directly from Columbia) but not in the brokerage. On the Vanguard site, it is shown as closed to new investors (which it is).
When I asked via email if owning it outside the brokerage qualified me to buy it inside Vanguard brokerage, Vanguard said yes, but it had to be done by phone.
I called today to be sure, and the guy said it had to be done "manually by someone in the fund access specialty area".
So tomorrow I'll phone Vanguard Brokerage and try to do it.
It just seems like something might come up.
Has anybody out there tried this? How did it go?
I'm wondering if anyone here has experience buying a fund closed to new investors in a Vanguard brokerage.
I own ACINX outside of the brokerage (directly from Columbia) but not in the brokerage. On the Vanguard site, it is shown as closed to new investors (which it is).
When I asked via email if owning it outside the brokerage qualified me to buy it inside Vanguard brokerage, Vanguard said yes, but it had to be done by phone.
I called today to be sure, and the guy said it had to be done "manually by someone in the fund access specialty area".
So tomorrow I'll phone Vanguard Brokerage and try to do it.
It just seems like something might come up.
Has anybody out there tried this? How did it go?