jerome len
Full time employment: Posting here.
- Joined
- Nov 30, 2008
- Messages
- 728
FYI on moving everything to Fidelity:
You do have different people and departments at VG that make it difficult to move everything to VG. ........you can have and I've had the same problems at Fidelity.
I gave Fido all my banking ftranfer info for my IRA and and when i wanted to have some funds wired from my brokerage account they needed all the same info.....in writing.... that I had just given them a couple of months ago.....why? different account, different person. And, when I wanted a money transfer to pay taxes, they wouldn't release the money without a reason.....my money my business. Why? they were afraid I was moving it to another financial company.
Frankly, for many reasons, some good, some not, both VG and fido make it difficult to do busiess I''m high value client with both and will remain that way. If I had to choose one it would be VG......lower cost, more ETF funds and less trying to sell me high cost products.
Now, both fido and VG are better than others but I don't think, overall, you'll have fewer problems, better options or less costs with fido than VG. Maybe, some of us have better VG or fido reps......that probably is the reason some of us prefer one or the other.
finally, I like being affiliated with bogleheads......that's vg and another reason more of my money is with VG. And.....I read Barrons, they often recommend VG ETF funds.....less often than fido funds.
guess I'm lucky to have investment funds and the opportunity to complain about either of them on any given day.
You do have different people and departments at VG that make it difficult to move everything to VG. ........you can have and I've had the same problems at Fidelity.
I gave Fido all my banking ftranfer info for my IRA and and when i wanted to have some funds wired from my brokerage account they needed all the same info.....in writing.... that I had just given them a couple of months ago.....why? different account, different person. And, when I wanted a money transfer to pay taxes, they wouldn't release the money without a reason.....my money my business. Why? they were afraid I was moving it to another financial company.
Frankly, for many reasons, some good, some not, both VG and fido make it difficult to do busiess I''m high value client with both and will remain that way. If I had to choose one it would be VG......lower cost, more ETF funds and less trying to sell me high cost products.
Now, both fido and VG are better than others but I don't think, overall, you'll have fewer problems, better options or less costs with fido than VG. Maybe, some of us have better VG or fido reps......that probably is the reason some of us prefer one or the other.
finally, I like being affiliated with bogleheads......that's vg and another reason more of my money is with VG. And.....I read Barrons, they often recommend VG ETF funds.....less often than fido funds.
guess I'm lucky to have investment funds and the opportunity to complain about either of them on any given day.