We have our monetary assets held in a few different financial institutions like Fidelity, Vanguard, BofA/Merrill, etc. and this has worked out well for us over the years.
Megacorp uses Fidelity for 401K and HSA. Wife has her IRA in Vanguard. BofA & Merrill for the checking, some credit cards and enough in ML investments to make all the banking fees go away (along with enabling our adult children to benefit as well by having me on their accounts).
However, I'm starting to consider moving DH's IRA over to Fidelity just for the ease of one less user interface and credential set to deal with and wonder if that's actual a bad idea. I really prefer the Fidelity site to the Vanguard site.
Obviously if my credentials are compromised there's more to gain by having things consolidated but I'm not too concerned about that. I guess I'm wondering if there are other risks I'm not accounting for and wanted to get more opinions.
Megacorp uses Fidelity for 401K and HSA. Wife has her IRA in Vanguard. BofA & Merrill for the checking, some credit cards and enough in ML investments to make all the banking fees go away (along with enabling our adult children to benefit as well by having me on their accounts).
However, I'm starting to consider moving DH's IRA over to Fidelity just for the ease of one less user interface and credential set to deal with and wonder if that's actual a bad idea. I really prefer the Fidelity site to the Vanguard site.
Obviously if my credentials are compromised there's more to gain by having things consolidated but I'm not too concerned about that. I guess I'm wondering if there are other risks I'm not accounting for and wanted to get more opinions.