Brat
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
One more reason to do business with Fidelity!
A quick look at Fidelity says that TOD works the same as Vanguard. If you're the TOD beneficiary of a taxable account, you can transfer the assets due to you to a new or existing Fidelity account. You can't go direct to an outside account.One more reason to do business with Fidelity!
One more reason to do business with Fidelity!
Did they create the account without your signature?
I don't want to sign their agreement which has a mandatory arbitration clause. So, I'd consider it progress if they set up the account without a signature.
For an account at Vanguard, the TOD beneficiaries must open an account at Vanguard to transfer their assets in. It's my understanding that the beneficiary must contact VG to set all this up. After that you can keep, liquidate, or transfer the account elsewhere.
I'm not clear on the order of events you had at EJ but it might have been the same thing.
I think Edward Jones would like it to be that simple. "Just sign here, we'll set up an account for you. Then you can do what you like."Wow just wow. Makes me appreciate Fido & Schwab. When mom died 3 of us took her death cert to Fido and the assets were divided 5 equal ways (per TOD) into 5 accounts at Fido. Split each asset almost to the penny ..... 1 sibling got 1c more. Then my sis & I took our account numbers to Schwab who transferred it over to them. I later sold what it was in and picked my own assets. I remember it taking only a few minutes. The bank account was just as simple. Made me really appreciate TOD / POD tags
Good to know, thanks.
My cousin's son is an Edward Jones financial consultant in a southern college town.
He and his wife live in a much larger home than they should have. They're seen at all the college athletic events. He makes all the local lunch meetings. Edward Jones wants their people to be extremely visible.
And the company often takes them to meetings in exclusive locations like high line ski resorts in Colorado and Utah.
Thank goodness he's never approached me for my business as I'm the one in the family with the financial resources. I know him too well to trust my finances to him.
It was easy to end my EJ account. I just filled out the transfer docs at the new broker and poof it was closed.
Fired for lack of performance.
They were doing quite well for themselves with your money. Your expectations of making money for yourself are out of line with their reality.It was easy to end my EJ account. I just filled out the transfer docs at the new broker and poof it was closed.
Fired for lack of performance.