Holdings Transfer - Vanguard to Fidelity?

[engineernerd]

Ritter had his accounts closed, which any financial institution can do at any time to any of us.

Based on what Ritter wrote about his experience, I think you are right. They can just zero out your balances and render your debit card nonfunctional for an unknown length of time.

Proves my point, doesn't it?

Given the nature of his criminal convictions I am not surprised the bank no longer wanted his business.

Ritter's bank did that in January 2026. His convictions were in April 2011.

 

[mrfeh]

Hmmm - so, seems like biggest concern in that of losing access for x period of time?

So, maybe use Schwab as a second location only for taxable cash? SNAXX? Simple solution to having enough JIC of some strange other occurrence?

We keep a couple months of expenses at a credit union, just in case we couldn't access funds at our sole brokerage for some reason.

 

[engineernerd]

Not sure this is closing an account - as the holdings are a mix of Vanguard mutual funds and stocks - would be interesting to see.

Moving all your holdings to Fido is closing your Vanguard brokerage account. Doesn't matter what the securities are. You can hold Vanguard funds in your Fido brokerage account.

 

[TheWizard]

Vanguard charges a $100 fee to close an account, in case that matters to you.

Shades of EJ!!!

 

[Koolau]

If you're transferring the account, it will be closed. Doesn't matter what the holdings are.

I closed an account at Vanguard (emptied the account, anyway) and took the funds. No $100 fee.