What to do with inherited Morgan Stanley acct

[saveaduck]

Hi folks,

I'm in the fortunate position of having some inherited family money to invest. The money is currently in a Morgan Stanley acct, in several stocks that the family member picked out for various sentimental/'strategic' reasons. I suspect the MM crowd would say, move it all to Vanguard – but, the MS acct is not a managed acct (so the only fees are for buying/selling, at my decision) and I wonder what fees I might incur in the move (capital gains?) Should I stick with MS and buy some mutual funds through this account? Jump ship?
I'm new to all of this, so I would appreciate any advice on what factors to consider in making this decision.
Thanks!

[jim555]

Moving an account doesn't result in capital gains, just tell them to ACAT the account to the new broker.  This moves the positions over without a sale. 

I would avoid Vanguard Brokerage, much better discount brokers are available.