I currently use etrade as my broker. I'm considering changing to a new broker, as I'll be making multiple trades\month over the next 12 months+, and etrade are on the expensive side.
I hold all shares in my name, however I am thinking about opening a joint account with my wife, using a new broker. The intent is to purchase all new investments with a 50\50 split. I know there are other mechanisms, such as a trust, but I can't seem to convince myself to go that way.
As far as I know, it's possible to have multiple CHESS sponsored brokers, so in theory I do not need to transfer my existing holdings to the new broker.
If I did, I'm just wondering what the implications would be. Presumably my wife would then assume 50% of all holdings at the cost basis when transferring? Anything else to consider?