Author Topic: Help me transfer brokerage accounts to mutual-fund-only accounts  (Read 278 times)

Miss Piggy

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For fun, I am taking a part-time gig with a financial institution. True to form, and in accordance with regulations, they are requiring me to move my brokerage accounts "in house" so they can keep an eye on them. Last time I did this, my workaround was to open mutual-fund-only accounts at Vanguard. Those Vanguard accounts were recently (maybe a year ago) switched to brokerage accounts (by Vanguard), and it is my understanding that Vanguard no longer offers a mutual-fund-only account.

I REALLY don't want to move my accounts to this financial institution. Four accounts are IRAs (two Roth, two traditional; two are mine, two are my spouse's) and one is a standard after-tax brokerage account.

Any workarounds? Does any firm offer a mutual-fund-only account anymore?

Miss Piggy

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Re: Help me transfer brokerage accounts to mutual-fund-only accounts
« Reply #1 on: April 03, 2020, 08:18:15 PM »
Bump. Just double-checking...Anyone have ideas for me? Thanks!

terran

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Re: Help me transfer brokerage accounts to mutual-fund-only accounts
« Reply #2 on: April 03, 2020, 08:54:48 PM »
It doesn't help avoid moving your accounts, but many brokerages now offer fee free ETF trades. If that's the case with the one you'll be working for, you could have Vanguard convert your mutual funds to the ETF equivalent (they can do this without triggering taxes) and then transfer the accounts in kind.

Miss Piggy

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Re: Help me transfer brokerage accounts to mutual-fund-only accounts
« Reply #3 on: April 04, 2020, 09:59:31 AM »
Ok thanks.