Author Topic: Moving stocks from Sharebuilder to Vanguard  (Read 3354 times)

Manguy888

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Moving stocks from Sharebuilder to Vanguard
« on: June 24, 2015, 08:19:26 AM »
Hey All,

I have about $20k in stock and ETF investments with Sharebuilder that I don't want to sell for tax reasons. Most of my investments are with vanguard and in a perfect world all of my investments would be listed on a single dashboard with a single company.

Is it possible to have these investments moved to Vanguard so that there's no sale and thus no tax implications? There's nothing specific to sharebuilder about these investments, it's just what I happened to use to buy them.

Thanks in advance for the help.

GGNoob

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Re: Moving stocks from Sharebuilder to Vanguard
« Reply #1 on: June 24, 2015, 08:21:38 AM »
You can do an In-Kind transfer to Vanguard. Call Vanguard if you'd like assistance with the process.

http://www.vanguard.com/pdf/v412.pdf

dandarc

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Re: Moving stocks from Sharebuilder to Vanguard
« Reply #2 on: June 24, 2015, 08:22:28 AM »
I believe this sort of thing is what the Vanguard Brokerage Account is for.

Call them - their customer service on this sort of thing is fantastic.

sabertooth3

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Re: Moving stocks from Sharebuilder to Vanguard
« Reply #3 on: June 24, 2015, 09:44:10 AM »
Yeah this is an in-kind transfer. VG will set you up with a brokerage account and run through your holdings to make sure they can all come over. The in-kind transfer does not incur any kind of tax, as no transaction is going to take place.

I am going to push back a little on the VG customer-service love though. I initiated a transfer in January and it wasn't done until March. I was with a major brokerage company and the process was supposed to take 5 business days. It took significantly longer, which is something I've found with Vanguard. For buy-and-hold investors, this isn't really a big deal. But don't expect immediate order execution or fund transfers, stuff takes 2-3 days that other firms would get done in 1-2.

Maybe my experience was an outlier, but that's my experience.

Thegoblinchief

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Re: Moving stocks from Sharebuilder to Vanguard
« Reply #4 on: June 25, 2015, 10:44:27 AM »
Yeah this is an in-kind transfer. VG will set you up with a brokerage account and run through your holdings to make sure they can all come over. The in-kind transfer does not incur any kind of tax, as no transaction is going to take place.

I am going to push back a little on the VG customer-service love though. I initiated a transfer in January and it wasn't done until March. I was with a major brokerage company and the process was supposed to take 5 business days. It took significantly longer, which is something I've found with Vanguard. For buy-and-hold investors, this isn't really a big deal. But don't expect immediate order execution or fund transfers, stuff takes 2-3 days that other firms would get done in 1-2.

Maybe my experience was an outlier, but that's my experience.

No, there are definitely others around here who have complained about pokey transfers. On the other hand, my 401(k) rollover went quite fast so my personal experience with speed has been positive.

pdxvandal

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Re: Moving stocks from Sharebuilder to Vanguard
« Reply #5 on: June 25, 2015, 05:54:59 PM »
Yeah, my 401k rollover with Vanguard took all of three business days.

wtjbatman

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Re: Moving stocks from Sharebuilder to Vanguard
« Reply #6 on: June 25, 2015, 10:54:37 PM »
The big pain in the ass to leaving Sharebuilder (Capital One Investing now) is they aren't part of the automated brokerage transfer service. I forget the official name. Anyway, that means you need to get a medallion signature guarantee to transfer out of Sharebuilder/COI. That's why I still have my account there, or else I'd be gone.

Manguy888

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Re: Moving stocks from Sharebuilder to Vanguard
« Reply #7 on: June 29, 2015, 05:13:57 AM »
Good info wtjbatman - that is unfortunate. My inner laziness may not get me past the medallion step.

The last time I had to get a medallion signature it involved waiting for a long time at a bank, then squirming uncomfortably while the woman running the bank branch tried to guilt me into starting an account (which, fair enough, since I basically came in off the street and used her for her mediallion signature authority).