For all practical purposes we hold most of our retirement and day to day living/bank cash under the roof of one bank. We also have the usual work accounts and Treasury Direct Accounts (tied to this bank). It been a great experience thus far, enjoy the free trades (all Vanguard as of today), all accounts on one statement is truly wonderful, etc.
When it comes time to quit working and or change jobs expect the work accounts to be rolled over to our IRA's that are held at the bank noted above, 5 years give or take.
For 2017 thinking of starting another brokerage account at Fidelity and start filling that up rather than the brokerage account that's under the bank umbrella. Thinking of doing this to give some peace of mind to the what if's. I think its highly unlikely that anything could/would happen to prevent us from gaining access to cash but one never knows. The bank was hit by some DOS attacks a couple of years of ago that was a little unnerving I admit.
If we held our investment accounts at Vanguard and or Fidelity and kept our banking separate don't think we would be thinking about this now.
It would work out to about a 50/50 split with the current bank holding the IRA's and Fidelity holding taxable when all said in done.
Bonus question, thinking Fidelity being they have some brick and mortar (I think banking too, need to check on that), any other houses to consider? I tossed Vanguard to the curb being we hold Vanguard funds already or maybe that is a reason to go there!
What say you, open another account or take a chill pill?