It looks like sometime before the end of next year, they will move everyone over the the brokerage platform. Once they send you notice, it may happen any time after 30 days.I’m kind of concerned for my dad. He doesn’t use a computer. I recently asked him about vanguard going to brokerage and he wasn’t aware of it. Is there a process to convert over the phone without a computer?
Unfortunately he isn’t always receptive to help. I’d hate somewhere down the line for funds to get liquidated and forced capital gains that he is intending to hold for eventual step up.
It would be helpful if I could share some definitive facts - if one doesn’t do this, by then, then this will happen. I don’t want to push him to change if he doesn’t have to.
It doesn't appear that they would liquidate the holdings. It seems that they will move the funds over and freeze the account for new purchases. They will allow sales and withdrawals.
Your father should be able to transition over the phone. It's probably best to call first thing in the morning.
Statistics: Posted by exodusNH — Tue Jun 04, 2024 10:46 pm