Changing from Investment Banker to Vanguard

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VonSteuben
Posts: 1
Joined: Tue Jul 16, 2013 9:49 am

Changing from Investment Banker to Vanguard

Postby VonSteuben » Tue Jul 16, 2013 9:56 am

I inherited some money. It is in a trust account with one of the biggest investment bank companies. I want to transfer to passive index funds. How do I do that considering that it is a trust account?

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dratkinson
Posts: 2937
Joined: Thu Jul 26, 2007 6:23 pm
Location: Centennial CO

Re: Changing from Investment Banker to Vanguard

Postby dratkinson » Tue Jul 16, 2013 4:40 pm

Call Vanguard and ask them how to transfer the trust. They will probably send you a form to complete in which you authorize them to transfer the trust "in kind" to them.
d.r.a, not dr.a.

sport
Posts: 3831
Joined: Tue Feb 27, 2007 3:26 pm
Location: Cleveland, OH

Re: Changing from Investment Banker to Vanguard

Postby sport » Tue Jul 16, 2013 5:02 pm

Who is the Trustee and what are the terms of the trust? The trust should state who controls the investments and how to change them.
Jeff


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