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

Post by VonSteuben »

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: 6108
Joined: Thu Jul 26, 2007 6:23 pm
Location: Centennial CO

Re: Changing from Investment Banker to Vanguard

Post by dratkinson »

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. | I'm a novice investor; you are forewarned.
sport
Posts: 12084
Joined: Tue Feb 27, 2007 2:26 pm
Location: Cleveland, OH

Re: Changing from Investment Banker to Vanguard

Post by sport »

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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