Changing from Investment Banker to Vanguard
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- Posts: 1
- Joined: Tue Jul 16, 2013 9:49 am
Changing from Investment Banker to Vanguard
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?
- dratkinson
- Posts: 6108
- Joined: Thu Jul 26, 2007 6:23 pm
- Location: Centennial CO
Re: Changing from Investment Banker to Vanguard
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.
Re: Changing from Investment Banker to Vanguard
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
Jeff