Changing from Investment Banker to Vanguard

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Changing from Investment Banker to Vanguard

Postby VonSteuben » Tue Jul 16, 2013 10:56 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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Re: Changing from Investment Banker to Vanguard

Postby dratkinson » Tue Jul 16, 2013 5:40 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.
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Re: Changing from Investment Banker to Vanguard

Postby jsl11 » Tue Jul 16, 2013 6:02 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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