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Changing from Investment Banker to Vanguard

Posted: Tue Jul 16, 2013 9:56 am
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?

Re: Changing from Investment Banker to Vanguard

Posted: Tue Jul 16, 2013 4:40 pm
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.

Re: Changing from Investment Banker to Vanguard

Posted: Tue Jul 16, 2013 5:02 pm
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