The Final, Definitive Thread on Brokerage Transfer Bonuses

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klaus14
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by klaus14 » Sun Jul 21, 2019 4:12 pm

neilpilot wrote:
Sun Jul 21, 2019 12:58 am
pre wrote:
Sat Jul 20, 2019 11:58 pm
neilpilot wrote:
Fri Jul 19, 2019 9:52 pm
pre wrote:
Fri Jul 19, 2019 9:46 pm
SlowMovingInvestor wrote:
Fri Jul 19, 2019 8:03 pm
$1000 for 300K seems like the sweet spot. Can we get the bonus for non-IRA accounts ?
Yea, the above tiers apply for cash accounts, too. The "CMA" in footnote stands for Cash Management Account
Last year we received 2 new account bonuses from ME, and they matched the table above. EXCEPT the waiting period was 6 months, not 9.
May I ask if those were the Money Show $1k/$200k tier offers? Those seem to consistently be six months.

I'm looking forward to doing that offer again in a few months (the Chicago expo)
Yes, they were. But that was our first and last time we plan to open ME accounts. Wasn’t a good experience.
Why wasn't it?

neilpilot
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by neilpilot » Sun Jul 21, 2019 4:37 pm

klaus14 wrote:
Sun Jul 21, 2019 4:12 pm
neilpilot wrote:
Sun Jul 21, 2019 12:58 am
pre wrote:
Sat Jul 20, 2019 11:58 pm
neilpilot wrote:
Fri Jul 19, 2019 9:52 pm
pre wrote:
Fri Jul 19, 2019 9:46 pm


Yea, the above tiers apply for cash accounts, too. The "CMA" in footnote stands for Cash Management Account
Last year we received 2 new account bonuses from ME, and they matched the table above. EXCEPT the waiting period was 6 months, not 9.
May I ask if those were the Money Show $1k/$200k tier offers? Those seem to consistently be six months.

I'm looking forward to doing that offer again in a few months (the Chicago expo)
Yes, they were. But that was our first and last time we plan to open ME accounts. Wasn’t a good experience.
Why wasn't it?
viewtopic.php?f=1&t=282831&p=4583817&hi ... k#p4583817

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SlowMovingInvestor
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by SlowMovingInvestor » Mon Jul 22, 2019 5:11 pm

Anyone have any comments on getting a bonus from a xfer to Ally Investing ?

Specifically

1) Do they accept Vanguard Funds ?
2) Do they do transfer via ACATS, and do they xfer cost basis properly ?
3) How is their year end tax reporting ?

SJR
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by SJR » Tue Aug 06, 2019 7:36 am

Mike14 wrote:
Sun Oct 14, 2018 5:59 pm
SJR wrote:
Sat Oct 13, 2018 10:22 pm
Yes, I was able to get a bonus for multiple accounts. I actually had 2 joint accounts, one individual account, and a Roth. Each one received $150 in transfer credits and a bonus based on the assets within that account. I was told that the limit is 2 accounts per type, so 2 joint, 2 individual, etc. Worked out pretty well all in all.
It's my understanding that joint vs individual counts as a different customer. But did you get the bonus twice for the same account type, e.g. twice for taxable that were both jointly held?
Yes.

placeholder
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by placeholder » Sat Aug 10, 2019 1:28 pm

I signed up for two merrill edge bonuses early in the year with the trader expo link and scored $1000 each in a taxable and a Roth.

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Admiral Fun
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Best bonus after Merrill Edge?

Post by Admiral Fun » Thu Aug 15, 2019 9:15 am

I am taking advantage of the $1000 signup bonus for Merrill Edge.

I have $300k worth of additional Vanguard ETFs that I would be willing to park somewhere else for a similar bonus and smooth transfer.

In August 2019, what's the recommended move after Merrill Edge?

Edit: looking back through the thread, it seems like TD Ameritrade could be a good option. There's an offer of $1000 bonus for $250,000 transfer. Any gotchas I should look out for?

placeholder
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by placeholder » Thu Aug 15, 2019 12:35 pm

TDA is fine just know that the holding period is one year and the selection of ETFs isn't as good as edge.

neilpilot
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by neilpilot » Thu Aug 15, 2019 3:06 pm

placeholder wrote:
Thu Aug 15, 2019 12:35 pm
TDA is fine just know that the holding period is one year and the selection of ETFs isn't as good as edge.
Actually, isn't the selection of ETFs the same?

Note, I didn't say "commission free ETFs". Unless you are a frequent trader, you should be able to get enought free trades to cover most or all commissions.

My experience is TDA has far better customer service, and less burdensome policies, than ME.

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Admiral Fun
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TLHing after a brokerage transfer

Post by Admiral Fun » Thu Aug 15, 2019 4:37 pm

placeholder wrote:
Thu Aug 15, 2019 12:35 pm
TDA is fine just know that the holding period is one year and the selection of ETFs isn't as good as edge.
I'm assuming all the usual Vanguard ETF pairs for tax loss harvesting are available in Merrill Edge and TDA. Correct?

Also, when doing a partial transfer from VG to ME or TDA do you get to select the lots you want to move? If not, how does it work?

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SlowMovingInvestor
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by SlowMovingInvestor » Thu Aug 15, 2019 7:33 pm

neilpilot wrote:
Thu Aug 15, 2019 3:06 pm
placeholder wrote:
Thu Aug 15, 2019 12:35 pm
TDA is fine just know that the holding period is one year and the selection of ETFs isn't as good as edge.
Actually, isn't the selection of ETFs the same?

Note, I didn't say "commission free ETFs". Unless you are a frequent trader, you should be able to get enought free trades to cover most or all commissions.

My experience is TDA has far better customer service, and less burdensome policies, than ME.
The free trades are typically only 90 days. What happens after that ? Do you keep asking some rep to give you free trades for any DCA or tax loss selling you want to do ?

TDA does have better customer service. And their site is generally better. OTOH, ME has advantages like being able to sign up for BoA preferred Rewards program.

I would personally pick Etrade right now, since it has good service, bonuses and an very good collection of commission free ETFs/MFs.

neilpilot
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by neilpilot » Thu Aug 15, 2019 7:47 pm

SlowMovingInvestor wrote:
Thu Aug 15, 2019 7:33 pm
neilpilot wrote:
Thu Aug 15, 2019 3:06 pm
placeholder wrote:
Thu Aug 15, 2019 12:35 pm
TDA is fine just know that the holding period is one year and the selection of ETFs isn't as good as edge.
Actually, isn't the selection of ETFs the same?

Note, I didn't say "commission free ETFs". Unless you are a frequent trader, you should be able to get enought free trades to cover most or all commissions.

My experience is TDA has far better customer service, and less burdensome policies, than ME.
The free trades are typically only 90 days. What happens after that ? Do you keep asking some rep to give you free trades for any DCA or tax loss selling you want to do ?

TDA does have better customer service. And their site is generally better. OTOH, ME has advantages like being able to sign up for BoA preferred Rewards program.

I would personally pick Etrade right now, since it has good service, bonuses and an very good collection of commission free ETFs/MFs.
Actually, I don't even have free trades anymore. Sure I could ask, but there's a limit to how cheap I can be.

With only 15-20 trades a year scattered about my various accounts, I happily pay $100-150/yr for excellent service and access to a local office. ME was truly terrible to work with and could never set up my accounts properly, although they said "no problem" when I opened those account. I couldn't wait for the 6 month hold on the bonus to end so I could get away from them.

placeholder
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by placeholder » Thu Aug 15, 2019 8:52 pm

Sorry for any confusion for me only free ETFs are considered but all in all I prefer edge anyway.

JustinR
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by JustinR » Fri Aug 16, 2019 2:47 am

Earl Lemongrab wrote:
Fri Jun 28, 2019 1:20 pm
Are you sure it's the same bonus? Same offer code and all?
Hey Earl,

How churnable is Merrill in your experience?

I finished a Merrill bonus and am now transferring the funds out to Etrade.

Can I come back to Merrill right away when ETrade is done in 6 months?

Or can you do them right after another? Or even simultaneously on multiple accounts?

GeraniumLover
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Re: TLHing after a brokerage transfer

Post by GeraniumLover » Fri Aug 16, 2019 5:35 am

Admiral Fun wrote:
Thu Aug 15, 2019 4:37 pm
Also, when doing a partial transfer from VG to ME or TDA do you get to select the lots you want to move? If not, how does it work?
I can't speak for VG to ME or TDA, but I was unable to move specific lots from Fidelity to Etrade. The workaround was to create another account at the original broker, transfer the desired lots to the new account, then transfer the entire new account to the target brokerage.

neilpilot
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by neilpilot » Fri Aug 16, 2019 8:40 am

JustinR wrote:
Fri Aug 16, 2019 2:47 am
Earl Lemongrab wrote:
Fri Jun 28, 2019 1:20 pm
Are you sure it's the same bonus? Same offer code and all?
Hey Earl,

How churnable is Merrill in your experience?

I finished a Merrill bonus and am now transferring the funds out to Etrade.

Can I come back to Merrill right away when ETrade is done in 6 months?

Or can you do them right after another? Or even simultaneously on multiple accounts?
I think Earl is no longer here.....he left the room in July

GeraniumLover
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by GeraniumLover » Fri Aug 16, 2019 5:01 pm

neilpilot wrote:
Fri Aug 16, 2019 8:40 am

I think Earl is no longer here.....he left the room in July
That's too bad. If he was exiled, I hope it was by the mods and not God.

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whodidntante
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by whodidntante » Fri Aug 16, 2019 5:06 pm

JustinR wrote:
Fri Aug 16, 2019 2:47 am
Earl Lemongrab wrote:
Fri Jun 28, 2019 1:20 pm
Are you sure it's the same bonus? Same offer code and all?
Hey Earl,

How churnable is Merrill in your experience?

I finished a Merrill bonus and am now transferring the funds out to Etrade.

Can I come back to Merrill right away when ETrade is done in 6 months?

Or can you do them right after another? Or even simultaneously on multiple accounts?
Merrill requires one year between bonus payouts (confirmed by CSR) and there is a separate clock for IRAs and taxable accounts. Also, don't transfer exactly the same assets (same tickers same quantity) out and then back in. At least run a comb through its hair first.

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whodidntante
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by whodidntante » Fri Aug 16, 2019 5:09 pm

Deleted
Last edited by whodidntante on Sun Aug 18, 2019 8:53 am, edited 1 time in total.

JustinR
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by JustinR » Sat Aug 17, 2019 1:01 am

whodidntante wrote:
Fri Aug 16, 2019 5:06 pm
JustinR wrote:
Fri Aug 16, 2019 2:47 am
Earl Lemongrab wrote:
Fri Jun 28, 2019 1:20 pm
Are you sure it's the same bonus? Same offer code and all?
Hey Earl,

How churnable is Merrill in your experience?

I finished a Merrill bonus and am now transferring the funds out to Etrade.

Can I come back to Merrill right away when ETrade is done in 6 months?

Or can you do them right after another? Or even simultaneously on multiple accounts?
Merrill requires one year between bonus payouts (confirmed by CSR) and there is a separate clock for IRAs and taxable accounts. Also, don't transfer exactly the same assets (same tickers same quantity) out and then back in. At least run a comb through its hair first.
Thank you! They were specific about the clock being about payouts? So you could start your bonus earlier as long as the payout is at least a year after the last bonus was paid?

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whodidntante
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by whodidntante » Sat Aug 17, 2019 1:07 am

JustinR wrote:
Sat Aug 17, 2019 1:01 am
whodidntante wrote:
Fri Aug 16, 2019 5:06 pm
Merrill requires one year between bonus payouts (confirmed by CSR) and there is a separate clock for IRAs and taxable accounts. Also, don't transfer exactly the same assets (same tickers same quantity) out and then back in. At least run a comb through its hair first.
Thank you! They were specific about the clock being about payouts? So you could start your bonus earlier as long as the payout is at least a year after the last bonus was paid?
The exact wording was "received a new account offer" so I took that to mean payout date.

placeholder
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by placeholder » Sat Aug 17, 2019 3:08 pm

GeraniumLover wrote:
Fri Aug 16, 2019 5:01 pm
That's too bad. If he was exiled, I hope it was by the mods and not God.
I can confirm that my old buddy is happy and healthy and not coming back.

If you need to discuss it with me PM of course.

Bronco Billy
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Bronco Billy » Tue Aug 20, 2019 7:12 pm

Is there any bonus if you move from Vanguard to FIDO?
It's a POOR woman that cannot support ONE man.

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whodidntante
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by whodidntante » Tue Aug 20, 2019 7:20 pm

Bronco Billy wrote:
Tue Aug 20, 2019 7:12 pm
Is there any bonus if you move from Vanguard to FIDO?
Fidelity has mostly gotten out of bonus game, except for large accounts. If you are transferring millions they might bite.

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SlowMovingInvestor
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by SlowMovingInvestor » Tue Aug 20, 2019 7:31 pm

whodidntante wrote:
Tue Aug 20, 2019 7:20 pm
Bronco Billy wrote:
Tue Aug 20, 2019 7:12 pm
Is there any bonus if you move from Vanguard to FIDO?
Fidelity has mostly gotten out of bonus game, except for large accounts. If you are transferring millions they might bite.
And they seem to be once in a lifetime too, although they might make an exception for a really large account.

Bronco Billy
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Bronco Billy » Tue Aug 20, 2019 8:02 pm

SlowMovingInvestor wrote:
Tue Aug 20, 2019 7:31 pm
whodidntante wrote:
Tue Aug 20, 2019 7:20 pm
Bronco Billy wrote:
Tue Aug 20, 2019 7:12 pm
Is there any bonus if you move from Vanguard to FIDO?
Fidelity has mostly gotten out of bonus game, except for large accounts. If you are transferring millions they might bite.
And they seem to be once in a lifetime too, although they might make an exception for a really large account.
I was thinking they might do something to get that Vanguard money.
It's a POOR woman that cannot support ONE man.

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SlowMovingInvestor
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by SlowMovingInvestor » Tue Aug 20, 2019 8:06 pm

Bronco Billy wrote:
Tue Aug 20, 2019 8:02 pm
SlowMovingInvestor wrote:
Tue Aug 20, 2019 7:31 pm
whodidntante wrote:
Tue Aug 20, 2019 7:20 pm
Bronco Billy wrote:
Tue Aug 20, 2019 7:12 pm
Is there any bonus if you move from Vanguard to FIDO?
Fidelity has mostly gotten out of bonus game, except for large accounts. If you are transferring millions they might bite.
And they seem to be once in a lifetime too, although they might make an exception for a really large account.
I was thinking they might do something to get that Vanguard money.
Not if it comes with a Vanguard/Bogle like attitude of buying only very low cost index funds, and not using advisors :happy

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whodidntante
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by whodidntante » Tue Aug 20, 2019 8:09 pm

Bronco Billy wrote:
Tue Aug 20, 2019 8:02 pm
I was thinking they might do something to get that Vanguard money.
They decided to beat Vanguard at their own game. No account fees, no minimum investments, and lower expense ratios for those silly index funds. Then, when you decide to beat the market, you can just buy Contrafund! :twisted:

Bronco Billy
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Bronco Billy » Tue Aug 20, 2019 9:35 pm

:happy I really messed it up.
Last edited by Bronco Billy on Wed Aug 21, 2019 7:46 am, edited 3 times in total.
It's a POOR woman that cannot support ONE man.

Bronco Billy
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Bronco Billy » Wed Aug 21, 2019 7:43 am

I called FIDO and they do give you 300 trades if you move in over 50k and 500 trades if you move over 100k. Was told these are good for 2 years. I have a IRA and Roth ira with Fido now. ... and i do own contrafund also. :happy
It's a POOR woman that cannot support ONE man.

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