The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/however-since-someone-alluded-to-the-fact-that-29120114.aspx

Subject:  Re: Loaded Funds, IRA Date:  2/21/2011  11:54 AM
Author:  2gifts Number:  68522 of 76422

However, since someone alluded to the fact that ML dragged their feet and denied receipt of their original transfer request form, some type of contact may be advisable to avoid any delay beyond when a fee for transfer would kick in. Perhaps an e-mail, even from Vanguard, cc'ing the OP and a copy of the form attached, sent to ML to confirm the transfer request original is "in the mail". Just trying to cover all the bases.

The transfer forms could be sent via certified mail.

ML will do what they want no matter the method of communication. And they're not the only broker to take a long time to transfer assets. I've had the same delays happen when I've moved accounts. It is amazing to me how long something like that can take.

In the OP's shoes, I'd let the new broker handle it. I might make a call to move it along once the request is in process if it is taking too long, but at that point, everything is already in motion.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us