No. of Recommendations: 0
Eric - by all means, do the transfer and do it soon. You won't have to liquidate anything at all. You probably will have to pay a transfer fee to your existing broker (I had to pay $50). About the only time you might have to liquidate something is in the case where you have some mutual funds that are offered only thru your existing broker (that aren't 'publicly traded'). Sounds like that's not the case for you. I transferred my entire portfolio from a major full-service broker to an online broker web account about a year ago - one of the best investment decisions I ever made. The sooner you get going, the better - it took me nearly 3 months to get everything done. My existing full service broker really dragged their heels - I had to make several calls to them to keep things going in a timely way. Now that I've taken over control of my portfolio and have much less expensive trades (around $14/trade - not the very best, but wonderful compared to what I *used* to pay), I've done much, much better in the past year than in the past 3-4 years with the full-service guys. I know what's going on and why.

Peter Bohne
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