InParadise: 15 different accounts! Is that really a good idea? Is that because you consider investing through any single brokerage too risky?It is for 4 people:Ed. IRAs for 2 children, as well as 3 UTGMAs, 2 of which will be condensed when the load no longer applies. (My parents started that one at Putnum for our oldest. We don't do load funds in any shape or form anymore, and convinced them to let us control the $ for the youngest, so his is in one account.)So 5 accounts for the kids.The rest are a 401K, Roth IRAs, contributory IRAs, rollover IRAs for different past employers and 401K and pension rollovers, some from the same employer. Two taxable accounts and one mmkt acct which I didn't even include in my original count.The accounts we trade stocks in tend to be at Brown, Mutual funds at Schwab, mmkt at X, 401K at Y, and Putnum fund at Z.I have asked tax experts whether or not we could merge our IRAs together, and the standard reply is probably not our best choice to do so. They don't really see any concrete reason other than to keep our options open in the future. If my brain survives that long in the tracking process! No, I am not paranoid and would have everything in one place were there a broker that was good for everything.FWIW,InParadise
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