No. of Recommendations: 5
Birgit,

Color me cynical also. I would ask your advisor for a written statement directly comparing all the fees you currently incur or could incur (commissions per trade, advisor fees, load fees, etc) with what you will pay at TDA. I would also ask for in writing what incentives you will receive and he will receive for transfering your account. I would also talk to a branch manager or someone similar at Fidelity to see what incentives they would give you for remaining with them.

I transfered almost all my accounts and partner's and kids accounts out of TDA several years ago because TDA was intractable about lowering their commissions when Schwab and the rest of the world practically all lowered their's. I did like TDA's online and mobile interface much better.

The Schwab people by the way offered free trades for ten years in most of my family's accounts. Also some cash incentives. Turned out also the advisor they assigned to me was great!

I don't know what your fees are like at Fidelity but I am extremely skeptical that they will be lower at TDA and I am wondering EXACTLY how it will be a better deal or how you will directly benefit from this better investment advice and programs.

Get everything in writing...

David
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