How to move your assets when you are unhappy with your strockbroker
What is the best way to move your assets from one investment adviser to another without triggering taxes? Tradition’s Chip Wieczorek, CFP answers this question on NJ.com.
Q. I’m not happy with my stock broker but can’t afford to move everything if it means selling and paying capital gains. Can stocks and ETFs in managed accounts be transferred to another brokerage firm without first cashing out of the first account?
A. It will depend on the assets, but in most cases, you’re going to be okay.
Assets can usually be transferred without any tax consequence, said Chip Wieczorek, a certified financial planner and investment advisor with Tradition Capital Management in Summit.
Read the entire article on NJ.com.
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