So if I want to leave Vanguard, where I have 99% Vanguard funds, and go back to Fidelity, is there some way to do it without liquidating everything? In my Roth and Traditional IRA, I have mutual funds and ETFs. I think the ETFs would transfer without a fee. But Vanguard funds would have fees, correct?
There is no need to sell everything from Vanguard. That is an option but not required. You can open a brokerage account with Fidelity and fill out their transfer request form. Give Fidelity your Vanguard account information, and they’ll gladly transfer your asset from Vanguard to Fidelity.
If Vanguard charges you for moving out of their firm, Fidelity will reimburse the fee.
Fidelity is known for its excellent customer service. If you have any questions or need help with your account, you can quickly contact a representative. Fidelity also offers a wide range of investment options, including stocks, bonds, mutual funds, and ETFs.
Furthermore, most Fidelity mutual funds require no minimum investment, whereas, with Vanguard, there is a $3,000 minimum for their index funds.
It’s really easy to transfer your assets from Vanguard over to Fidelity. Start by creating an account with Fidelity. You can do so directly through their website.
Once your desired account has been created, you need to fill out this Transfer of Assets form. Provide Fidelity with your Vanguard account information, and they will start the transfer process. Fidelity will do everything for you. Just sit back and relax.
It takes about 3-5 days to move everything from Vanguard to Fidelity. Some accounts may take up to 2 weeks. In the meantime, you can use the Transfer Checker tool to keep an eye on your account’s status.
I am somewhat new to Fidelity. I still have my holdings in Vanguard target date funds and now that I roll over my accounts to Fidelity, I want to start migrating to Fidelity funds.
Two things you can do:
- Keep your holdings as is, even after they have been moved to Fidelity.
- Sell your existing Vanguard portfolio and replace it with the equivalent or comparable Fidelity funds.
Vanguard has a lot of complaints about customer service and their website, so I stayed at Fidelity.
Has anyone moved their Roth from Vanguard to Fidelity just because they liked the Fidelity user experience better? I enjoy the web interface better on the Fidelity platform.
Yes, they would have fees through Fidelity and they are listed on Fidelity’s site. I love Vanguard too. I have both Fidelity and Vanguard. Everything can be rolled over. I believe there is a transfer fee for taxable brokerage account.
Depending on your balance, Fidelity paid me $1500 to transfer to them. But personally I would open and start from scratch with Fidelity.
I just did a transfer from Vanguard to Fidelity. It was free (Fidelity paid me back the $75 fee). No need to sell your holdings. Your mutual funds are included.
It can rollover in kind as long as it is not a proprietary fund, such as an advisor fund that is only held with Vanguard. Everything else, such as ETFs and stocks, will be fine.