Account Management
The Pitfalls of Transferring Your Account
There is a little more to transferring a brokerage account than you might think. On the surface it is an easy process. Something called ACATS (Automated Customer Account Transfer System) allows you to move from one firm to another simply by signing authorization forms. It might take two or three days for the paperwork to process …
Never Keep All Assets in One Institution
Financial Institutions frequently try to convince investors that it is great to hold everything under one roof, despite the fact it is a terrible idea. The most frequent sales pitch seems to be that it creates ease of record keeping. They often have attractive portfolio allocation monitoring tools with all sorts of charts and graphs. …
Increase Security with a Banking-Only Computer
Caution is needed when using the Internet to access financial accounts. Modern technology has made banking easier than ever. But there are people all over the world who try to steal using that same technology. By now most of us have had our email account hacked. Something like that is more of a nuisance than …