I'll try to keep this short, but I'll be glad to elaborate and answer questions.
Background facts: I'm 35. Debt free. I'm pretty good with money and have been saving for years. I was just raised that way. Investing is something I'm slowly learning. I'm planning to get married in less than a year. We will have a prenup and we sat down and ran her credit report, so I know she's honest about her finances. No big deal.
On to my problem:
A few years ago, when my grandparents died, they left me a house and about a million dollars worth of stocks. I got the house right away and the dividends from the stocks as they come. The stocks themselves were in a trust fund until I reached 35. I've reached 35 and the stocks are being transferred to me.
The attorney for the trust has used Wells Fargo as the broker. It's a small town and he wanted a local broker. WF is the only one in town. I think he's friends with him too. Small towns suck.
Aside from this, I have had no dealings with Wells Fargo. But I have heard a LOT of bad things about them. I don't want anything to do with Wells Fargo. Also, they charge a commission on any trades I make.
I don't intend to spend this money. I like the dividends. I just don't want to get screwed.
So...
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How do I get it moved to another broker without paying a bunch of fees and commissions?
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What would be the best option for brokerage? I have a few thousand in e-trade that I've played around with over the years. Should I continue with that or go with something else? I don't plan to do a lot of trading, but I do want to be in full control of it. I'd also like to do as much as possible online.
Please help. I'm scared to death that these brokers and advisors are going to suck this money up with their fees and commissions.
Thank you!
Submitted March 04, 2018 at 01:16AM by HateWellsFargo http://ift.tt/2FRl7iK
