I'll preface this by saying that I plan to contact Vanguard about this but I also wanted to get some perspective from redditors as well. Some background: My wife has a taxable account with a company called Davenport & Co (DPC for short). It is a smaller, less known brokerage. Her dad set it up for her years ago and it only has around 8k in it. We are in our 30s now and I just started getting into investing and following the 3 fund portfolio methods commonly recommended. Long story short I'd like to move her funds from Davenport to our joint Vanguard account. We are getting hit with capital gains and higher expense ratios that aren't an issue with our Vanguard portfolio. I understand it would probably be a ACATS transfer. What I don't really understand is how I can move the funds when they are spread out through several different holdings currently at DPC, and I'd want to put them into just VTSAX mostly with some VTIAX. Also I know it will take several days to complete. What will happen to the value of the assets during that time? Say the market has a wild upswing or downturn while the money is in limbo being transferred?
Submitted February 23, 2022 at 10:49PM by bobbyfinstock https://ift.tt/7NERAmO
