Hi, I have an old Roth IRA at Merrill that I want to transfer to Fidelity and merge with my new Roth IRA.
My Merrill Roth IRA is currently holding a mutual fund that Fidelity also provides for their Roth IRA. There is one partial share that I'll probably leave at Merrill so the transfer isn't delayed with that needing to be sold.
I haven't submitted the transfer request from Fidelity yet because I have a couple questions, but I did a test run and it looks pretty straight forward on Fidelity's end.
Does Merrill Lynch require a Medallion Signature Guarantee for this transfer?
How much does Merrill Lynch charge for the transfer? And does this transfer fee come out of the Merrill Roth IRA balance or do they take it out of my CMA Merrill account?
I'll probably ask my ML advisor these questions soon but I thought someone here may have some experience with transferring away from Merrill.
Thanks.
Submitted January 15, 2024 at 11:55PM by axm300c https://ift.tt/PU852mz
