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re: Splitting Accounts Over Several Brokerage Firms

Posted on 1/22/19 at 7:20 pm to
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 1/22/19 at 7:20 pm to
When you say you have money with a particular firm, what do you mean exactly?

If you have all your money in Schwab accounts, but invested in non-Schwab funds, then do you really have any "brokerage risk"?

All Schwab is doing in this scenario is being a middleman. If you own a Vanguard fund, a PIMCO fund, and a Schwab fund, all within your Schwab account, then you're already diversified with respect to firm.
Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 1/22/19 at 7:23 pm to
quote:

When you say you have money with a particular firm, what do you mean exactly? If you have all your money in Schwab accounts, but invested in non-Schwab funds, then do you really have any "brokerage risk"?


In this case the 700k is in VG and 100% in VG MF’s.
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