Transfer from Merrill Lynch to Schwab?
I have some securities within a Merrill Lynch account and want to transfer the shares to business partner and his Schwab picture? This transfer is not considered a bequest to a charitable organization, and I've be told that I need a specific LOA form past I can implement the transfer? How do I this? I've tried to telephone my broker, but he's never around and the ML website is a pain to navigate. Cheers, Jay.
Answers: You might be capable of get this done seriously faster if you open an vindication at Schwab that is registered identically to your story at ML. That will make the verbs from ML to Schwab a lot easier, and later you can work with Schwab to move the money from your explanation to your partner's.
You're going the wrong way. Have the receiver call Schwab and Schwab will distribute forms and then walk to ML and collect them. It may involve opening an reason with Schwab and next closing it as soon as everything is complete. It sounds like a anguish, buts it is simpler than it sounds. I just did something tremendously similar with Schwab collecting investments from somebody else for me. They be great.
Note: my ML broker was never around any. I deal next to Schwab now. I bookish that you don't need to settle to him. For orders, within is always a broker on duty to cover for individuals not around. For other issues there is a Branch Operations Manager, and, failing adjectives else, ask for the Branch Manager.
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Answers: You might be capable of get this done seriously faster if you open an vindication at Schwab that is registered identically to your story at ML. That will make the verbs from ML to Schwab a lot easier, and later you can work with Schwab to move the money from your explanation to your partner's.
You're going the wrong way. Have the receiver call Schwab and Schwab will distribute forms and then walk to ML and collect them. It may involve opening an reason with Schwab and next closing it as soon as everything is complete. It sounds like a anguish, buts it is simpler than it sounds. I just did something tremendously similar with Schwab collecting investments from somebody else for me. They be great.
Note: my ML broker was never around any. I deal next to Schwab now. I bookish that you don't need to settle to him. For orders, within is always a broker on duty to cover for individuals not around. For other issues there is a Branch Operations Manager, and, failing adjectives else, ask for the Branch Manager.