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  • msf January 2018
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Direct rollover question

Should a person received an itemized accounting of all funds sold or just the total sales ?
I did a rollover in early part of 4/th quarter , receiving total amount, but no break down on individual funds.

Thanks & good investing,
Derf

Comments

  • The receiving (new) institution doesn't need to know anything other than you wanted the old place to liquidate the account and transfer the cash.

    See, e.g. this Vanguard IRA transfer form (Section 4A) where almost those exact words appear. One fills in the account number and checks the box "Liquidate all my holdings in this account and transfer the cash." http://www.vanguard.com/pdf/s360.pdf

    As far as the new place is concerned, all it did was pass along your generic "liquidate" order and take in a cash deposit. It doesn't know (or at least doesn't care about) more than that.

    It's the old place that held your funds and that's who is supposed to provide you trade confirmations, monthly or quarterly statements, etc. Check your year end statement from them.
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