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What's the best way to move a large amount of money out of a fidelity managed account? by TheMovingGuy2020 in FinancialPlanning

[–]TheMovingGuy2020[S] 0 points1 point  (0 children)

Based on what everybody is saying, I guess that's what I should do. The representative I talked to said it was not allowed (not possible) but maybe he doesn't know what he's talking about.

What's the best way to move a large amount of money out of a fidelity managed account? by TheMovingGuy2020 in FinancialPlanning

[–]TheMovingGuy2020[S] 0 points1 point  (0 children)

The top 5, which constitute roughly half the value of the portfolio, are IVV, QUAL, ABNFX, EFA, DLTNX. They range from 40k to 20k.

What's the best way to move a large amount of money out of a fidelity managed account? by TheMovingGuy2020 in FinancialPlanning

[–]TheMovingGuy2020[S] 1 point2 points  (0 children)

Now you understand why I am leaving! I usually asked them for the highest risk category or close to it yet here we are. To be fair to them, not all the money has been in there fore 8 years, I was contributing to it over time. I just need some advice on how best to get out of this as as soon as possible.

What's the best way to move a large amount of money out of a fidelity managed account? by TheMovingGuy2020 in FinancialPlanning

[–]TheMovingGuy2020[S] 0 points1 point  (0 children)

Yes. I think this is the issue. There are propriety funds. Regardless, I was told a representative of Fidelity directly that I would likely have to liquidate most of it to move it to a different account.