I do not have experience with Fidelity or Schwab but understand they have physical brick and mortar locations. As my DW and I help her aging parents consolidate their investments, we are recognizing it might be beneficial to consolidate at a firm with a local office versus an online only firm like Vanguard. We have used Vanguard for years and are familiar with their website, funds, etc., and ideally would use Vanguard. However, my DW's parents are not sophisticated enough to open and/or transfer accounts online so they will either need to meet with a representative in-person or my DW and I will need to complete the consolidation process on their behalf using the powers granted to us by the statutory POAs. Long term, they have asked us to manage their investments going forward which we are capable of doing without engaging either Vanguard's, Fidelity's, or Schwab's advisor services.
For Fidelity and Schwab users: what are the benefits of their local offices? Can you have forms notarized? Could we meet with a rep and have my in-laws sign forms? Any other potential benefit of being able to meet face to face with a representative as we embark on this process?
I guess I envision a Fidelity or Schwab office acting a bit like a bank branch where you can schedule a meeting with a banker, open an account in person, and digitally sign any forms. Is this a fair vision?
For Fidelity and Schwab users: what are the benefits of their local offices? Can you have forms notarized? Could we meet with a rep and have my in-laws sign forms? Any other potential benefit of being able to meet face to face with a representative as we embark on this process?
I guess I envision a Fidelity or Schwab office acting a bit like a bank branch where you can schedule a meeting with a banker, open an account in person, and digitally sign any forms. Is this a fair vision?
Statistics: Posted by SWYK — Fri Jul 12, 2024 8:34 pm — Replies 7 — Views 562