Comments on: Account Transfer from ShareBuilder to Zecco: The Information You Need http://www.thesunsfinancialdiary.com/investing/account-transfer-from-sharebuilder-to-zecco-the-information-you-need/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Chrishttp://www.thesunsfinancialdiary.com/investing/account-transfer-from-sharebuilder-to-zecco-the-information-you-need/#comment-52265 Chris Wed, 25 Feb 2009 17:40:49 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/account-transfer-from-sharebuilder-to-zecco-the-information-you-need/#comment-52265 Putting your money with Zecco is a mistake. No more free trades, they have the worst accounting methods (I am complaining to FINRA because I think they stole money from me), and their customer service reps don't know SEC rules and are rude. The management is not knowledgeable either. Putting your money with Zecco is a mistake. No more free trades, they have the worst accounting methods (I am complaining to FINRA because I think they stole money from me), and their customer service reps don’t know SEC rules and are rude. The management is not knowledgeable either.

]]> By: Johnhttp://www.thesunsfinancialdiary.com/investing/account-transfer-from-sharebuilder-to-zecco-the-information-you-need/#comment-34144 John Thu, 10 Jan 2008 20:19:10 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/account-transfer-from-sharebuilder-to-zecco-the-information-you-need/#comment-34144 Also, it will take approx. 30 days for transfer according to a Sharebuilder associate. Also, it will take approx. 30 days for transfer according to a Sharebuilder associate.

]]> By: Sunhttp://www.thesunsfinancialdiary.com/investing/account-transfer-from-sharebuilder-to-zecco-the-information-you-need/#comment-13327 Sun Sat, 07 Jul 2007 19:57:58 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/account-transfer-from-sharebuilder-to-zecco-the-information-you-need/#comment-13327 Drew: Since ShareBuilder charges $15.50 for real-time transaction, I suspect they will charge less simply because I want to sell partial shares. But I won't know until it's done and see how much the who process really cost me.In addition to the $15.50 fee for selling your shares, transferring account out of ShareBuilder will cost you another $50. If you have a small account, then perhaps selling all your shares and closing the account at ShareBuilder and starting all over again at Zecco is the best way. Of course, it depends on how much you have made with ShareBuilder from your investment. It looks like from ShareBuilder's website that they don't charge fees for closing the account. I don't know if you transfer only the whole shares, but ShareBuilder says on their website you will pay $10 per security transferred out.Though Zecco doesn't change commissions, they are still a small player and not everybody feels comfortable with them. I myself am a little skeptical on how long they can maintain the fee-free structure and their customer service really isn't great. I guess there are still many waiting. Also many have been with their current broker for a long time (I have been using Scottrade for six years), and they probably don't want to abandon it (I still keep my Scottrade account and most of my investments). Drew: Since ShareBuilder charges $15.50 for real-time transaction, I suspect they will charge less simply because I want to sell partial shares. But I won’t know until it’s done and see how much the who process really cost me.

In addition to the $15.50 fee for selling your shares, transferring account out of ShareBuilder will cost you another $50. If you have a small account, then perhaps selling all your shares and closing the account at ShareBuilder and starting all over again at Zecco is the best way. Of course, it depends on how much you have made with ShareBuilder from your investment. It looks like from ShareBuilder’s website that they don’t charge fees for closing the account. I don’t know if you transfer only the whole shares, but ShareBuilder says on their website you will pay $10 per security transferred out.

Though Zecco doesn’t change commissions, they are still a small player and not everybody feels comfortable with them. I myself am a little skeptical on how long they can maintain the fee-free structure and their customer service really isn’t great. I guess there are still many waiting. Also many have been with their current broker for a long time (I have been using Scottrade for six years), and they probably don’t want to abandon it (I still keep my Scottrade account and most of my investments).

]]> By: Drewhttp://www.thesunsfinancialdiary.com/investing/account-transfer-from-sharebuilder-to-zecco-the-information-you-need/#comment-13016 Drew Thu, 05 Jul 2007 03:21:17 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/account-transfer-from-sharebuilder-to-zecco-the-information-you-need/#comment-13016 Thanks for the post Sun!I was curious about the partial share transfer issue. So it will cost $15 to liquidate partial shares?!I'm new to investing so my ShareBuilder account is small, so this would eat into my profits quite a bit. This may be a stupid question, but is there a way that I can only transfer whole shares (and retaining my partial shares in my ShareBuilder account)?Finally, how is ShareBuilder going to compete with Zecco in the long run and how does Zecco say in business? Thanks for the post Sun!

I was curious about the partial share transfer issue. So it will cost $15 to liquidate partial shares?!

I’m new to investing so my ShareBuilder account is small, so this would eat into my profits quite a bit. This may be a stupid question, but is there a way that I can only transfer whole shares (and retaining my partial shares in my ShareBuilder account)?

Finally, how is ShareBuilder going to compete with Zecco in the long run and how does Zecco say in business?

]]> By: Sunhttp://www.thesunsfinancialdiary.com/investing/account-transfer-from-sharebuilder-to-zecco-the-information-you-need/#comment-12701 Sun Mon, 02 Jul 2007 02:08:58 +0000 http://www.thesunsfinancialdiary.com/investing/brokerage/account-transfer-from-sharebuilder-to-zecco-the-information-you-need/#comment-12701 aschmuck: Thanks for pointing me to the information. I don't know how I missed it. So far I haven't heard anything about my transfer yet, but it looks like the partial shares will be liquidated as that's what ShareBuilder does when an account is transferred out. If that's the case, then this transfer is too costly as I will have to pay $15.50 fee to sell the partial shares. I should have just sold all my shares and closed the account instead of transferring it out. aschmuck: Thanks for pointing me to the information. I don’t know how I missed it. So far I haven’t heard anything about my transfer yet, but it looks like the partial shares will be liquidated as that’s what ShareBuilder does when an account is transferred out. If that’s the case, then this transfer is too costly as I will have to pay $15.50 fee to sell the partial shares. I should have just sold all my shares and closed the account instead of transferring it out.

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