CAN YOU MANAGE ACCOUNTS HELD AT FIDELITY?
No. To keep our highly automated process as efficient as possible, we only manage accounts held at Schwab Advisor Services. Using one custodian means we have one trading platform, one set of documents, and one set of contacts. Our efficient process reduces unnecessary distractions, allowing us to stay closer to the markets and client accounts. Everything we do must pass the test of “does this help us make better investment decisions for our clients or is it an unnecessary distraction that can be eliminated?” Could we gather more assets if we used multiple custodians? Yes, but our primary objective is to manage risk for our clients, not gathering assets.
ASSISTANCE WITH TRANSFERS
Both CCM and Schwab are well-versed and experienced in custodian-to-custodian account transfers, including tax-deferred IRAs and trusts. We are happy to walk new clients through the process. In many cases, transfers can be initiated online.