This is how Schwab's Complex Account Manager explained it to me: They do not transfer shares from club accounts to third-party accounts, such as a member's account at another brokerage. They do allow the transfer of shares from Schwab club accounts to a member's personal Schwab account. However, there are hoops to jump through. The financial officer must write a letter of authorization that includes all the particulars. Then every member must sign it and send it to Schwab. I would verify exactly whom to address the letter to and the exact address. We went through a slew of reps before landing with the Complex Account Manager. It took five months. The address is in Colorado.
Out here in California, we were told that Schwab will not transfer stock from the Schwab, the Club's Brokerage account to a partner's personal Schwab account. Most of the responses that I have received have acknowledged the same issue. There was one individual that said they've had success in the past with transfers from Schwab and I wanted to know which Schwab form they used to make the transfer. I've also seen messages that indicate that Schwab doesn't do this anymore and one of those responses was from bivio Customer Support.
Kenneth, can you be more specific about what Schwab can't do? Our Schwab broker provided a Schwab form which allows a stock transfer from one Schwab account (our investment club) to a members Schwab account. This is a Schwab to Schwab transfer. Have you tried this and been told it doesn't work or that Schwab won't let you do it?
Thanks, Jim Fernstrom, Treasurer Blue Sky Investment Club
Barbara Preneta on
We disbanded recently. Some members wanted only cash. Most of us wanted stock shares. Those who did not have accounts at Schwab were able to open accounts online in about 5-10 minutes. We then filled out the form detailing who was to get what. The shares transferred over 2-3 days with no issues. Members who had accounts with other brokers then transferred from Schwab to whatever. Done! We did not do any letter of authorization that everyone had to sign. We made the decision to disband in August and we finished it all in September.
This is how Schwab's Complex Account Manager explained it to me: They do not transfer shares from club accounts to third-party accounts, such as a member's account at another brokerage. They do allow the transfer of shares from Schwab club accounts to a member's personal Schwab account. However, there are hoops to jump through. The financial officer must write a letter of authorization that includes all the particulars. Then every member must sign it and send it to Schwab. I would verify exactly whom to address the letter to and the exact address. We went through a slew of reps before landing with the Complex Account Manager. It took five months. The address is in Colorado.
Out here in California, we were told that Schwab will not transfer stock from the Schwab, the Club's Brokerage account to a partner's personal Schwab account. Most of the responses that I have received have acknowledged the same issue. There was one individual that said they've had success in the past with transfers from Schwab and I wanted to know which Schwab form they used to make the transfer. I've also seen messages that indicate that Schwab doesn't do this anymore and one of those responses was from bivio Customer Support.
Kenneth, can you be more specific about what Schwab can't do? Our Schwab broker provided a Schwab form which allows a stock transfer from one Schwab account (our investment club) to a members Schwab account. This is a Schwab to Schwab transfer. Have you tried this and been told it doesn't work or that Schwab won't let you do it?
Thanks, Jim Fernstrom, Treasurer Blue Sky Investment Club
Prodigy.net Mail Center on
We were told the same information as Vickie in Colorado. We have a withdrawing member who also has a Schwab account and were told by our local Dallas rep that it would be no problem to transfer stock. Then we ran into the higher ups who denied the transfer. I asked for more information on why and finally got a call from a Schwab rep who wanted a detailed letter with accurate club registration information, reasons for doing this, signatures of our members plus the name of a broker where we would transfer our account. Since I suspected from bivio email chains that I was going to have to transfer our account, I told the rep that I had already set up an appointment to meet with Fidelity to open an account there. The Schwab rep agreed that was a good idea as Schwab does not want to handle investment club accounts. Yep, she did say that!
Liz
On Saturday, October 25, 2025 at 03:42:33 PM CDT, Vickie Rabourn via bivio.com <user*26711600001@bivio.com> wrote:
This is how Schwab's Complex Account Manager explained it to me: They do not transfer shares from club accounts to third-party accounts, such as a member's account at another brokerage. They do allow the transfer of shares from Schwab club accounts to a member's personal Schwab account. However, there are hoops to jump through. The financial officer must write a letter of authorization that includes all the particulars. Then every member must sign it and send it to Schwab. I would verify exactly whom to address the letter to and the exact address. We went through a slew of reps before landing with the Complex Account Manager. It took five months. The address is in Colorado.
Out here in California, we were told that Schwab will not transfer stock from the Schwab, the Club's Brokerage account to a partner's personal Schwab account. Most of the responses that I have received have acknowledged the same issue. There was one individual that said they've had success in the past with transfers from Schwab and I wanted to know which Schwab form they used to make the transfer. I've also seen messages that indicate that Schwab doesn't do this anymore and one of those responses was from bivio Customer Support.
Kenneth, can you be more specific about what Schwab can't do? Our Schwab broker provided a Schwab form which allows a stock transfer from one Schwab account (our investment club) to a members Schwab account. This is a Schwab to Schwab transfer. Have you tried this and been told it doesn't work or that Schwab won't let you do it?
Thanks, Jim Fernstrom, Treasurer Blue Sky Investment Club
Marjean Daniels on
We just finished moving our portfolio over to Fidelity from Schwab. The reps at Fidelity were very helpful walking us through the process. Because an investment club portfolio is considered to be a business account, we did have to fill out the forms and have all of our members sign with wet signatures to complete the application.
Once the account was opened, the rep can see what you see on your screen and can use his pointer to let you know where to click to then disperse to an individual member's account. We have two partners to disburse to. One is a partial withdrawal and the other is a full withdrawal. After we had our Fidelity account open, we learned that there is a required protocol whenever assets are being journaled between different brokerages that is very different than if the journaling is within the same brokerage.
Also, when Schwab transfers the portfolio over, they charge $50 to do that. Fidelity will reimburse the fee if the portfolio is $25K+. Our partial withdrawal member had set up a Schwab account when we came over from TD Ameritrade but she had only funded it with a small sum. Instead of paying Schwab $50 to transfer her account, she went ahead and opened one at Fidelity. You can open an individual Fidelity account without any funds to start.
The rep who has been assisting us and guiding us through the process can be reached at:
Marcus
Fidelity.com
800-544-5315 x73838
He is usually on calls so rarely answers directly but leave a message. Tell him that you are an investment club and that you were referred to him to assist you with transferring your Schwab account over to Fidelity. He is good to call back in a short time and if you give him some information as to what time zone that you are in and when is the best time for him to call back, he will do that.
He has been awesome to work with. I highly recommend that you ditch Schwab. Fidelity is way more responsive than Schwab has ever been.
Once our Fidelity account was set up and funded, Bivio support gave us step-by-step directions on how to reset the Bivio sync from Schwab to Fidelity.
Marjean
On Saturday, October 25, 2025 at 04:20:24 PM MDT, Prodigy.net Mail Center via bivio.com <user*28384800001@bivio.com> wrote:
We were told the same information as Vickie in Colorado. We have a withdrawing member who also has a Schwab account and were told by our local Dallas rep that it would be no problem to transfer stock. Then we ran into the higher ups who denied the transfer. I asked for more information on why and finally got a call from a Schwab rep who wanted a detailed letter with accurate club registration information, reasons for doing this, signatures of our members plus the name of a broker where we would transfer our account. Since I suspected from bivio email chains that I was going to have to transfer our account, I told the rep that I had already set up an appointment to meet with Fidelity to open an account there. The Schwab rep agreed that was a good idea as Schwab does not want to handle investment club accounts. Yep, she did say that!
Liz
On Saturday, October 25, 2025 at 03:42:33 PM CDT, Vickie Rabourn via bivio.com <user*26711600001@bivio.com> wrote:
This is how Schwab's Complex Account Manager explained it to me: They do not transfer shares from club accounts to third-party accounts, such as a member's account at another brokerage. They do allow the transfer of shares from Schwab club accounts to a member's personal Schwab account. However, there are hoops to jump through. The financial officer must write a letter of authorization that includes all the particulars. Then every member must sign it and send it to Schwab. I would verify exactly whom to address the letter to and the exact address. We went through a slew of reps before landing with the Complex Account Manager. It took five months. The address is in Colorado.
Out here in California, we were told that Schwab will not transfer stock from the Schwab, the Club's Brokerage account to a partner's personal Schwab account. Most of the responses that I have received have acknowledged the same issue. There was one individual that said they've had success in the past with transfers from Schwab and I wanted to know which Schwab form they used to make the transfer. I've also seen messages that indicate that Schwab doesn't do this anymore and one of those responses was from bivio Customer Support.
Kenneth, can you be more specific about what Schwab can't do? Our Schwab broker provided a Schwab form which allows a stock transfer from one Schwab account (our investment club) to a members Schwab account. This is a Schwab to Schwab transfer. Have you tried this and been told it doesn't work or that Schwab won't let you do it?
Thanks, Jim Fernstrom, Treasurer Blue Sky Investment Club
Cj d on
Unsubscribe me
Genuinely,
> On Sep 25, 2025, at 8:54â¯AM, Kenneth Montgomery via bivio.com <user*32056900001@bivio.com> wrote:
>
> Greetings! Just recently discovered that Schwab does not transfer stocks to an individual or partner's personal brokerage. Although our by-laws stipulate the option of stock transfers or cash, we just discovered that Schwab won't do that. In all the years we have had Schwab since it's buyout of TD Ameritrade we have done withdrawal request with cash and selling of stock. We have been in existence for over 20 years and some of the partners are considering stock transfer instead of cash which can be an advantage for clubs.
>
> At this point we are considering switching to Fidelity. Any club with Fidelity, have you had any experience or issues transferring stock to a withdrawing partner? Any comments greatly appreciated. Thanks!
KENNETH MONTGOMERY on
Schwab is inconsistent regarding stock transfers to individual Schwab brokerage accounts. They need to get on the same page, across the board.
On Saturday, October 25, 2025, 3:02 PM, Vickie Rabourn via bivio.com <user*26711600001@bivio.com> wrote:
This is how Schwab's Complex Account Manager explained it to me: They do not transfer shares from club accounts to third-party accounts, such as a member's account at another brokerage. They do allow the transfer of shares from Schwab club accounts to a member's personal Schwab account. However, there are hoops to jump through. The financial officer must write a letter of authorization that includes all the particulars. Then every member must sign it and send it to Schwab. I would verify exactly whom to address the letter to and the exact address. We went through a slew of reps before landing with the Complex Account Manager. It took five months. The address is in Colorado.
Out here in California, we were told that Schwab will not transfer stock from the Schwab, the Club's Brokerage account to a partner's personal Schwab account. Most of the responses that I have received have acknowledged the same issue. There was one individual that said they've had success in the past with transfers from Schwab and I wanted to know which Schwab form they used to make the transfer. I've also seen messages that indicate that Schwab doesn't do this anymore and one of those responses was from bivio Customer Support.
Kenneth, can you be more specific about what Schwab can't do? Our Schwab broker provided a Schwab form which allows a stock transfer from one Schwab account (our investment club) to a members Schwab account. This is a Schwab to Schwab transfer. Have you tried this and been told it doesn't work or that Schwab won't let you do it?
Thanks, Jim Fernstrom, Treasurer Blue Sky Investment Club
MARY FRAN NOVAK on
I have an appointment w my local fidelity office tmrw. They want me to bring all my "legal' forms. I'm presuming they mean our partnership agreement? They weren't really sure when i asked. Along w our tax ID. Thanks for any info
Sent from my iPhone
On Oct 25, 2025, at 9:45â¯PM, KENNETH MONTGOMERY via bivio.com <user*32056900001@bivio.com> wrote:

Schwab is inconsistent regarding stock transfers to individual Schwab brokerage accounts. They need to get on the same page, across the board.
On Saturday, October 25, 2025, 3:02 PM, Vickie Rabourn via bivio.com <user*26711600001@bivio.com> wrote:
This is how Schwab's Complex Account Manager explained it to me: They do not transfer shares from club accounts to third-party accounts, such as a member's account at another brokerage. They do allow the transfer of shares from Schwab club accounts to a member's personal Schwab account. However, there are hoops to jump through. The financial officer must write a letter of authorization that includes all the particulars. Then every member must sign it and send it to Schwab. I would verify exactly whom to address the letter to and the exact address. We went through a slew of reps before landing with the Complex Account Manager. It took five months. The address is in Colorado.
Out here in California, we were told that Schwab will not transfer stock from the Schwab, the Club's Brokerage account to a partner's personal Schwab account. Most of the responses that I have received have acknowledged the same issue. There was one individual that said they've had success in the past with transfers from Schwab and I wanted to know which Schwab form they used to make the transfer. I've also seen messages that indicate that Schwab doesn't do this anymore and one of those responses was from bivio Customer Support.
Kenneth, can you be more specific about what Schwab can't do? Our Schwab broker provided a Schwab form which allows a stock transfer from one Schwab account (our investment club) to a members Schwab account. This is a Schwab to Schwab transfer. Have you tried this and been told it doesn't work or that Schwab won't let you do it?
Thanks, Jim Fernstrom, Treasurer Blue Sky Investment Club
Marjean Daniels on
Hi,
When we applied to open an account at Fidelity, we submitted our partnership agreement and our membership agreement. You will need the club's EIN number and the exact name of the Club along with a copy of one of your recent Schwab account statements. If you go onto the Fidelity website and look for an application for a business account, it is about 15 pages, you will see the information that Fidelity needs. You can fill it in online as well.
It will ask for the detailed contact information and social security numbers for the members who will have authorization to transfer, buy or sell on behalf of the club. If you have are not sure what goes into all of the blanks, just ask the Fidelity rep.
Once the application is filled out, print out a copy and have those authorized members sign with wet signatures as well as all of the rest of your members. We had to include several extra signature pages to get all of our members signed. We tried to do the signatures via Docusign and had to resubmit the application after we learned that Fidelity needed everyone's wet signatures on the application.
All the Fidelity reps that we have interacted with have been very helpful and responsive.
Good luck!
On Tuesday, October 28, 2025 at 03:03:57 PM MDT, MARY FRAN NOVAK via bivio.com <user*7094300001@bivio.com> wrote:
I have an appointment w my local fidelity office tmrw. They want me to bring all my "legal' forms. I'm presuming they mean our partnership agreement? They weren't really sure when i asked. Along w our tax ID. Thanks for any info
Sent from my iPhone
On Oct 25, 2025, at 9:45â¯PM, KENNETH MONTGOMERY via bivio.com <user*32056900001@bivio.com> wrote:

Schwab is inconsistent regarding stock transfers to individual Schwab brokerage accounts. They need to get on the same page, across the board.
On Saturday, October 25, 2025, 3:02 PM, Vickie Rabourn via bivio.com <user*26711600001@bivio.com> wrote:
This is how Schwab's Complex Account Manager explained it to me: They do not transfer shares from club accounts to third-party accounts, such as a member's account at another brokerage. They do allow the transfer of shares from Schwab club accounts to a member's personal Schwab account. However, there are hoops to jump through. The financial officer must write a letter of authorization that includes all the particulars. Then every member must sign it and send it to Schwab. I would verify exactly whom to address the letter to and the exact address. We went through a slew of reps before landing with the Complex Account Manager. It took five months. The address is in Colorado.
Out here in California, we were told that Schwab will not transfer stock from the Schwab, the Club's Brokerage account to a partner's personal Schwab account. Most of the responses that I have received have acknowledged the same issue. There was one individual that said they've had success in the past with transfers from Schwab and I wanted to know which Schwab form they used to make the transfer. I've also seen messages that indicate that Schwab doesn't do this anymore and one of those responses was from bivio Customer Support.
Kenneth, can you be more specific about what Schwab can't do? Our Schwab broker provided a Schwab form which allows a stock transfer from one Schwab account (our investment club) to a members Schwab account. This is a Schwab to Schwab transfer. Have you tried this and been told it doesn't work or that Schwab won't let you do it?
Thanks, Jim Fernstrom, Treasurer Blue Sky Investment Club
MARY FRAN NOVAK on
Thanks for the info. I knew i would have to get all the signatures after the meeting, but tells me we're going in th right direction
Sent from my iPhone
On Oct 28, 2025, at 4:52â¯PM, Marjean Daniels via bivio.com <user*20298800001@bivio.com> wrote:

Hi,
When we applied to open an account at Fidelity, we submitted our partnership agreement and our membership agreement. You will need the club's EIN number and the exact name of the Club along with a copy of one of your recent Schwab account statements. If you go onto the Fidelity website and look for an application for a business account, it is about 15 pages, you will see the information that Fidelity needs. You can fill it in online as well.
It will ask for the detailed contact information and social security numbers for the members who will have authorization to transfer, buy or sell on behalf of the club. If you have are not sure what goes into all of the blanks, just ask the Fidelity rep.
Once the application is filled out, print out a copy and have those authorized members sign with wet signatures as well as all of the rest of your members. We had to include several extra signature pages to get all of our members signed. We tried to do the signatures via Docusign and had to resubmit the application after we learned that Fidelity needed everyone's wet signatures on the application.
All the Fidelity reps that we have interacted with have been very helpful and responsive.
Good luck!
On Tuesday, October 28, 2025 at 03:03:57 PM MDT, MARY FRAN NOVAK via bivio.com <user*7094300001@bivio.com> wrote:
I have an appointment w my local fidelity office tmrw. They want me to bring all my "legal' forms. I'm presuming they mean our partnership agreement? They weren't really sure when i asked. Along w our tax ID. Thanks for any info
Sent from my iPhone
On Oct 25, 2025, at 9:45â¯PM, KENNETH MONTGOMERY via bivio.com <user*32056900001@bivio.com> wrote:

Schwab is inconsistent regarding stock transfers to individual Schwab brokerage accounts. They need to get on the same page, across the board.
On Saturday, October 25, 2025, 3:02 PM, Vickie Rabourn via bivio.com <user*26711600001@bivio.com> wrote:
This is how Schwab's Complex Account Manager explained it to me: They do not transfer shares from club accounts to third-party accounts, such as a member's account at another brokerage. They do allow the transfer of shares from Schwab club accounts to a member's personal Schwab account. However, there are hoops to jump through. The financial officer must write a letter of authorization that includes all the particulars. Then every member must sign it and send it to Schwab. I would verify exactly whom to address the letter to and the exact address. We went through a slew of reps before landing with the Complex Account Manager. It took five months. The address is in Colorado.
Out here in California, we were told that Schwab will not transfer stock from the Schwab, the Club's Brokerage account to a partner's personal Schwab account. Most of the responses that I have received have acknowledged the same issue. There was one individual that said they've had success in the past with transfers from Schwab and I wanted to know which Schwab form they used to make the transfer. I've also seen messages that indicate that Schwab doesn't do this anymore and one of those responses was from bivio Customer Support.
Kenneth, can you be more specific about what Schwab can't do? Our Schwab broker provided a Schwab form which allows a stock transfer from one Schwab account (our investment club) to a members Schwab account. This is a Schwab to Schwab transfer. Have you tried this and been told it doesn't work or that Schwab won't let you do it?
Thanks, Jim Fernstrom, Treasurer Blue Sky Investment Club
On Tuesday, October 28, 2025, 5:31 PM, MARY FRAN NOVAK via bivio.com <user*7094300001@bivio.com> wrote:
Thanks for the info. I knew i would have to get all the signatures after the meeting, but tells me we're going in th right direction
Sent from my iPhone
On Oct 28, 2025, at 4:52â¯PM, Marjean Daniels via bivio.com <user*20298800001@bivio.com> wrote:

Hi,
When we applied to open an account at Fidelity, we submitted our partnership agreement and our membership agreement. You will need the club's EIN number and the exact name of the Club along with a copy of one of your recent Schwab account statements. If you go onto the Fidelity website and look for an application for a business account, it is about 15 pages, you will see the information that Fidelity needs. You can fill it in online as well.
It will ask for the detailed contact information and social security numbers for the members who will have authorization to transfer, buy or sell on behalf of the club. If you have are not sure what goes into all of the blanks, just ask the Fidelity rep.
Once the application is filled out, print out a copy and have those authorized members sign with wet signatures as well as all of the rest of your members. We had to include several extra signature pages to get all of our members signed. We tried to do the signatures via Docusign and had to resubmit the application after we learned that Fidelity needed everyone's wet signatures on the application.
All the Fidelity reps that we have interacted with have been very helpful and responsive.
Good luck!
On Tuesday, October 28, 2025 at 03:03:57 PM MDT, MARY FRAN NOVAK via bivio.com <user*7094300001@bivio.com> wrote:
I have an appointment w my local fidelity office tmrw. They want me to bring all my "legal' forms. I'm presuming they mean our partnership agreement? They weren't really sure when i asked. Along w our tax ID. Thanks for any info
Sent from my iPhone
On Oct 25, 2025, at 9:45â¯PM, KENNETH MONTGOMERY via bivio.com <user*32056900001@bivio.com> wrote:

Schwab is inconsistent regarding stock transfers to individual Schwab brokerage accounts. They need to get on the same page, across the board.
On Saturday, October 25, 2025, 3:02 PM, Vickie Rabourn via bivio.com <user*26711600001@bivio.com> wrote:
This is how Schwab's Complex Account Manager explained it to me: They do not transfer shares from club accounts to third-party accounts, such as a member's account at another brokerage. They do allow the transfer of shares from Schwab club accounts to a member's personal Schwab account. However, there are hoops to jump through. The financial officer must write a letter of authorization that includes all the particulars. Then every member must sign it and send it to Schwab. I would verify exactly whom to address the letter to and the exact address. We went through a slew of reps before landing with the Complex Account Manager. It took five months. The address is in Colorado.
Out here in California, we were told that Schwab will not transfer stock from the Schwab, the Club's Brokerage account to a partner's personal Schwab account. Most of the responses that I have received have acknowledged the same issue. There was one individual that said they've had success in the past with transfers from Schwab and I wanted to know which Schwab form they used to make the transfer. I've also seen messages that indicate that Schwab doesn't do this anymore and one of those responses was from bivio Customer Support.
Kenneth, can you be more specific about what Schwab can't do? Our Schwab broker provided a Schwab form which allows a stock transfer from one Schwab account (our investment club) to a members Schwab account. This is a Schwab to Schwab transfer. Have you tried this and been told it doesn't work or that Schwab won't let you do it?
Thanks, Jim Fernstrom, Treasurer Blue Sky Investment Club
Norman Gee on
I was able to send scan copies with signatures. We have out of town members who printed the signatures page, scanned it and emailed back. I then printed the scanned pages and turned them in
On Wednesday, October 29, 2025, 07:31, MARY FRAN NOVAK via bivio.com <user*7094300001@bivio.com> wrote:
Thanks for the info. I knew i would have to get all the signatures after the meeting, but tells me we're going in th right direction
Sent from my iPhone
On Oct 28, 2025, at 4:52â¯PM, Marjean Daniels via bivio.com <user*20298800001@bivio.com> wrote:

Hi,
When we applied to open an account at Fidelity, we submitted our partnership agreement and our membership agreement. You will need the club's EIN number and the exact name of the Club along with a copy of one of your recent Schwab account statements. If you go onto the Fidelity website and look for an application for a business account, it is about 15 pages, you will see the information that Fidelity needs. You can fill it in online as well.
It will ask for the detailed contact information and social security numbers for the members who will have authorization to transfer, buy or sell on behalf of the club. If you have are not sure what goes into all of the blanks, just ask the Fidelity rep.
Once the application is filled out, print out a copy and have those authorized members sign with wet signatures as well as all of the rest of your members. We had to include several extra signature pages to get all of our members signed. We tried to do the signatures via Docusign and had to resubmit the application after we learned that Fidelity needed everyone's wet signatures on the application.
All the Fidelity reps that we have interacted with have been very helpful and responsive.
Good luck!
On Tuesday, October 28, 2025 at 03:03:57 PM MDT, MARY FRAN NOVAK via bivio.com <user*7094300001@bivio.com> wrote:
I have an appointment w my local fidelity office tmrw. They want me to bring all my "legal' forms. I'm presuming they mean our partnership agreement? They weren't really sure when i asked. Along w our tax ID. Thanks for any info
Sent from my iPhone
On Oct 25, 2025, at 9:45â¯PM, KENNETH MONTGOMERY via bivio.com <user*32056900001@bivio.com> wrote:

Schwab is inconsistent regarding stock transfers to individual Schwab brokerage accounts. They need to get on the same page, across the board.
On Saturday, October 25, 2025, 3:02 PM, Vickie Rabourn via bivio.com <user*26711600001@bivio.com> wrote:
This is how Schwab's Complex Account Manager explained it to me: They do not transfer shares from club accounts to third-party accounts, such as a member's account at another brokerage. They do allow the transfer of shares from Schwab club accounts to a member's personal Schwab account. However, there are hoops to jump through. The financial officer must write a letter of authorization that includes all the particulars. Then every member must sign it and send it to Schwab. I would verify exactly whom to address the letter to and the exact address. We went through a slew of reps before landing with the Complex Account Manager. It took five months. The address is in Colorado.
Out here in California, we were told that Schwab will not transfer stock from the Schwab, the Club's Brokerage account to a partner's personal Schwab account. Most of the responses that I have received have acknowledged the same issue. There was one individual that said they've had success in the past with transfers from Schwab and I wanted to know which Schwab form they used to make the transfer. I've also seen messages that indicate that Schwab doesn't do this anymore and one of those responses was from bivio Customer Support.
Kenneth, can you be more specific about what Schwab can't do? Our Schwab broker provided a Schwab form which allows a stock transfer from one Schwab account (our investment club) to a members Schwab account. This is a Schwab to Schwab transfer. Have you tried this and been told it doesn't work or that Schwab won't let you do it?
Thanks, Jim Fernstrom, Treasurer Blue Sky Investment Club