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Club-Friendly Brokerages
Yes please.

In a message dated 2/12/2019 2:27:15 PM Central Standard Time, user*13764000001@bivio.com writes:

Carol, here is Mary Jo's response to my original question.

"TD Ameritrade. We just started our club and they were the
only brokerage firm that would open an investment club
account for us."

Did you also need a copy of my original question?

That may be true if you are doing it strictly online but not if you consider some of the others. Edward Jones has been nothing but cooperative with my club for 19 years. AS I READ ALL OF THE DCOMPALINTS O0N Bivio, I am really glad that I can call and get a real person--financial advisor or her secretary

From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Carol via bivio.com
Sent: Tuesday, February 12, 2019 5:06 PM
To: club_cafe@bivio.com
Subject: [club_cafe] Re: Club-Friendly Brokerages

Yes please.

In a message dated 2/12/2019 2:27:15 PM Central Standard Time, user*13764000001@bivio.com writes:

Carol, here is Mary Jo's response to my original question.

"TD Ameritrade. We just started our club and they were the
only brokerage firm that would open an investment club
account for us."

Did you also need a copy of my original question?

We use TD Ameritrade after it purchased Scottrade. TD Ameritrade has not presented us with any problems, either online or with a broker. We use it as a bank and as a trading entity.

For the club that uses Edward Jones: There are many reasons to use a particular brokerage firm, but I would check the commission rates and compare with TD Ameritrade. I believe one club in this discussion uses E-Trade and I would check that out also.


Peter Dunkelberger
Financial Partner
Sumner Stock Selectors Investment Club

On Wed, Feb 13, 2019 at 9:48 AM Connie Humble via bivio.com <user*27031200001@bivio.com> wrote:

That may be true if you are doing it strictly online but not if you consider some of the others. Edward Jones has been nothing but cooperative with my club for 19 years. AS I READ ALL OF THE DCOMPALINTS O0N Bivio, I am really glad that I can call and get a real person--financial advisor or her secretary

From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Carol via bivio.com
Sent: Tuesday, February 12, 2019 5:06 PM
To: club_cafe@bivio.com
Subject: [club_cafe] Re: Club-Friendly Brokerages

Yes please.

In a message dated 2/12/2019 2:27:15 PM Central Standard Time, user*13764000001@bivio.com writes:

Carol, here is Mary Jo's response to my original question.

"TD Ameritrade. We just started our club and they were the
only brokerage firm that would open an investment club
account for us."

Did you also need a copy of my original question?

  Our club uses Computershare for some of ours and when I took over as Treasurer I started using Edward Jones for new stocks we purchased.  I have had nothing but trouble with Computershare.  We have eight accounts under them, however they just started letting me go online with five of them in April.  Of course they didn't tell me till I asked in December.  The other three I still have to call for everything.  Nothing is easy.  When I took over the account we must have made five trips to the bank for Notary or Silver Medallions or Letters of Instruction.  Each different company under Computershare had a different requirement as what they could use to change the address and name on it.  Every time I asked about going on line I was told no.  I still have two accounts that I haven't been able to change from reinvested dividends to dividend checks and haven't been able to send them paperwork that will allow them to do that.  Although I have sent them a few different documents they are never good enough.  I've had problems with some of the accounts because of previous transactions before my time.  They wouldn't accept what I needed for verification so would have to do something else.  It took me months to get the stuff sent to me.  Also if I have a problem I'm on the West Coast and they are on the East Coast so if I don't get to it early I miss them.   

On the other hand, the ones we have with Edward Jones I can call and she will look up the information I need.  I can go into the office with the officers and they can change an account over.  I can talk to someone if there is a problem.  I don't have to do it by snail mail.  And we do pay more for the transactions but in the long run it is well worth it to me.

I don't see anyone mention Computershare so don't know how our Club got started with it but wouldn't recommend it to anyone.  TD Ameritrade might be good.  We just haven't used them.  

Lorna Duck


On ‎Wednesday‎, ‎February‎ ‎13‎, ‎2019‎ ‎08‎:‎48‎:‎53‎ ‎AM‎ ‎PST, Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:


We use TD Ameritrade after it purchased Scottrade.  TD Ameritrade has not presented us with any problems, either online or with a broker.  We use it as a bank and as a trading entity.

For the club that uses Edward Jones:  There are many reasons to use a particular brokerage firm, but I would check the commission rates and compare with TD Ameritrade.  I believe one club in this discussion uses E-Trade and I would check that out also.


Peter Dunkelberger
Financial Partner
Sumner Stock Selectors Investment Club

On Wed, Feb 13, 2019 at 9:48 AM Connie Humble via bivio.com <user*27031200001@bivio.com> wrote:

That may be true if you are doing it strictly online but not if you consider some of the others.  Edward Jones has been nothing but cooperative with my club for 19 years.  AS I READ ALL OF THE DCOMPALINTS O0N Bivio, I am really glad that I can call and get a real person--financial advisor or her secretary

 

From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Carol via bivio.com
Sent: Tuesday, February 12, 2019 5:06 PM
To: club_cafe@bivio.com
Subject: [club_cafe] Re: Club-Friendly Brokerages

 

Yes please.

In a message dated 2/12/2019 2:27:15 PM Central Standard Time, user*13764000001@bivio.com writes:

 

Carol, here is Mary Jo's response to my original question.

"TD Ameritrade. We just started our club and they were the
only brokerage firm that would open an investment club
account for us."

Did you also need a copy of my original question?

 

Lorna Duck: Why do you have multiple accounts with the same broker?

Peter Dunkelberger

On Wed, Feb 13, 2019 at 7:22 PM LORNA DUCK via bivio.com <user*22851200001@bivio.com> wrote:
Our club uses Computershare for some of ours and when I took over as Treasurer I started using Edward Jones for new stocks we purchased. I have had nothing but trouble with Computershare. We have eight accounts under them, however they just started letting me go online with five of them in April. Of course they didn't tell me till I asked in December. The other three I still have to call for everything. Nothing is easy. When I took over the account we must have made five trips to the bank for Notary or Silver Medallions or Letters of Instruction. Each different company under Computershare had a different requirement as what they could use to change the address and name on it. Every time I asked about going on line I was told no. I still have two accounts that I haven't been able to change from reinvested dividends to dividend checks and haven't been able to send them paperwork that will allow them to do that. Although I have sent them a few different documents they are never good enough. I've had problems with some of the accounts because of previous transactions before my time. They wouldn't accept what I needed for verification so would have to do something else. It took me months to get the stuff sent to me. Also if I have a problem I'm on the West Coast and they are on the East Coast so if I don't get to it early I miss them.

On the other hand, the ones we have with Edward Jones I can call and she will look up the information I need. I can go into the office with the officers and they can change an account over. I can talk to someone if there is a problem. I don't have to do it by snail mail. And we do pay more for the transactions but in the long run it is well worth it to me.

I don't see anyone mention Computershare so don't know how our Club got started with it but wouldn't recommend it to anyone. TD Ameritrade might be good. We just haven't used them.

Lorna Duck


On ‎Wednesday‎, ‎February‎ ‎13‎, ‎2019‎ ‎08‎:‎48‎:‎53‎ ‎AM‎ ‎PST, Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:


We use TD Ameritrade after it purchased Scottrade. TD Ameritrade has not presented us with any problems, either online or with a broker. We use it as a bank and as a trading entity.

For the club that uses Edward Jones: There are many reasons to use a particular brokerage firm, but I would check the commission rates and compare with TD Ameritrade. I believe one club in this discussion uses E-Trade and I would check that out also.


Peter Dunkelberger
Financial Partner
Sumner Stock Selectors Investment Club

On Wed, Feb 13, 2019 at 9:48 AM Connie Humble via bivio.com <user*27031200001@bivio.com> wrote:

That may be true if you are doing it strictly online but not if you consider some of the others. Edward Jones has been nothing but cooperative with my club for 19 years. AS I READ ALL OF THE DCOMPALINTS O0N Bivio, I am really glad that I can call and get a real person--financial advisor or her secretary

From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Carol via bivio.com
Sent: Tuesday, February 12, 2019 5:06 PM
To: club_cafe@bivio.com
Subject: [club_cafe] Re: Club-Friendly Brokerages

Yes please.

In a message dated 2/12/2019 2:27:15 PM Central Standard Time, user*13764000001@bivio.com writes:

Carol, here is Mary Jo's response to my original question.

"TD Ameritrade. We just started our club and they were the
only brokerage firm that would open an investment club
account for us."

Did you also need a copy of my original question?

Peter:  If I remember, Compushare does business with many companies; it provides the back office for Dividend Reinvestment Plans as they existed before brokerages began performing that service at no cost.  Each DRIP has its own rules as established by the company, its own costs, its own recordkeeping requirements and its own headaches.  

Many years ago, BI provided a service to get clubs started in DRIPs at no or low brokerage cost when brokerage transaction costs were 5 to 10 time higher than they are now.  It was a great and badly needed service for the small individual investor and small investment clubs.  I had about 15 of them myself about 30 years ago. 

IMO the best path for Ms Duck's club would be to sell their fractional shares, prepare Letters of Instruction for each account to deliver the whole shares into their brokerage.  The problem is then gone forever.  The club should assure that it has good cost basis information on the transferred shares.

Joe Farrell

On Feb 13, 2019, at 8:19 PM, Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:

Lorna Duck:  Why do you have multiple accounts with the same broker?

Peter Dunkelberger

On Wed, Feb 13, 2019 at 7:22 PM LORNA DUCK via bivio.com <user*22851200001@bivio.com> wrote:
  Our club uses Computershare for some of ours and when I took over as Treasurer I started using Edward Jones for new stocks we purchased.  I have had nothing but trouble with Computershare.  We have eight accounts under them, however they just started letting me go online with five of them in April.  Of course they didn't tell me till I asked in December.  The other three I still have to call for everything.  Nothing is easy.  When I took over the account we must have made five trips to the bank for Notary or Silver Medallions or Letters of Instruction.  Each different company under Computershare had a different requirement as what they could use to change the address and name on it.  Every time I asked about going on line I was told no.  I still have two accounts that I haven't been able to change from reinvested dividends to dividend checks and haven't been able to send them paperwork that will allow them to do that.  Although I have sent them a few different documents they are never good enough.  I've had problems with some of the accounts because of previous transactions before my time.  They wouldn't accept what I needed for verification so would have to do something else.  It took me months to get the stuff sent to me.  Also if I have a problem I'm on the West Coast and they are on the East Coast so if I don't get to it early I miss them.   

On the other hand, the ones we have with Edward Jones I can call and she will look up the information I need.  I can go into the office with the officers and they can change an account over.  I can talk to someone if there is a problem.  I don't have to do it by snail mail.  And we do pay more for the transactions but in the long run it is well worth it to me.

I don't see anyone mention Computershare so don't know how our Club got started with it but wouldn't recommend it to anyone.  TD Ameritrade might be good.  We just haven't used them.  

Lorna Duck


On ‎Wednesday‎, ‎February‎ ‎13‎, ‎2019‎ ‎08‎:‎48‎:‎53‎ ‎AM‎ ‎PST, Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:


We use TD Ameritrade after it purchased Scottrade.  TD Ameritrade has not presented us with any problems, either online or with a broker.  We use it as a bank and as a trading entity.

For the club that uses Edward Jones:  There are many reasons to use a particular brokerage firm, but I would check the commission rates and compare with TD Ameritrade.  I believe one club in this discussion uses E-Trade and I would check that out also.


Peter Dunkelberger
Financial Partner
Sumner Stock Selectors Investment Club

On Wed, Feb 13, 2019 at 9:48 AM Connie Humble via bivio.com <user*27031200001@bivio.com> wrote:

That may be true if you are doing it strictly online but not if you consider some of the others.  Edward Jones has been nothing but cooperative with my club for 19 years.  AS I READ ALL OF THE DCOMPALINTS O0N Bivio, I am really glad that I can call and get a real person--financial advisor or her secretary

 

From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Carol via bivio.com
Sent: Tuesday, February 12, 2019 5:06 PM
To: club_cafe@bivio.com
Subject: [club_cafe] Re: Club-Friendly Brokerages

 

Yes please.

In a message dated 2/12/2019 2:27:15 PM Central Standard Time, user*13764000001@bivio.com writes:

 

Carol, here is Mary Jo's response to my original question.

"TD Ameritrade. We just started our club and they were the
only brokerage firm that would open an investment club
account for us."

Did you also need a copy of my original question?

 


I would like to submit a supportive statement in regards to Bivio as well.  During the time that I served as financial partner for our partnership they have been very accessible, knowledgeable and responsive to all situations brought to them.
Thank you, Ann Merrick
Land of Enchantment Investment Partnership


From: club_cafe@bivio.com <club_cafe@bivio.com> on behalf of Connie Humble via bivio.com <user*27031200001@bivio.com>
Sent: Wednesday, February 13, 2019 7:37 AM
To: club_cafe@bivio.com
Subject: RE: [club_cafe] Re: Club-Friendly Brokerages
 

That may be true if you are doing it strictly online but not if you consider some of the others.  Edward Jones has been nothing but cooperative with my club for 19 years.  AS I READ ALL OF THE DCOMPALINTS O0N Bivio, I am really glad that I can call and get a real person--financial advisor or her secretary

 

From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Carol via bivio.com
Sent: Tuesday, February 12, 2019 5:06 PM
To: club_cafe@bivio.com
Subject: [club_cafe] Re: Club-Friendly Brokerages

 

Yes please.

In a message dated 2/12/2019 2:27:15 PM Central Standard Time, user*13764000001@bivio.com writes:

 

Carol, here is Mary Jo's response to my original question.

"TD Ameritrade. We just started our club and they were the
only brokerage firm that would open an investment club
account for us."

Did you also need a copy of my original question?

 

Agree!

Linda


On Sat, Feb 16, 2019 at 11:10 AM Ann via bivio.com <user*30574500001@bivio.com> wrote:
I would like to submit a supportive statement in regards to Bivio as well. During the time that I served as financial partner for our partnership they have been very accessible, knowledgeable and responsive to all situations brought to them.
Thank you, Ann Merrick
Land of Enchantment Investment Partnership


From: club_cafe@bivio.com <club_cafe@bivio.com> on behalf of Connie Humble via bivio.com <user*27031200001@bivio.com>
Sent: Wednesday, February 13, 2019 7:37 AM
To: club_cafe@bivio.com
Subject: RE: [club_cafe] Re: Club-Friendly Brokerages

That may be true if you are doing it strictly online but not if you consider some of the others. Edward Jones has been nothing but cooperative with my club for 19 years. AS I READ ALL OF THE DCOMPALINTS O0N Bivio, I am really glad that I can call and get a real person--financial advisor or her secretary

From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Carol via bivio.com
Sent: Tuesday, February 12, 2019 5:06 PM
To: club_cafe@bivio.com
Subject: [club_cafe] Re: Club-Friendly Brokerages

Yes please.

In a message dated 2/12/2019 2:27:15 PM Central Standard Time, user*13764000001@bivio.com writes:

Carol, here is Mary Jo's response to my original question.

"TD Ameritrade. We just started our club and they were the
only brokerage firm that would open an investment club
account for us."

Did you also need a copy of my original question?

We are very happy with BIVIO software, sevice, and fellow members.

We could not imagine having the club without BIVIO, and all the knowledge of the members and the expertise of the BIVIO support team.

Thanks BIVIO Team.

On Sat, Feb 16, 2019 at 1:10 PM Ann via bivio.com <user*30574500001@bivio.com> wrote:
I would like to submit a supportive statement in regards to Bivio as well. During the time that I served as financial partner for our partnership they have been very accessible, knowledgeable and responsive to all situations brought to them.
Thank you, Ann Merrick
Land of Enchantment Investment Partnership


From: club_cafe@bivio.com <club_cafe@bivio.com> on behalf of Connie Humble via bivio.com <user*27031200001@bivio.com>
Sent: Wednesday, February 13, 2019 7:37 AM
To: club_cafe@bivio.com
Subject: RE: [club_cafe] Re: Club-Friendly Brokerages

That may be true if you are doing it strictly online but not if you consider some of the others. Edward Jones has been nothing but cooperative with my club for 19 years. AS I READ ALL OF THE DCOMPALINTS O0N Bivio, I am really glad that I can call and get a real person--financial advisor or her secretary

From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Carol via bivio.com
Sent: Tuesday, February 12, 2019 5:06 PM
To: club_cafe@bivio.com
Subject: [club_cafe] Re: Club-Friendly Brokerages

Yes please.

In a message dated 2/12/2019 2:27:15 PM Central Standard Time, user*13764000001@bivio.com writes:

Carol, here is Mary Jo's response to my original question.

"TD Ameritrade. We just started our club and they were the
only brokerage firm that would open an investment club
account for us."

Did you also need a copy of my original question?

Ditto


On Sun, Feb 17, 2019 at 11:06 AM, Johnny S via bivio.com
<user*27215800001@bivio.com> wrote:
We are very happy with BIVIO software, sevice, and fellow members.

We could not imagine having the club without BIVIO, and all the knowledge of the members and the expertise of the BIVIO support team.

Thanks BIVIO Team.

On Sat, Feb 16, 2019 at 1:10 PM Ann via bivio.com <user*30574500001@bivio.com> wrote:
I would like to submit a supportive statement in regards to Bivio as well.  During the time that I served as financial partner for our partnership they have been very accessible, knowledgeable and responsive to all situations brought to them.
Thank you, Ann Merrick
Land of Enchantment Investment Partnership


From: club_cafe@bivio.com <club_cafe@bivio.com> on behalf of Connie Humble via bivio.com <user*27031200001@bivio.com>
Sent: Wednesday, February 13, 2019 7:37 AM
To: club_cafe@bivio.com
Subject: RE: [club_cafe] Re: Club-Friendly Brokerages
 

That may be true if you are doing it strictly online but not if you consider some of the others.  Edward Jones has been nothing but cooperative with my club for 19 years.  AS I READ ALL OF THE DCOMPALINTS O0N Bivio, I am really glad that I can call and get a real person--financial advisor or her secretary

 

From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Carol via bivio.com
Sent: Tuesday, February 12, 2019 5:06 PM
To: club_cafe@bivio.com
Subject: [club_cafe] Re: Club-Friendly Brokerages

 

Yes please.

In a message dated 2/12/2019 2:27:15 PM Central Standard Time, user*13764000001@bivio.com writes:

 

Carol, here is Mary Jo's response to my original question.

"TD Ameritrade. We just started our club and they were the
only brokerage firm that would open an investment club
account for us."

Did you also need a copy of my original question?