Schwab Problem treasurerss
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Schwab Problem treasurerss Club account is listed in my personal stock account and when I click on either the balance or summery tabs the total includes the club amount too. Investment clubs need a separate stand-alone account and never list or show-up in personal accounts. Gayle Freeman, treasurer NJ Model Inv Club I had two personal accounts with TDA, plus I am treasurer of the investment club also with TDA. When the transition to Schwab occurred , I was surprised that all three accounts( my 2 personal accounts plus that of the investment club) popped up under my user name and password. Your personal accounts are safe however, as there will never be a need for you to share your username and password with anyone else in the club. However, I do intend to talk with Schwab to see how to separate my personal accounts (perhaps with separate username and password). With Schwab only the designated agents of the club can get into the club account. They will not see your personal accounts because the other agents will have separate usernames and passwords . Peter Dunkelberger Club account is listed in my personal stock account and when I click on either the balance or summery tabs the total includes the club amount too. Investment clubs need a separate stand-alone account and never list or show-up in personal accounts. Same happened to me, Peter. Please let us know what you find out. Gary Henricksen, Treasurer, Keene Horizons Investment Club
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Peter Dunkelberger via bivio.com
I had two personal accounts with TDA, plus I am treasurer of the investment club also with TDA. When the transition to Schwab occurred , I was surprised that all three accounts( my 2 personal accounts plus that of the investment club) popped up under my user name and password. Your personal accounts are safe however, as there will never be a need for you to share your username and password with anyone else in the club. However, I do intend to talk with Schwab to see how to separate my personal accounts (perhaps with separate username and password). With Schwab only the designated agents of the club can get into the club account. They will not see your personal accounts because the other agents will have separate usernames and passwords .
Peter Dunkelberger
On Sat, Oct 14, 2023 at 6:59 AM Gayle Freeman via bivio.com <user*30100001@bivio.com> wrote:
Same with Fidelity, and same unconcern with me. Carole Jansen TFL, Wise Investment Club
please remove my email from your group ... thanks ... On Saturday, October 14, 2023, 06:48:45 AM PDT, Carole Jansen via bivio.com <user*8441200001@bivio.com> wrote: Same with Fidelity, and same unconcern with me. Carole Jansen TFL, Wise Investment Club On Sat, Oct 14, 2023, 6:38 AM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote: > I had two personal accounts with TDA, plus I am treasurer of the investment club also with TDA. When the transition to Schwab occurred , I was surprised that all three accounts( my 2 personal accounts plus that of the investment club) popped up under my user name and password. Your personal accounts are safe however, as there will never be a need for you to share your username and password with anyone else in the club. However, I do intend to talk with Schwab to see how to separate my personal accounts (perhaps with separate username and password). With Schwab only the designated agents of the club can get into the club account. They will not see your personal accounts because the other agents will have separate usernames and passwords . > > Peter Dunkelberger > > On Sat, Oct 14, 2023 at 6:59 AM Gayle Freeman via bivio.com <user*30100001@bivio.com> wrote: >> Club account is listed in my personal stock account and when I click on either the balance or summery tabs the total includes the club amount too. Investment clubs need a separate stand-alone account and never list or show-up in personal accounts. >> >> Gayle Freeman, treasurer >> NJ Model Inv Club >> > Your Schwab login provides access to all accounts that you have legal authority to access. Besides my personal accounts, my login provides access to accounts owned by another person for which I have power of attorney, and accounts owned by trusts for which I am a co-trustee. On the Summary page, you can click on the "Settings" symbol and elect which accounts you want included in the Summary totals. Using this feature, you can exclude the investment club assets from the Summary total for your personal accounts. You can add non-Schwab accounts as well if you want to have the Summary figures include assets held at other banks or brokerage firms. Under "Profile" you can mark accounts into groups that have a similarity. Here you could group personal accounts into a different group than the investment club account. Cheers, Jack Thank you Jack. I'll look into that. It doesn't bother me much but it would be nice to separate my personal accounts. John On Sat, Oct 14, 2023 at 8:02 AM John W Ranby Trustee PGM Cariboo Trust via bivio.com <user*15792700001@bivio.com> wrote: Your Schwab login provides access to all accounts that you
If you want to totally
remove the club account from your personal accounts page, you have
to call Schwab and they will separate it for you and help you set
up a different login for the club account. At first, I was
uncomfortable with having all accounts show up on my one login.
Now, that I understand it better, I see that it could add
convenience to see everything with one login. I think that is a
matter of personal choice. The only real problem would be that a
person could accidentally make a trade on the wrong account. So,
if you don't want to trust yourself in that scenario, definitely
call Schwab to get it separated. Genie On 10/14/2023 11:53 AM, John Rice via
bivio.com wrote:
-- Thank you, Genie Shoffey GC Labels, Inc. (816) 516-3727 |
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