brokers
| HelpRegister |
brokers With the dissatisfaction with several Investment firms, specifically with the distribution of assets to withdrawing club members, is there a list of brokerages that are compatible and integrate with Bivio and are user friendly to partnership accounts? Fidelity has been amazing for us. Accountsync with Bivio. With the dissatisfaction with several Investment firms,
Ditto! Fidelity is fantastic! Sent from my iPhone
On Oct 17, 2025, at 1:21 PM, David Karbulka via bivio.com <user*26468500001@bivio.com> wrote:
I agree with David. We just finished moving our account over from Schwab. Once we completed the paperwork and got all the wet signatures to set up the account, Fidelity has been very responsive. It is a little more complicated to set up a new account at Fidelity because investment clubs are considered to be a business but the sync with Bivio was really easy. If you have any issues with the sync, just email support at Bivio. They will walk members thru any glitches and clarify anything that might be unclear or confusing. Marjean On Friday, October 17, 2025, 11:21 AM, David Karbulka via bivio.com <user*26468500001@bivio.com> wrote:
We are moving to Fidelity from Schwab. Started the paperwork, their legal people are asking for a specific instructions re who can actually buy/sell/stock. We are adding 2 people, in addition to myself, but how did other clubs write this? We originally had aa couple of others, but over the years, members have dropped out/passed away. We started in 1998, I don't remember having this to open account back then. Any help would be appreciated. Thanks Our Partnership Agreement referenced our ByLaws, wherein we stated the duties of each officer. The ByLaws made the Treasurer responsible for all cash and brokerage transactions and the President had that power in the absence of the Treasurer. We made them both authorized persons on our Fidelity accounts (brokerage and cash account), although it only took one of them to authorize a transaction. Hope.this helps. Carole Jansen Wise Investment Club We are moving to Fidelity from Schwab. Started the
Same with our club.
Sent from my iPhone
On Nov 11, 2025, at 6:51 PM, Carole Jansen via bivio.com <user*8441200001@bivio.com> wrote:
We just moved our account over to Fidelity from Schwab. We identified three people who were authorized on the account to have access but we had to submit wet signatures from all of the partners as well. Now that the account is over to Fidelity, we were able to did a partial distribution to one of our members. If the distribution is to an account at Fidelity, it is a simple process. I would recommend that all of your members open a Fidelity account, as it doesn't cost anything to do that, and you won't have to have all the heartburn that Schwab was creating for all of the investment club accounts.
On Tuesday, November 11, 2025 at 04:23:58 PM MST, Mary Fran Novak via bivio.com <user*7094300001@bivio.com> wrote:
We are moving to Fidelity from Schwab. Started the
paperwork, their legal people are asking for a specific instructions re who can actually buy/sell/stock. We are adding 2 people, in addition to myself, but how did other clubs write this? We originally had aa couple of others, but over the years, members have dropped out/passed away. We started in 1998, I don't remember having this to open account back then. Any help would be appreciated. Thanks That was our experience as well. Marjean Daniels Principal Broker Four Winds Realty, LLC "Where the Winds of Good Fortune Charter Your Course" 801-557-7467 (cell) 801-295-1137 (fax) 801-294-4205 (office) MarjeanD@aol.com Do you know someone who could use our assistance to buy, sell or manage real estate? If so, make the call now! Emails sent or received shall neither constitute acceptance of conducting transactions via electronic means nor shall they create a binding contract in the absence of a fully executed contract in writing.
On Tuesday, November 11, 2025 at 05:51:37 PM MST, Carole Jansen via bivio.com <user*8441200001@bivio.com> wrote:
Our Partnership Agreement referenced our ByLaws, wherein we stated the duties of each officer. The ByLaws made the Treasurer responsible for all cash and brokerage transactions and the President had that power in the absence of the Treasurer. We made them both authorized persons on our Fidelity accounts (brokerage and cash account), although it only took one of them to authorize a transaction. Hope.this helps. Carole Jansen Wise Investment Club We are moving to Fidelity from Schwab. Started the We have three "authorized" individuals (Treasurer, Assistant Treasurer and President) and all duties and responsibilities are delineated in our partnership agreement and bylaws. Leo Gonnering Pure Strategies Investment Club West Bend, WI 53095
On Tuesday, November 11, 2025 at 08:35:11 PM GMT-6, Tracy, Molly M via bivio.com <user*40992200001@bivio.com> wrote:
Same with our club.
Sent from my iPhone
On Nov 11, 2025, at 6:51 PM, Carole Jansen via bivio.com <user*8441200001@bivio.com> wrote:
We have an interesting arrangement. The Treasurer manages the bank account (collects, deposits, and moves money TO the brokerage account) but does not have brokerage access or authorization to trade. We have two "Valuation Officers" that can trade (the extra for redundancy) and via EFT can move money TO bank accounts, but neither have direct access to the bank accounts. At first, we did this just to divide out the work, but it turns out to have the added security benefit of requiring at least two people to transfer funds from the brokerage out. Jimmy Dickerson TLP Investment Club |
|
||||||