Hey all -- wanted to get the group's perspective on how you're handling fractional shares.
Do any of you automatically reinvest dividends (DRIP) through your brokerage and therefore receive fractional shares? If so, how are you reconciling those within Bivio?
We've run into some challenges with fractional shares and received feedback that one option is to forego DRIP entirely, collect cash dividends, and make separate share purchases instead. While that may simplify the accounting, I'm a bit concerned it could limit compounding and potential capital gains by not taking advantage of automatic reinvestment at the time dividends are paid.
Curious how others are approaching this and whether you've found a clean, sustainable solution. Appreciate any thoughts or experiences you're willing to share.
I checked the other day and our Bivio account matched our Fidelity account numbers. Is the sync still now working?
Marjean Daniels
On Saturday, December 27, 2025 at 02:36:16 PM MST, Justin Schell <jschell@bivio.biz> wrote:
Thank you to the clubs that have contacted Fidelity on our behalf. They have reached out and have provided further information.
There are several data providers that may be options for us to use going forward. We are currently working on determining which option(s) would work and subsequently getting our access set up. Unfortunately, the time of year has made communication with the respective providers slow. We will continue to provide updates as we make progress.
Thank you again for your patience.
Justin Schell bivio, Inc.
Randy Purvis on
Our club doesn't participate in DRIPS. We take cash dividends. At most the cash sits idle for maybe a couple of weeks. The loss of not having the money invested for two weeks is pretty insignificant in our opinion.
Randy Purvis
D & C Investment Club
Sent from my iPhone
On Dec 29, 2025, at 10:06â¯PM, Patrique Denize via bivio.com <user*38039400001@bivio.com> wrote:

Hey all -- wanted to get the group's perspective on how you're handling fractional shares.
Do any of you automatically reinvest dividends (DRIP) through your brokerage and therefore receive fractional shares? If so, how are you reconciling those within Bivio?
We've run into some challenges with fractional shares and received feedback that one option is to forego DRIP entirely, collect cash dividends, and make separate share purchases instead. While that may simplify the accounting, I'm a bit concerned it could limit compounding and potential capital gains by not taking advantage of automatic reinvestment at the time dividends are paid.
Curious how others are approaching this and whether you've found a clean, sustainable solution. Appreciate any thoughts or experiences you're willing to share.
I checked the other day and our Bivio account matched our Fidelity account numbers. Is the sync still now working?
Marjean Daniels
On Saturday, December 27, 2025 at 02:36:16 PM MST, Justin Schell <jschell@bivio.biz> wrote:
Thank you to the clubs that have contacted Fidelity on our behalf. They have reached out and have provided further information.
There are several data providers that may be options for us to use going forward. We are currently working on determining which option(s) would work and subsequently getting our access set up. Unfortunately, the time of year has made communication with the respective providers slow. We will continue to provide updates as we make progress.
Thank you again for your patience.
Justin Schell bivio, Inc.
Sharon Holley on
When we first started we did dividend reinvesting. The fractional shares are a pain to account for. It's not worth your time and effort to bother with it. I quickly stopped the dividend reinvesting.
I would have quit being treasurer if they wanted to continue with it.
On Monday, December 29, 2025, 7:25 PM, Randy Purvis via bivio.com <user*37247600001@bivio.com> wrote:
Our club doesn't participate in DRIPS. We take cash dividends. At most the cash sits idle for maybe a couple of weeks. The loss of not having the money invested for two weeks is pretty insignificant in our opinion.
Randy Purvis
D & C Investment Club
Sent from my iPhone
On Dec 29, 2025, at 10:06â¯PM, Patrique Denize via bivio.com <user*38039400001@bivio.com> wrote:

Hey all -- wanted to get the group's perspective on how you're handling fractional shares.
Do any of you automatically reinvest dividends (DRIP) through your brokerage and therefore receive fractional shares? If so, how are you reconciling those within Bivio?
We've run into some challenges with fractional shares and received feedback that one option is to forego DRIP entirely, collect cash dividends, and make separate share purchases instead. While that may simplify the accounting, I'm a bit concerned it could limit compounding and potential capital gains by not taking advantage of automatic reinvestment at the time dividends are paid.
Curious how others are approaching this and whether you've found a clean, sustainable solution. Appreciate any thoughts or experiences you're willing to share.
I checked the other day and our Bivio account matched our Fidelity account numbers. Is the sync still now working?
Marjean Daniels
On Saturday, December 27, 2025 at 02:36:16 PM MST, Justin Schell <jschell@bivio.biz> wrote:
Thank you to the clubs that have contacted Fidelity on our behalf. They have reached out and have provided further information.
There are several data providers that may be options for us to use going forward. We are currently working on determining which option(s) would work and subsequently getting our access set up. Unfortunately, the time of year has made communication with the respective providers slow. We will continue to provide updates as we make progress.
Thank you again for your patience.
Justin Schell bivio, Inc.
Jim Fernstrom on
We have been with Schwab for over 10 years dividend reinvesting the whole time. If you are holding a valued stock such as AAPL or CSCO and you own more than a small number of shares why not dividend reinvest? The choice is at the individual stock level at Schwab so you don't have to dividend reinvest small amounts in small holdings of your portfolio. The dividends and the reinvestment transactions flow automatically into BIVIO and we have never had a difference except for wash sale mistakes on our part.
Sent from my iPhone
On Dec 29, 2025, at 11:11â¯PM, Sharon Holley via bivio.com <user*25691200001@bivio.com> wrote:

When we first started we did dividend reinvesting. The fractional shares are a pain to account for. It's not worth your time and effort to bother with it. I quickly stopped the dividend reinvesting.
I would have quit being treasurer if they wanted to continue with it.
On Monday, December 29, 2025, 7:25 PM, Randy Purvis via bivio.com <user*37247600001@bivio.com> wrote:
Our club doesn't participate in DRIPS. We take cash dividends. At most the cash sits idle for maybe a couple of weeks. The loss of not having the money invested for two weeks is pretty insignificant in our opinion.
Randy Purvis
D & C Investment Club
Sent from my iPhone
On Dec 29, 2025, at 10:06â¯PM, Patrique Denize via bivio.com <user*38039400001@bivio.com> wrote:

Hey all -- wanted to get the group's perspective on how you're handling fractional shares.
Do any of you automatically reinvest dividends (DRIP) through your brokerage and therefore receive fractional shares? If so, how are you reconciling those within Bivio?
We've run into some challenges with fractional shares and received feedback that one option is to forego DRIP entirely, collect cash dividends, and make separate share purchases instead. While that may simplify the accounting, I'm a bit concerned it could limit compounding and potential capital gains by not taking advantage of automatic reinvestment at the time dividends are paid.
Curious how others are approaching this and whether you've found a clean, sustainable solution. Appreciate any thoughts or experiences you're willing to share.
I checked the other day and our Bivio account matched our Fidelity account numbers. Is the sync still now working?
Marjean Daniels
On Saturday, December 27, 2025 at 02:36:16 PM MST, Justin Schell <jschell@bivio.biz> wrote:
Thank you to the clubs that have contacted Fidelity on our behalf. They have reached out and have provided further information.
There are several data providers that may be options for us to use going forward. We are currently working on determining which option(s) would work and subsequently getting our access set up. Unfortunately, the time of year has made communication with the respective providers slow. We will continue to provide updates as we make progress.
Thank you again for your patience.
Justin Schell bivio, Inc.
Marcus Kuhnert on
Can someone explain the issue of DRIP versus not DRIP? My club uses Fidelity fwiw and we currently reinvest dividends. Is there a problem we are not tracking with this process? Does it not automatically calculate members values based off the drip amounts/dates?
On Dec 30, 2025, at 7:26â¯AM, Jim Fernstrom via bivio.com <user*34619400001@bivio.com> wrote:
We have been with Schwab for over 10 years dividend reinvesting the whole time. If you are holding a valued stock such as AAPL or CSCO and you own more than a small number of shares why not dividend reinvest? The choice is at the individual stock level at Schwab so you don't have to dividend reinvest small amounts in small holdings of your portfolio. The dividends and the reinvestment transactions flow automatically into BIVIO and we have never had a difference except for wash sale mistakes on our part.
Sent from my iPhone
On Dec 29, 2025, at 11:11â¯PM, Sharon Holley via bivio.com <user*25691200001@bivio.com> wrote:

When we first started we did dividend reinvesting. The fractional shares are a pain to account for. It's not worth your time and effort to bother with it. I quickly stopped the dividend reinvesting.
I would have quit being treasurer if they wanted to continue with it.
On Monday, December 29, 2025, 7:25 PM, Randy Purvis via bivio.com <user*37247600001@bivio.com> wrote:
Our club doesn't participate in DRIPS. We take cash dividends. At most the cash sits idle for maybe a couple of weeks. The loss of not having the money invested for two weeks is pretty insignificant in our opinion.
Randy Purvis
D & C Investment Club
Sent from my iPhone
On Dec 29, 2025, at 10:06â¯PM, Patrique Denize via bivio.com <user*38039400001@bivio.com> wrote:

Hey all -- wanted to get the group's perspective on how you're handling fractional shares.
Do any of you automatically reinvest dividends (DRIP) through your brokerage and therefore receive fractional shares? If so, how are you reconciling those within Bivio?
We've run into some challenges with fractional shares and received feedback that one option is to forego DRIP entirely, collect cash dividends, and make separate share purchases instead. While that may simplify the accounting, I'm a bit concerned it could limit compounding and potential capital gains by not taking advantage of automatic reinvestment at the time dividends are paid.
Curious how others are approaching this and whether you've found a clean, sustainable solution. Appreciate any thoughts or experiences you're willing to share.
I checked the other day and our Bivio account matched our Fidelity account numbers. Is the sync still now working?
Marjean Daniels
On Saturday, December 27, 2025 at 02:36:16 PM MST, Justin Schell <jschell@bivio.biz> wrote:
Thank you to the clubs that have contacted Fidelity on our behalf. They have reached out and have provided further information.
There are several data providers that may be options for us to use going forward. We are currently working on determining which option(s) would work and subsequently getting our access set up. Unfortunately, the time of year has made communication with the respective providers slow. We will continue to provide updates as we make progress.
Thank you again for your patience.
Justin Schell bivio, Inc.
Bob Mann on
no issue in that regard. The issue is that the analysis and decision making aspect has been removed from the process. Rather than automate via DRIP, take as cash then make the analytical decision of where is the best place to invest the club's money.
Regards,
Bob Mann
On 12/30/2025 8:36 AM EST Marcus Kuhnert via bivio.com <user*37986400001@bivio.com> wrote:
Can someone explain the issue of DRIP versus not DRIP? My club uses Fidelity fwiw and we currently reinvest dividends. Is there a problem we are not tracking with this process? Does it not automatically calculate members values based off the drip amounts/dates?
On Dec 30, 2025, at 7:26â¯AM, Jim Fernstrom via bivio.com <user*34619400001@bivio.com> wrote:
We have been with Schwab for over 10 years dividend reinvesting the whole time. If you are holding a valued stock such as AAPL or CSCO and you own more than a small number of shares why not dividend reinvest? The choice is at the individual stock level at Schwab so you don't have to dividend reinvest small amounts in small holdings of your portfolio. The dividends and the reinvestment transactions flow automatically into BIVIO and we have never had a difference except for wash sale mistakes on our part.
Sent from my iPhone
On Dec 29, 2025, at 11:11â¯PM, Sharon Holley via bivio.com <user*25691200001@bivio.com> wrote:
When we first started we did dividend reinvesting. The fractional shares are a pain to account for. It's not worth your time and effort to bother with it. I quickly stopped the dividend reinvesting.
I would have quit being treasurer if they wanted to continue with it.
On Monday, December 29, 2025, 7:25 PM, Randy Purvis via bivio.com <user*37247600001@bivio.com> wrote:
Our club doesn't participate in DRIPS. We take cash dividends. At most the cash sits idle for maybe a couple of weeks. The loss of not having the money invested for two weeks is pretty insignificant in our opinion.
Randy Purvis
D & C Investment Club
Sent from my iPhone
On Dec 29, 2025, at 10:06â¯PM, Patrique Denize via bivio.com <user*38039400001@bivio.com> wrote:
Hey all -- wanted to get the group's perspective on how you're handling fractional shares.
Do any of you automatically reinvest dividends (DRIP) through your brokerage and therefore receive fractional shares? If so, how are you reconciling those within Bivio?
We've run into some challenges with fractional shares and received feedback that one option is to forego DRIP entirely, collect cash dividends, and make separate share purchases instead. While that may simplify the accounting, I'm a bit concerned it could limit compounding and potential capital gains by not taking advantage of automatic reinvestment at the time dividends are paid.
Curious how others are approaching this and whether you've found a clean, sustainable solution. Appreciate any thoughts or experiences you're willing to share.
I checked the other day and our Bivio account matched our Fidelity account numbers. Is the sync still now working?
Marjean Daniels
On Saturday, December 27, 2025 at 02:36:16 PM MST, Justin Schell <jschell@bivio.biz> wrote:
Thank you to the clubs that have contacted Fidelity on our behalf. They have reached out and have provided further information.
There are several data providers that may be options for us to use going forward. We are currently working on determining which option(s) would work and subsequently getting our access set up. Unfortunately, the time of year has made communication with the respective providers slow. We will continue to provide updates as we make progress.
Thank you again for your patience.
Justin Schell
bivio, Inc.
ira smilovitz on
The issue with DRIP investing comes when you sell the stock. You have many little, fractional lots that you have to reconcile before you prepare your tax return. If your records are meticulous and you only use FIFO, the task is pretty simple. If anything else, your treasurer will have a headache. We used DRIP investing for nearly 25 years until we switched from Schwab to Fidelity and I was able to convince my club's members to take the dividends in cash. It gives us more money to invest in our current "best" investment opportunity.
Can someone explain the issue of DRIP versus not DRIP? My club uses Fidelity fwiw and we currently reinvest dividends. Is there a problem we are not tracking with this process? Does it not automatically calculate members values based off the drip amounts/dates?
We have been with Schwab for over 10 years dividend reinvesting the whole time. If you are holding a valued stock such as AAPL or CSCO and you own more than a small number of shares why not dividend reinvest? The choice is at the individual stock level at Schwab so you don't have to dividend reinvest small amounts in small holdings of your portfolio. The dividends and the reinvestment transactions flow automatically into BIVIO and we have never had a difference except for wash sale mistakes on our part.

When we first started we did dividend reinvesting. The fractional shares are a pain to account for. It's not worth your time and effort to bother with it. I quickly stopped the dividend reinvesting.
I would have quit being treasurer if they wanted to continue with it.
Our club doesn't participate in DRIPS. We take cash dividends. At most the cash sits idle for maybe a couple of weeks. The loss of not having the money invested for two weeks is pretty insignificant in our opinion.
Hey all -- wanted to get the group's perspective on how you're handling fractional shares.
Do any of you automatically reinvest dividends (DRIP) through your brokerage and therefore receive fractional shares? If so, how are you reconciling those within Bivio?
We've run into some challenges with fractional shares and received feedback that one option is to forego DRIP entirely, collect cash dividends, and make separate share purchases instead. While that may simplify the accounting, I'm a bit concerned it could limit compounding and potential capital gains by not taking advantage of automatic reinvestment at the time dividends are paid.
Curious how others are approaching this and whether you've found a clean, sustainable solution. Appreciate any thoughts or experiences you're willing to share.
I checked the other day and our Bivio account matched our Fidelity account numbers. Is the sync still now working?
Marjean Daniels
On Saturday, December 27, 2025 at 02:36:16 PM MST, Justin Schell <jschell@bivio.biz> wrote:
Thank you to the clubs that have contacted Fidelity on our behalf. They have reached out and have provided further information.
There are several data providers that may be options for us to use going forward. We are currently working on determining which option(s) would work and subsequently getting our access set up. Unfortunately, the time of year has made communication with the respective providers slow. We will continue to provide updates as we make progress.
Thank you again for your patience.
Justin Schell bivio, Inc.
Steve Macdougall on
I totally agree with Ira. When our club started in 1996, DRIPS were encouraged by NAIC. We had most of our stocks in the dividend reinvestment program. However, when we went to sell them or transfer them to withdrawing members, it sometimes became a real headache. Once we eliminated the dividend reinvestments, those tasks were much easier. Also, since our club went from 25 members initially to the 6 we have now, we have more $$ to invest each month as our dividends usually are more than the membership contributions. Also, I cannot say enough about how thankful we are to be using Bivio as our accounting program. It has been a time and money saver.
Linda M.
In a message dated 12/30/2025 6:19:11 AM Pacific Standard Time, user*2883400001@bivio.com writes:
The issue with DRIP investing comes when you sell the stock. You have many little, fractional lots that you have to reconcile before you prepare your tax return. If your records are meticulous and you only use FIFO, the task is pretty simple. If anything else, your treasurer will have a headache. We used DRIP investing for nearly 25 years until we switched from Schwab to Fidelity and I was able to convince my club's members to take the dividends in cash. It gives us more money to invest in our current "best" investment opportunity.
Can someone explain the issue of DRIP versus not DRIP? My club uses Fidelity fwiw and we currently reinvest dividends. Is there a problem we are not tracking with this process? Does it not automatically calculate members values based off the drip amounts/dates?
We have been with Schwab for over 10 years dividend reinvesting the whole time. If you are holding a valued stock such as AAPL or CSCO and you own more than a small number of shares why not dividend reinvest? The choice is at the individual stock level at Schwab so you don’t have to dividend reinvest small amounts in small holdings of your portfolio. The dividends and the reinvestment transactions flow automatically into BIVIO and we have never had a difference except for wash sale mistakes on our part.
When we first started we did dividend reinvesting. The fractional shares are a pain to account for. It’s not worth your time and effort to bother with it. I quickly stopped the dividend reinvesting.
I would have quit being treasurer if they wanted to continue with it.
Our club doesn’t participate in DRIPS. We take cash dividends. At most the cash sits idle for maybe a couple of weeks. The loss of not having the money invested for two weeks is pretty insignificant in our opinion.
Hey all — wanted to get the group’s perspective on how you’re handling fractional shares.
Do any of you automatically reinvest dividends (DRIP) through your brokerage and therefore receive fractional shares? If so, how are you reconciling those within Bivio?
We’ve run into some challenges with fractional shares and received feedback that one option is to forego DRIP entirely, collect cash dividends, and make separate share purchases instead. While that may simplify the accounting, I’m a bit concerned it could limit compounding and potential capital gains by not taking advantage of automatic reinvestment at the time dividends are paid.
Curious how others are approaching this and whether you’ve found a clean, sustainable solution. Appreciate any thoughts or experiences you’re willing to share.
I checked the other day and our Bivio account matched our Fidelity account numbers. Is the sync still now working?
Marjean Daniels
On Saturday, December 27, 2025 at 02:36:16 PM MST, Justin Schell <jschell@bivio.biz> wrote:
Thank you to the clubs that have contacted Fidelity on our behalf. They have reached out and have provided further information.
There are several data providers that may be options for us to use going forward. We are currently working on determining which option(s) would work and subsequently getting our access set up. Unfortunately, the time of year has made communication with the respective providers slow. We will continue to provide updates as we make progress.
Thank you again for your patience.
Justin Schell bivio, Inc.
Bernard Worst (BWorst) on
That is the reason for taking cash, adding member contributions and buying whole shares.
From: club_cafe@bivio.com <club_cafe@bivio.com> on behalf of Steve Macdougall via bivio.com <user*28884800001@bivio.com> Sent: Tuesday, December 30, 2025 10:38:36 AM To: club_cafe@bivio.com <club_cafe@bivio.com> Subject: Re: [club_cafe] Dividend Reinvestment & Fractional Shares
I totally agree with Ira. When our club started in 1996, DRIPS were encouraged by NAIC. We had most of our stocks in the dividend reinvestment program. However, when we went to sell them
or transfer them to withdrawing members, it sometimes became a real headache. Once we eliminated the dividend reinvestments, those tasks were much easier. Also, since our club went from 25 members initially to the 6 we have now, we have more $$ to invest each
month as our dividends usually are more than the membership contributions. Also, I cannot say enough about how thankful we are to be using Bivio as our accounting program. It has been a time and money saver.
Linda M.
In a message dated 12/30/2025 6:19:11 AM Pacific Standard Time, user*2883400001@bivio.com writes:
The issue with DRIP investing comes when you sell the stock. You have many little, fractional lots that you have to reconcile before you prepare your tax return. If your records are meticulous
and you only use FIFO, the task is pretty simple. If anything else, your treasurer will have a headache. We used DRIP investing for nearly 25 years until we switched from Schwab to Fidelity and I was able to convince my club's members to take the dividends
in cash. It gives us more money to invest in our current "best" investment opportunity.
Can someone explain the issue of DRIP versus not DRIP? My club uses Fidelity fwiw and we currently reinvest dividends. Is there a problem we are not tracking with this process? Does it not automatically calculate members values based off the drip amounts/dates?
We have been with Schwab for over 10 years dividend reinvesting the whole time. If you are holding a valued stock such as AAPL or CSCO and you own more than a small number of shares why not dividend reinvest? The choice is at the individual
stock level at Schwab so you don't have to dividend reinvest small amounts in small holdings of your portfolio. The dividends and the reinvestment transactions flow automatically into BIVIO and we have never had a difference except for wash sale mistakes on
our part.
When we first started we did dividend reinvesting. The fractional shares are a pain to account for. It's not worth your time and effort to bother with it. I quickly stopped the dividend reinvesting.
I would have quit being treasurer if they wanted to continue with it.
Our club doesn't participate in DRIPS. We take cash dividends. At most the cash sits idle for maybe a couple of weeks. The loss of not having the money invested for two weeks is pretty insignificant in our opinion.
Hey all -- wanted to get the group's perspective on how you're handling fractional shares.
Do any of you automatically reinvest dividends (DRIP) through your brokerage and therefore receive fractional shares? If so, how are you reconciling those within Bivio?
We've run into some challenges with fractional shares and received feedback that one option is to forego DRIP entirely, collect cash dividends, and make separate share purchases instead. While that may simplify the accounting, I'm a bit concerned it could
limit compounding and potential capital gains by not taking advantage of automatic reinvestment at the time dividends are paid.
Curious how others are approaching this and whether you've found a clean, sustainable solution. Appreciate any thoughts or experiences you're willing to share.
I checked the other day and our Bivio account matched our Fidelity account numbers. Is the sync still now working?
Marjean Daniels
On Saturday, December 27, 2025 at 02:36:16 PM MST, Justin Schell <jschell@bivio.biz> wrote:
Thank you to the clubs that have contacted Fidelity on our behalf. They have reached out and have provided further information.
There are several data providers that may be options for us to use going forward. We are currently working on determining which option(s) would work and subsequently getting our access set up. Unfortunately, the time of year has made communication with the
respective providers slow. We will continue to provide updates as we make progress.
Thank you again for your patience.
Justin Schell
bivio, Inc.
Robert Shaw on
Regarding Bob Mann's comment.
Exactly!
On Dec 30, 2025, at 8:54â¯AM, Bob Mann via bivio.com <user*12614800001@bivio.com> wrote:
no issue in that regard. The issue is that the analysis and decision making aspect has been removed from the process. Rather than automate via DRIP, take as cash then make the analytical decision of where is the best place to invest the club's money.
Regards,
Bob Mann
On 12/30/2025 8:36 AM EST Marcus Kuhnert via bivio.com <user*37986400001@bivio.com> wrote:
Can someone explain the issue of DRIP versus not DRIP? My club uses Fidelity fwiw and we currently reinvest dividends. Is there a problem we are not tracking with this process? Does it not automatically calculate members values based off the drip amounts/dates?
On Dec 30, 2025, at 7:26â¯AM, Jim Fernstrom via bivio.com <user*34619400001@bivio.com> wrote:
We have been with Schwab for over 10 years dividend reinvesting the whole time. If you are holding a valued stock such as AAPL or CSCO and you own more than a small number of shares why not dividend reinvest? The choice is at the individual stock level at Schwab so you don't have to dividend reinvest small amounts in small holdings of your portfolio. The dividends and the reinvestment transactions flow automatically into BIVIO and we have never had a difference except for wash sale mistakes on our part.
Sent from my iPhone
On Dec 29, 2025, at 11:11â¯PM, Sharon Holley via bivio.com <user*25691200001@bivio.com> wrote:
When we first started we did dividend reinvesting. The fractional shares are a pain to account for. It's not worth your time and effort to bother with it. I quickly stopped the dividend reinvesting.
I would have quit being treasurer if they wanted to continue with it.
On Monday, December 29, 2025, 7:25 PM, Randy Purvis via bivio.com <user*37247600001@bivio.com> wrote:
Our club doesn't participate in DRIPS. We take cash dividends. At most the cash sits idle for maybe a couple of weeks. The loss of not having the money invested for two weeks is pretty insignificant in our opinion.
Randy Purvis
D & C Investment Club
Sent from my iPhone
On Dec 29, 2025, at 10:06â¯PM, Patrique Denize via bivio.com <user*38039400001@bivio.com> wrote:
Hey all -- wanted to get the group's perspective on how you're handling fractional shares.
Do any of you automatically reinvest dividends (DRIP) through your brokerage and therefore receive fractional shares? If so, how are you reconciling those within Bivio?
We've run into some challenges with fractional shares and received feedback that one option is to forego DRIP entirely, collect cash dividends, and make separate share purchases instead. While that may simplify the accounting, I'm a bit concerned it could limit compounding and potential capital gains by not taking advantage of automatic reinvestment at the time dividends are paid.
Curious how others are approaching this and whether you've found a clean, sustainable solution. Appreciate any thoughts or experiences you're willing to share.
I checked the other day and our Bivio account matched our Fidelity account numbers. Is the sync still now working?
Marjean Daniels
On Saturday, December 27, 2025 at 02:36:16 PM MST, Justin Schell <jschell@bivio.biz> wrote:
Thank you to the clubs that have contacted Fidelity on our behalf. They have reached out and have provided further information.
There are several data providers that may be options for us to use going forward. We are currently working on determining which option(s) would work and subsequently getting our access set up. Unfortunately, the time of year has made communication with the respective providers slow. We will continue to provide updates as we make progress.
Thank you again for your patience.
Justin Schell
bivio, Inc.
mary.dearing.65 on
Our club does cash dividends only, whole shares, straight stocks, fifo. No foreign, no etfs, no REITs, no mutual funds. We love our treasurer and do not do anything to complicate accounting or taxes.
We can do anything we want to maximize our personal accounts but don't feel everything is appropriate for the club.
Mary Dearing
FFG
Sent from my iPhone
On Dec 29, 2025, at 9:06â¯PM, Patrique Denize via bivio.com <user*38039400001@bivio.com> wrote:

Hey all -- wanted to get the group's perspective on how you're handling fractional shares.
Do any of you automatically reinvest dividends (DRIP) through your brokerage and therefore receive fractional shares? If so, how are you reconciling those within Bivio?
We've run into some challenges with fractional shares and received feedback that one option is to forego DRIP entirely, collect cash dividends, and make separate share purchases instead. While that may simplify the accounting, I'm a bit concerned it could limit compounding and potential capital gains by not taking advantage of automatic reinvestment at the time dividends are paid.
Curious how others are approaching this and whether you've found a clean, sustainable solution. Appreciate any thoughts or experiences you're willing to share.
I checked the other day and our Bivio account matched our Fidelity account numbers. Is the sync still now working?
Marjean Daniels
On Saturday, December 27, 2025 at 02:36:16 PM MST, Justin Schell <jschell@bivio.biz> wrote:
Thank you to the clubs that have contacted Fidelity on our behalf. They have reached out and have provided further information.
There are several data providers that may be options for us to use going forward. We are currently working on determining which option(s) would work and subsequently getting our access set up. Unfortunately, the time of year has made communication with the respective providers slow. We will continue to provide updates as we make progress.
Thank you again for your patience.
Justin Schell bivio, Inc.
Michael Boyd on
Well said Bob!
One additional perspective - fractional shares are the modern day DRIPs for adding to the treasurer's workload.
While Bivio is great at handling it, brokerages often record fractional trades as a separate transaction, adding to the workload and small lot management for the treasurer. We do try to minimize them in our club to keep it simple.
Michael Boyd Salt Pond Investment Club (long-time Fidelity, 16 members, too many fractional lots to count)
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Robert Shaw via bivio.com Sent: Tuesday, December 30, 2025 11:48 AM To: club_cafe@bivio.com Subject: Re: [club_cafe] Dividend Reinvestment & Fractional Shares
no issue in that regard. The issue is that the analysis and decision making aspect has been removed from the process. Rather than automate via DRIP, take as cash then make the analytical decision of where is the best place to invest the club's money.
Can someone explain the issue of DRIP versus not DRIP? My club uses Fidelity fwiw and we currently reinvest dividends. Is there a problem we are not tracking with this process? Does it not automatically calculate members values based off the drip amounts/dates?
We have been with Schwab for over 10 years dividend reinvesting the whole time. If you are holding a valued stock such as AAPL or CSCO and you own more than a small number of shares why not dividend reinvest? The choice is at the individual stock level at Schwab so you don't have to dividend reinvest small amounts in small holdings of your portfolio. The dividends and the reinvestment transactions flow automatically into BIVIO and we have never had a difference except for wash sale mistakes on our part.
When we first started we did dividend reinvesting. The fractional shares are a pain to account for. It's not worth your time and effort to bother with it. I quickly stopped the dividend reinvesting.
I would have quit being treasurer if they wanted to continue with it.
Our club doesn't participate in DRIPS. We take cash dividends. At most the cash sits idle for maybe a couple of weeks. The loss of not having the money invested for two weeks is pretty insignificant in our opinion.
Hey all -- wanted to get the group's perspective on how you're handling fractional shares.
Do any of you automatically reinvest dividends (DRIP) through your brokerage and therefore receive fractional shares? If so, how are you reconciling those within Bivio?
We've run into some challenges with fractional shares and received feedback that one option is to forego DRIP entirely, collect cash dividends, and make separate share purchases instead. While that may simplify the accounting, I'm a bit concerned it could limit compounding and potential capital gains by not taking advantage of automatic reinvestment at the time dividends are paid.
Curious how others are approaching this and whether you've found a clean, sustainable solution. Appreciate any thoughts or experiences you're willing to share.
I checked the other day and our Bivio account matched our Fidelity account numbers. Is the sync still now working?
Marjean Daniels
On Saturday, December 27, 2025 at 02:36:16 PM MST, Justin Schell <jschell@bivio.biz> wrote:
Thank you to the clubs that have contacted Fidelity on our behalf. They have reached out and have provided further information.
There are several data providers that may be options for us to use going forward. We are currently working on determining which option(s) would work and subsequently getting our access set up. Unfortunately, the time of year has made communication with the respective providers slow. We will continue to provide updates as we make progress.