Transferring Stocks/Shares with Fidelity

Kenneth Montgomery on

Greetings,

For Clubs that have Fidelity as their brokerage, have you run into any problems transferring stocks/shares to individual partners accounts. For further clarity and an example, if a partner has a personal Schwab account, are you able to transfer shares to their personal account in cases of withdrawals and part of a payout? Again, have you run into any problems with Fidelity during the process of transfers?

Thanks.

Anne Weeks on

No problems, but I did need a Fidelity representative (from the wealth management team, I think) to facilitate. Some members already had accounts, some created new accounts. All transferred easily. They did have questions for me, verifying that I was authorized to make these transactions.

Anne

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On Friday, February 13, 2026, 9:40 AM, Kenneth Montgomery via bivio.com <user*32056900001@bivio.com> wrote:

Greetings,

For Clubs that have Fidelity as their brokerage, have you run into any problems transferring stocks/shares to individual partners accounts. For further clarity and an example, if a partner has a personal Schwab account, are you able to transfer shares to their personal account in cases of withdrawals and part of a payout? Again, have you run into any problems with Fidelity during the process of transfers?

Thanks.

Anne Weeks on

In my response, I did not see that you were transferring to a Schwab account. All my transfers were into Fidelity accounts.

Anne

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On Friday, February 13, 2026, 9:40 AM, Kenneth Montgomery via bivio.com <user*32056900001@bivio.com> wrote:

Greetings,

For Clubs that have Fidelity as their brokerage, have you run into any problems transferring stocks/shares to individual partners accounts. For further clarity and an example, if a partner has a personal Schwab account, are you able to transfer shares to their personal account in cases of withdrawals and part of a payout? Again, have you run into any problems with Fidelity during the process of transfers?

Thanks.

ira smilovitz on

IIRC the withdrawing member needed to open a Fidelity account. Once the shares transferred to their Fidelity account, they could transfer them to their Schwab account and close the Fidelity account. I believe most brokers follow this procedure to guard against possible fraud. Once Fidelity vets the recipient through their new account application, the transfer between differently titled accounts occurs under Fidelity's control. The transfer out of Fidelity occurs without an ownership change.

Ira Smilovitz

On Fri, Feb 13, 2026 at 10:00 AM Anne Weeks via bivio.com <user*6029900001@bivio.com> wrote:

In my response, I did not see that you were transferring to a Schwab account. All my transfers were into Fidelity accounts.
Anne

Sent from the all new AOL app for iOS

On Friday, February 13, 2026, 9:40 AM, Kenneth Montgomery via bivio.com <user*32056900001@bivio.com> wrote:
Greetings,

For Clubs that have Fidelity as their brokerage, have you run into any problems transferring stocks/shares to individual partners accounts. For further clarity and an example, if a partner has a personal Schwab account, are you able to transfer shares to their personal account in cases of withdrawals and part of a payout? Again, have you run into any problems with Fidelity during the process of transfers?

Thanks.

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