Schwab - no 3rd party checks
Our club transitioned from TD Ameritrade to Schwab. We had check writing at TD. We are told by Schwab now we cannot write 3rd party checks on our investment club account. Therefore, we cannot pay expenses with the cash in our brokerage account. Wondering how ...
11 messages
Are there investment clubs that moved to other brokers and not Schwab? I read about Schwab, but I'm making comparisons with Fidelity-Pros & Cons. Gayle Freeman Treasurer NJ Model Inv Club
3 messages
Thank You: Check to Bank vs. Direct Deposit to Brokerage Account
Much appreciation to all of you who contributed to this robust discussion about your individual club's practices.A I've learned a lot, and hope everyone else has as well.A At a glance it seemsA as if the majority of clubs who respondedA have members direct deposit ...
2 messages
Club Member Funds: Checks to a Bank vs. Direct Deposit to Brokerage Account?
Hello Fellow Investment Clubs, I'm trying to get a sense of how many clubs have their members direct deposit into the brokerage account vs. having a separate bank account member checks are deposited into.A We currently use a separate bank account and checks.A We also ...
43 messages
Information from Charles Schwab
Our club was moved from TDAmeritrade to Charles Schwab over Memorial Day. Since then no trades we have made or deposits we have made are showing up in bivio. Some I have put in myself. I changed the brokers account to Charles Schwab in bivio ...
16 messages
Problem sending mail
Is anyone else having a problem with messages not being sent?
3 messages
Death of a Member
Our group had a member pass away this week and per our PA his interest will pass on to his spouse. If the wife would like a complete withdrawal, then no problem, we will just send her cash and it will be over. However, she ...
8 messages
Club closing
Note, that the IRS might care about the 3 month deadline. And if they do, it's a substantial penalty. I had filed within 3 months, but the IRS sent a late filing notice with a large penalty. The notice says the penalty is $210/partner per ...
8 messages
Current Summary of Brokerages for Investment Club (is there one?)
Has anyone prepared a current comparison of Investment Club & Bivio friendly brokerages? I am Treasurer of two clubs currently using TDA. Neither one has been notified of the transfer date to Schwab, but I want to be ready. Especially if we decide to go ...
4 messages
Accountsync with Schwab??
How do I setup accountsync with Schwab now that the move has happened from TDAmeritrade? On May 25, 2023, at 8:21 PM, Carole Jansen via <user*> wrote:  Bivio does AccountSync with Fidelity. My club has been with Fidelity for several years now and ...
2 messages
Rule #1 spreadsheet
Hi Is there an up to date version of the Rule #1.xls file? The version on is 3.02 dated 11/12/06 and does not work (uses which is longer active). Thanks Orm
1 message
Centralized Partnership Audit Regime (CPAR)
Where in the recent 1065 federal tax returns is the person chosen to be the CPAR representative reported as the desiginated representative. I see on each K1's header sheet, a mention that our club has opted out of the CPAR but have not found anywhere ...
2 messages
Club closing
Does Bivio do this for you (for a fee) or would a tax person do this for us (for a fee) Fear of doing it wrong! We have a lot of capital gains and member are all elderly and worried about the taxes.
9 messages
Does more than one account at Schwab interfere with Bivio sync?
Our club will be migrating from TDA to Schwab in the coming weeks, and we are wondering if having a Personal Account with Schwab will intefere with our club's Bivio sync? When transitioning to a Schwab Account, I was asked to supply personal info, and ...
3 messages
New ways to research for new investments
We use BetterInvesting, Stock Central/Roster of Quality, Bivio, and various others. We are looking for some new direction and ideas for research for new investments.
7 messages