I feel, i have too many accounts, and would like to consolidate. Can someone, having experience trading with these brokerages, help with the pros and cons ? Fidelity - 401(k) only - $300k Schwab - RSUs only - $70k Vanguard - After Tax Funds, ETFs, IRA, 529 - $200k Robinhood - After Tax stocks - $120k Treasury - Tbills, iBonds- $50k I only actively traded with Robinhood and kept Vanguard for funds. Not an active trader any more. No more RSUs flowing in to Schwab, lost the job. Also, planning to move to the one that allows trading from outside USA, or at least is friendly with outside US requests (Vanguard would be the least friendly , i guess)
Fidelity is the best among your options.
If you're only going to keep one... You have a 401k at fidelity and you'll likely end up with more there. I've had 401k's at fidelity from... let's see... at least 3 employers. Maybe more. There's no point closing a fidelity account, some other job will just make you reopen it. Schwab would be easy to drop, you can easily transfer those RSUs to fidelity. You don't even really need to close the account. I buy treasuries on fidelity. If you have ibonds though, I think those are only on treasury direct or whatever it's called. I don't think you can close that account? If you don't plan to trade actively, you can close the robinhood account and transfer the assets to a fidelity brokerage account. The IRA and 529 might be hard to move out of vanguard. Often times 529 plans are state specific too, there was only one tax-efficient provider of 529 plans in my state so I didn't really have a choice.
Thanks
I always liked thinkorswim from tdameritrade but thats gone i guess. I would not stick around beyond RSUs on Schwab because they are a broken mirror away from going bankrupt. Robinhood is corrupt AF, so that leaves fidelity and vanguard. You can convert your fidelity 401k to a brokeragelink account and do normal trading in it tax free btw
Schwab is the best with their checking account, debit card, atm forex etc..
as was stated above, most jobs use fidelity. i have all of my accounts, including HSA at fidelity. you won’t be a robinhood UI, but it’s the best brokerage out there
I exactly did what you wanted to do - moved to fidelity
So merge them into your favorite brokerage? And shut down rh (if they let you anyway).