[BK001]

I have some of our retirement 401k and 403b rollovers in Fidelity, Vanguard and Oppenheimer. To make things easier, I would like to consolidate and put all of our funds into one company.

We were told that even in the unlikely event that one of these firms went belly up we would not be hurt since we are not invested in these companies but in the underlying stocks, bonds and funds.

But I’d like other opinions, from a risk point of view, is there any reason why I should not do this?

Signed:

Gun Shy ever since “Bernie Madoff with the money”