Quote:
Originally Posted by DAVES
Past experience re bonds. Bearer bonds have not been issued in years. They are book entry. You are forced to have a broker hold them. "Pull everything from this brokerage," as you need a broker to hold them it may be difficult. Years ago I held TAX FREE BONDS.
The brokerage started charging me fees to hold the bonds THEY SOLD ME. The rep who sold me the bonds left and unethically contacted me to transfer my account to the firm he was setting up. Unethical because clearly he took what are supposed to be secured records at the brokerage. I already had an account at Fidelity. They helped me to transfer the bonds to them at no charge to me.
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How many years ago are u talking about? Years ago a broker didnt hold your bond or stock certicate, they were held by the Depository Trust Company. That ended years ago, u buy a bond or stock..its nothing more than an entry in yoir account.
Sorry for what the OPs mother is going thru but why are people, at this age, dealing with fly by night investment advisors. As some posters siggested..go to Fidelity, Shwab, Vanguard etc.
My guess..glib slaesman giving u a rubber chicken lunch and if its for free Villages will buy imto it