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Personal Investments • Checklist: Moving from VG to Fidelity

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Unfortunately Vanguard messed up all the cost basis sent to Fidelity and have to deal with this now :oops:

What Vanguard has done is sent over the lots correctly (Purchased date and Quantity) but each lot has the same cost which is the averaged cost computed (i.e. Total Cost / Quantity ). Obviously if each lot was purchased on a different date they can't have the same cost, makes no sense.

I had 4 mutual funds transfer and 1 ETF. Strangely the ETF SpecID info came in correctly.

Fidelity is telling me that this happens with Vanguard sometimes and to wait 2 weeks for the cost basis to update. If not it will be a manual process where I will have to download statements etc. and upload my entire history spanning several years. There has to be a better way than doing this. Anyway I will wait and see what happens. Anyone else experience something like this?
Op, this happened to me a couple of years back when I moved from Vanguard to Fidelity and the basis did indeed update to the correct values at some point over the next week or two - If you already haven't done it, I would give it another week or so and circle back with Fidelity if you need to. download and save your original basis from Vanguard so that you have it

Statistics: Posted by life in slices — Mon Feb 05, 2024 11:49 am — Replies 30 — Views 2743



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