Sync on withdrawals
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Sync on withdrawals When full withdrawals with stock are entered into bivio on an account with broker sync, are the stock lot transfers automatically sent to the brokerage for execution? Or is the question of lots just covered in the withdrawal reports? We have done this before, but specific lots were not involved at that time. Dear Del, We do not ever send anything to your broker. We only download what has happened. If you wanted specific lots transferred to specific people, that is something you would have had to communicate to your broker yourself at the time you requested the transfers. In bivio, you would then have to make sure those were the lots selected when you chose stocks when filling out the withdrawal form. Hope that helps. Let me know if you have any further questions. Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe On Mon, Jul 2, 2012 at 1:28 PM, Delano Finch wrote: When full withdrawals with stock are entered into bivio on an account with broker sync, are the stock lot transfers automatically sent to the brokerage for execution? Or is the question of lots just covered in the withdrawal reports? We have done this before, but specific lots were not involved at that time. We have sent internal transfer forms to TDAmeritrade for transfer of a certain number of shares to members' accounts without regard to lots. TDA forms have no place for choosing lots. However, bivio's withdrawal reports do. We have used the default. All of the cash and stock valuations are accurate, but the bivio withdrawal reports show specific lots with varying bases. Should we wait for the transfers to be made by TDA, delete the withdrawal reports as entered? Did not see any way on the bivio entries not to specify lots. On Mon, Jul 2, 2012 at 12:42 PM, Laurie Frederiksen <laurie@bivio.biz> wrote: Dear Del, -- Del: Back where the lawn is Green Yes. To make things match up with what your broker does, you will need to find out which lots were transferred and identify them the same way in bivio. Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe On Mon, Jul 2, 2012 at 2:01 PM, Delano Finch wrote: We have sent internal transfer forms to TDAmeritrade for transfer of a certain number of shares to members' accounts without regard to lots. TDA forms have no place for choosing lots. However, bivio's withdrawal reports do. We have used the default. All of the cash and stock valuations are accurate, but the bivio withdrawal reports show specific lots with varying bases. Should we wait for the transfers to be made by TDA, delete the withdrawal reports as entered? Did not see any way on the bivio entries not to specify lots. Great personalize help as always--Thanks, Laurie. On Mon, Jul 2, 2012 at 1:07 PM, Laurie Frederiksen <laurie@bivio.biz> wrote: Yes. To make things match up with what your broker does, you will need to find out which lots were transferred and identify them the same way in bivio. -- Del: Back where the lawn is Green You are very welcome! I hope you and everyone else has a great 4th of July! Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe Thanks--TDA is processing already. Will relax over the 4th. Wish you the same. On Mon, Jul 2, 2012 at 1:15 PM, Laurie Frederiksen <laurie@bivio.biz> wrote: You are very welcome! -- Del: Back where the lawn is Green |
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