our club wants suggestions for new broker that AccountSyncs with Bivio
Our investment club is in the final stages of voting on a
new broker that AccountSyncs with Bivio. Any pros or cons
from other clubs about the broker you use that you care to
share? (BTW, we don't need to hear about Schwab; they are
off the table because our portfolio doesn't meet their
minimum.) Thanks!
new broker that AccountSyncs with Bivio. Any pros or cons
from other clubs about the broker you use that you care to
share? (BTW, we don't need to hear about Schwab; they are
off the table because our portfolio doesn't meet their
minimum.) Thanks!
I have not worked with Fidelity but I believe they sync with Bivio and there have been a few positive reviews on this site about them.
Peter Dunkelberger
sumner stock selectors investment club.
Our investment club is in the final stages of voting on a
new broker that AccountSyncs with Bivio. Any pros or cons
from other clubs about the broker you use that you care to
share? (BTW, we don't need to hear about Schwab; they are
off the table because our portfolio doesn't meet their
minimum.) Thanks!
Peter,
Curious which broker you use.
thanks
Dan Cohn
NAMC Investment Club #3
On Fri, Nov 10, 2023 at 2:05â¯PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:
I have not worked with Fidelity but I believe they sync with Bivio and there have been a few positive reviews on this site about them.Peter Dunkelbergersumner stock selectors investment club.Our investment club is in the final stages of voting on a
new broker that AccountSyncs with Bivio. Any pros or cons
from other clubs about the broker you use that you care to
share? (BTW, we don't need to hear about Schwab; they are
off the table because our portfolio doesn't meet their
minimum.) Thanks!
Dan Cohn
404 862 5640
404 862 5640
Fidelity syncs with Bivio and also allows stock transfers to individuals. It is not easy to set up an account with them, but it is possible.
Peter,Curious which broker you use.thanksDan CohnNAMC Investment Club #3On Fri, Nov 10, 2023 at 2:05â¯PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:I have not worked with Fidelity but I believe they sync with Bivio and there have been a few positive reviews on this site about them.Peter Dunkelbergersumner stock selectors investment club.Our investment club is in the final stages of voting on a
new broker that AccountSyncs with Bivio. Any pros or cons
from other clubs about the broker you use that you care to
share? (BTW, we don't need to hear about Schwab; they are
off the table because our portfolio doesn't meet their
minimum.) Thanks!
--Dan Cohn
404 862 5640
Schwab, for right now, unfortunately.
Peter
Peter,Curious which broker you use.thanksDan CohnNAMC Investment Club #3On Fri, Nov 10, 2023 at 2:05â¯PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:I have not worked with Fidelity but I believe they sync with Bivio and there have been a few positive reviews on this site about them.Peter Dunkelbergersumner stock selectors investment club.Our investment club is in the final stages of voting on a
new broker that AccountSyncs with Bivio. Any pros or cons
from other clubs about the broker you use that you care to
share? (BTW, we don't need to hear about Schwab; they are
off the table because our portfolio doesn't meet their
minimum.) Thanks!
--Dan Cohn
404 862 5640
Myra
I am the Treasurer for Mitten Investors. Our club transitioned to Fidelity
from Folio when Folio would no longer handle investment clubs. To date, we
have not had any issues with Fidelity. It was somewhat time consuming to
set up as Fidelity required signatures from all partners and several forms.
- We have a brokerage account that includes cash
- We have only 3 partners with access as Fidelity does not have an option to
allow only viewing for remaining partners
- Some of our members transfer contributions electronically from the members
banks but not all (depends on the bank) as not all of the banks have the
option for electronic transfer.
- Fidelity has a mobile app that allows mobile deposit of members'
contributions by check
- Fidelity does accept checks sent directly to them but we have only used
once and there are specific instructions for the mailed checks
- Bivio account sinc has worked without any issues. Per a Club Café email
from a contributor (not from Bivio personnel), MyIclub indicated in a
seminar that account sinc with Fidelity would stop. I suggest that you
discuss with Bivio.
- Fidelity provided checks and we paid our few expenses, Bivio,
BetterInvesting, add'l tax service, seminar expenses, with checks drawn on
the brokerage.
- I have not found it easy to download a report of all current holdings and
basis used for the annual audit process.
- To date we have not had a partner withdraw where stock was issued as our
withdrawals have been for very small amounts. Fidelity has indicated that
if we wanted to transfer stock, the member would establish a Fidelity
account to which the stock could be transferred. Per Fidelity, no minimum
balance required. As we have not had this issue to confirm that the
information provided to me was correct, perhaps other clubs using Fidelity
could address this issue.
Margot Herkes
-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Myra Wilson via
bivio.com
Sent: Friday, November 10, 2023 1:10 PM
To: club_cafe@bivio.com
Subject: [club_cafe] our club wants suggestions for new broker that
AccountSyncs with Bivio
Our investment club is in the final stages of voting on a new broker that
AccountSyncs with Bivio. Any pros or cons from other clubs about the broker
you use that you care to share? (BTW, we don't need to hear about Schwab;
they are off the table because our portfolio doesn't meet their
minimum.) Thanks!
I am the Treasurer for Mitten Investors. Our club transitioned to Fidelity
from Folio when Folio would no longer handle investment clubs. To date, we
have not had any issues with Fidelity. It was somewhat time consuming to
set up as Fidelity required signatures from all partners and several forms.
- We have a brokerage account that includes cash
- We have only 3 partners with access as Fidelity does not have an option to
allow only viewing for remaining partners
- Some of our members transfer contributions electronically from the members
banks but not all (depends on the bank) as not all of the banks have the
option for electronic transfer.
- Fidelity has a mobile app that allows mobile deposit of members'
contributions by check
- Fidelity does accept checks sent directly to them but we have only used
once and there are specific instructions for the mailed checks
- Bivio account sinc has worked without any issues. Per a Club Café email
from a contributor (not from Bivio personnel), MyIclub indicated in a
seminar that account sinc with Fidelity would stop. I suggest that you
discuss with Bivio.
- Fidelity provided checks and we paid our few expenses, Bivio,
BetterInvesting, add'l tax service, seminar expenses, with checks drawn on
the brokerage.
- I have not found it easy to download a report of all current holdings and
basis used for the annual audit process.
- To date we have not had a partner withdraw where stock was issued as our
withdrawals have been for very small amounts. Fidelity has indicated that
if we wanted to transfer stock, the member would establish a Fidelity
account to which the stock could be transferred. Per Fidelity, no minimum
balance required. As we have not had this issue to confirm that the
information provided to me was correct, perhaps other clubs using Fidelity
could address this issue.
Margot Herkes
-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Myra Wilson via
bivio.com
Sent: Friday, November 10, 2023 1:10 PM
To: club_cafe@bivio.com
Subject: [club_cafe] our club wants suggestions for new broker that
AccountSyncs with Bivio
Our investment club is in the final stages of voting on a new broker that
AccountSyncs with Bivio. Any pros or cons from other clubs about the broker
you use that you care to share? (BTW, we don't need to hear about Schwab;
they are off the table because our portfolio doesn't meet their
minimum.) Thanks!
Interesting re MyIclub and Fidelity about synching. MyIclub does not sync with any broker automatically, or at least that is what they told me. Perhaps they were talking about synching with other club accounting companies, like Bivio?
Peter Dunkelberger
Myra
I am the Treasurer for Mitten Investors. Our club transitioned to Fidelity
from Folio when Folio would no longer handle investment clubs. To date, we
have not had any issues with Fidelity. It was somewhat time consuming to
set up as Fidelity required signatures from all partners and several forms.
- We have a brokerage account that includes cash
- We have only 3 partners with access as Fidelity does not have an option to
allow only viewing for remaining partners
- Some of our members transfer contributions electronically from the members
banks but not all (depends on the bank) as not all of the banks have the
option for electronic transfer.
- Fidelity has a mobile app that allows mobile deposit of members'
contributions by check
- Fidelity does accept checks sent directly to them but we have only used
once and there are specific instructions for the mailed checks
- Bivio account sinc has worked without any issues. Per a Club Cafe email
from a contributor (not from Bivio personnel), MyIclub indicated in a
seminar that account sinc with Fidelity would stop. I suggest that you
discuss with Bivio.
- Fidelity provided checks and we paid our few expenses, Bivio,
BetterInvesting, add'l tax service, seminar expenses, with checks drawn on
the brokerage.
- I have not found it easy to download a report of all current holdings and
basis used for the annual audit process.
- To date we have not had a partner withdraw where stock was issued as our
withdrawals have been for very small amounts. Fidelity has indicated that
if we wanted to transfer stock, the member would establish a Fidelity
account to which the stock could be transferred. Per Fidelity, no minimum
balance required. As we have not had this issue to confirm that the
information provided to me was correct, perhaps other clubs using Fidelity
could address this issue.
Margot Herkes
-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Myra Wilson via
bivio.com
Sent: Friday, November 10, 2023 1:10 PM
To: club_cafe@bivio.com
Subject: [club_cafe] our club wants suggestions for new broker that
AccountSyncs with Bivio
Our investment club is in the final stages of voting on a new broker that
AccountSyncs with Bivio. Any pros or cons from other clubs about the broker
you use that you care to share? (BTW, we don't need to hear about Schwab;
they are off the table because our portfolio doesn't meet their
minimum.) Thanks!
TD Ameritrade required everything but your first born to sign up. We had to send our partnership agreement with signatures and choose "authorized agents" and lots and lots of paperwork. And that was to transfer from Scottrade.
Peter Dunkelberger
Fidelity syncs with Bivio and also allows stock transfers to individuals. It is not easy to set up an account with them, but it is possible.Peter,Curious which broker you use.thanksDan CohnNAMC Investment Club #3On Fri, Nov 10, 2023 at 2:05â¯PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:I have not worked with Fidelity but I believe they sync with Bivio and there have been a few positive reviews on this site about them.Peter Dunkelbergersumner stock selectors investment club.Our investment club is in the final stages of voting on a
new broker that AccountSyncs with Bivio. Any pros or cons
from other clubs about the broker you use that you care to
share? (BTW, we don't need to hear about Schwab; they are
off the table because our portfolio doesn't meet their
minimum.) Thanks!
--Dan Cohn
404 862 5640
Schwab is working ok for our club.
One has to be persistent and check with a few representatives because you get different answers depending upon whom you talk to.
We got checks to use if we have to pay a member or anyone else. We have also transferred club stocks to a member as a partial withdrawal.
We transitioned from TD Ameritrade to Schwab this past June.
So far our Schwab club account syncs with Bivio.
Michael
Assistant Treasurer
The Bear Trap Investment Club
Sent from my iPhone
On Nov 10, 2023, at 2:34 PM, Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:
Schwab, for right now, unfortunately.
Peter
Peter,Curious which broker you use.thanksDan CohnNAMC Investment Club #3
On Fri, Nov 10, 2023 at 2:05 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:
I have not worked with Fidelity but I believe they sync with Bivio and there have been a few positive reviews on this site about them.
Peter Dunkelbergersumner stock selectors investment club.
Our investment club is in the final stages of voting on a
new broker that AccountSyncs with Bivio. Any pros or cons
from other clubs about the broker you use that you care to
share? (BTW, we don't need to hear about Schwab; they are
off the table because our portfolio doesn't meet their
minimum.) Thanks!
--
Dan Cohn
404 862 5640
Ditto for us. Very pleased with the transition and performance of their App and website. AccountSyncs worked well.
Bernie Worst
Partners For Profit
Somerset, NJ
From: club_cafe@bivio.com <club_cafe@bivio.com> on behalf of Michael Wainer via bivio.com <user*35350100001@bivio.com>
Sent: Friday, November 10, 2023 3:16 PM
To: club_cafe@bivio.com <club_cafe@bivio.com>
Subject: Re: [club_cafe] our club wants suggestions for new broker that AccountSyncs with Bivio
Schwab is working ok for our club.
Sent: Friday, November 10, 2023 3:16 PM
To: club_cafe@bivio.com <club_cafe@bivio.com>
Subject: Re: [club_cafe] our club wants suggestions for new broker that AccountSyncs with Bivio
One has to be persistent and check with a few representatives because you get different answers depending upon whom you talk to.
We got checks to use if we have to pay a member or anyone else. We have also transferred club stocks to a member as a partial withdrawal.
We transitioned from TD Ameritrade to Schwab this past June.
So far our Schwab club account syncs with Bivio.
Michael
Assistant Treasurer
The Bear Trap Investment Club
Sent from my iPhone
On Nov 10, 2023, at 2:34 PM, Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:
Schwab, for right now, unfortunately.
Peter
Peter,Curious which broker you use.thanksDan CohnNAMC Investment Club #3
On Fri, Nov 10, 2023 at 2:05 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:
I have not worked with Fidelity but I believe they sync with Bivio and there have been a few positive reviews on this site about them.
Peter Dunkelbergersumner stock selectors investment club.
Our investment club is in the final stages of voting on a
new broker that AccountSyncs with Bivio. Any pros or cons
from other clubs about the broker you use that you care to
share? (BTW, we don't need to hear about Schwab; they are
off the table because our portfolio doesn't meet their
minimum.) Thanks!
--
Dan Cohn
404 862 5640
We are with Fidelity - works well.
Portfolio ~55k
> On Nov 10, 2023, at 1:10â¯PM, Myra Wilson via bivio.com <user*20068600001@bivio.com> wrote:
>
> Our investment club is in the final stages of voting on a
> new broker that AccountSyncs with Bivio. Any pros or cons
> from other clubs about the broker you use that you care to
> share? (BTW, we don't need to hear about Schwab; they are
> off the table because our portfolio doesn't meet their
> minimum.) Thanks!
Portfolio ~55k
> On Nov 10, 2023, at 1:10â¯PM, Myra Wilson via bivio.com <user*20068600001@bivio.com> wrote:
>
> Our investment club is in the final stages of voting on a
> new broker that AccountSyncs with Bivio. Any pros or cons
> from other clubs about the broker you use that you care to
> share? (BTW, we don't need to hear about Schwab; they are
> off the table because our portfolio doesn't meet their
> minimum.) Thanks!
Our club as well is with Fidelity and no problems.
Kim Potter
BI Brighton
Hi Bob Shaw!!
On Friday, November 10, 2023 at 04:02:43 PM EST, Robert Shaw via bivio.com <user*27509400001@bivio.com> wrote:
We are with Fidelity - works well.
Portfolio ~55k
> On Nov 10, 2023, at 1:10 PM, Myra Wilson via bivio.com <user*20068600001@bivio.com> wrote:
>
> Our investment club is in the final stages of voting on a
> new broker that AccountSyncs with Bivio. Any pros or cons
> from other clubs about the broker you use that you care to
> share? (BTW, we don't need to hear about Schwab; they are
> off the table because our portfolio doesn't meet their
> minimum.) Thanks!
Portfolio ~55k
> On Nov 10, 2023, at 1:10 PM, Myra Wilson via bivio.com <user*20068600001@bivio.com> wrote:
>
> Our investment club is in the final stages of voting on a
> new broker that AccountSyncs with Bivio. Any pros or cons
> from other clubs about the broker you use that you care to
> share? (BTW, we don't need to hear about Schwab; they are
> off the table because our portfolio doesn't meet their
> minimum.) Thanks!
Hi Kim!!!
On Nov 10, 2023, at 4:04 PM, Mike & Kim Potter via bivio.com <user*22890200001@bivio.com> wrote:Our club as well is with Fidelity and no problems.Kim PotterBI BrightonHi Bob Shaw!!On Friday, November 10, 2023 at 04:02:43 PM EST, Robert Shaw via bivio.com <user*27509400001@bivio.com> wrote:We are with Fidelity - works well.
Portfolio ~55k
> On Nov 10, 2023, at 1:10 PM, Myra Wilson via bivio.com <user*20068600001@bivio.com> wrote:
>
> Our investment club is in the final stages of voting on a
> new broker that AccountSyncs with Bivio. Any pros or cons
> from other clubs about the broker you use that you care to
> share? (BTW, we don't need to hear about Schwab; they are
> off the table because our portfolio doesn't meet their
> minimum.) Thanks!
We also transitioned from Folio to Fidelity, with one month notice from Folio at the end of the year (grrr) and during COVID. Yes, we had to get all 8 partners signatures on some forms, but even during COVID, it wasn't that bad. We got it done by year end. No complaints, but I also have had a personal brokerage account at Fidelity for many years and was familiar with them.
I use their mobile app to deposit partner check contributions, and we can write checks on the cash portion of our brokerage account. All of that is for no charge.
As our partnership has been established for many years and is smaller now, we don't change officers except for the secretary, so that probably eliminates whatever paperwork Fidelity might want with a change of officers.
Haven't tried to transfer stocks yet, but don't foresee any issues there as long as it is to another Fidelity account.
Fidelity syncs just fine with Bivio, and I have never heard that that will be ending.
Carole Jansen
TFL, Wise Investment Club
We are with Fidelity - works well.
Portfolio ~55k
> On Nov 10, 2023, at 1:10â¯PM, Myra Wilson via bivio.com <user*20068600001@bivio.com> wrote:
>
> Our investment club is in the final stages of voting on a
> new broker that AccountSyncs with Bivio. Any pros or cons
> from other clubs about the broker you use that you care to
> share? (BTW, we don't need to hear about Schwab; they are
> off the table because our portfolio doesn't meet their
> minimum.) Thanks!
Margot,
You can grant view only access on Fidelity directly via their web site. They
call it Inquiry Access. See the details here:
https://www.fidelity.com/customer-service/account-access-rights-overview
You do need to enter the member's name and SSN and they need to have an
existing Fidelity Account.
We report out current cost and market values using the Positions tab for the
Investment Club account. The default print button (we print as a PDF) works
for us. There is also a download button we use to pull into our master excel
reporting worksheet.
- Michael Boyd, Salt Pond Investments
-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Margot Herkes
via bivio.com
Sent: Friday, November 10, 2023 2:38 PM
To: club_cafe@bivio.com
Subject: RE: [club_cafe] our club wants suggestions for new broker that
AccountSyncs with Bivio
Myra
I am the Treasurer for Mitten Investors. Our club transitioned to Fidelity
from Folio when Folio would no longer handle investment clubs. To date, we
have not had any issues with Fidelity. It was somewhat time consuming to
set up as Fidelity required signatures from all partners and several forms.
- We have a brokerage account that includes cash
- We have only 3 partners with access as Fidelity does not have an option to
allow only viewing for remaining partners
- Some of our members transfer contributions electronically from the members
banks but not all (depends on the bank) as not all of the banks have the
option for electronic transfer.
- Fidelity has a mobile app that allows mobile deposit of members'
contributions by check
- Fidelity does accept checks sent directly to them but we have only used
once and there are specific instructions for the mailed checks
- Bivio account sinc has worked without any issues. Per a Club Café email
from a contributor (not from Bivio personnel), MyIclub indicated in a
seminar that account sinc with Fidelity would stop. I suggest that you
discuss with Bivio.
- Fidelity provided checks and we paid our few expenses, Bivio,
BetterInvesting, add'l tax service, seminar expenses, with checks drawn on
the brokerage.
- I have not found it easy to download a report of all current holdings and
basis used for the annual audit process.
- To date we have not had a partner withdraw where stock was issued as our
withdrawals have been for very small amounts. Fidelity has indicated that
if we wanted to transfer stock, the member would establish a Fidelity
account to which the stock could be transferred. Per Fidelity, no minimum
balance required. As we have not had this issue to confirm that the
information provided to me was correct, perhaps other clubs using Fidelity
could address this issue.
Margot Herkes
-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Myra Wilson via
bivio.com
Sent: Friday, November 10, 2023 1:10 PM
To: club_cafe@bivio.com
Subject: [club_cafe] our club wants suggestions for new broker that
AccountSyncs with Bivio
Our investment club is in the final stages of voting on a new broker that
AccountSyncs with Bivio. Any pros or cons from other clubs about the broker
you use that you care to share? (BTW, we don't need to hear about Schwab;
they are off the table because our portfolio doesn't meet their
minimum.) Thanks!
You can grant view only access on Fidelity directly via their web site. They
call it Inquiry Access. See the details here:
https://www.fidelity.com/customer-service/account-access-rights-overview
You do need to enter the member's name and SSN and they need to have an
existing Fidelity Account.
We report out current cost and market values using the Positions tab for the
Investment Club account. The default print button (we print as a PDF) works
for us. There is also a download button we use to pull into our master excel
reporting worksheet.
- Michael Boyd, Salt Pond Investments
-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Margot Herkes
via bivio.com
Sent: Friday, November 10, 2023 2:38 PM
To: club_cafe@bivio.com
Subject: RE: [club_cafe] our club wants suggestions for new broker that
AccountSyncs with Bivio
Myra
I am the Treasurer for Mitten Investors. Our club transitioned to Fidelity
from Folio when Folio would no longer handle investment clubs. To date, we
have not had any issues with Fidelity. It was somewhat time consuming to
set up as Fidelity required signatures from all partners and several forms.
- We have a brokerage account that includes cash
- We have only 3 partners with access as Fidelity does not have an option to
allow only viewing for remaining partners
- Some of our members transfer contributions electronically from the members
banks but not all (depends on the bank) as not all of the banks have the
option for electronic transfer.
- Fidelity has a mobile app that allows mobile deposit of members'
contributions by check
- Fidelity does accept checks sent directly to them but we have only used
once and there are specific instructions for the mailed checks
- Bivio account sinc has worked without any issues. Per a Club Café email
from a contributor (not from Bivio personnel), MyIclub indicated in a
seminar that account sinc with Fidelity would stop. I suggest that you
discuss with Bivio.
- Fidelity provided checks and we paid our few expenses, Bivio,
BetterInvesting, add'l tax service, seminar expenses, with checks drawn on
the brokerage.
- I have not found it easy to download a report of all current holdings and
basis used for the annual audit process.
- To date we have not had a partner withdraw where stock was issued as our
withdrawals have been for very small amounts. Fidelity has indicated that
if we wanted to transfer stock, the member would establish a Fidelity
account to which the stock could be transferred. Per Fidelity, no minimum
balance required. As we have not had this issue to confirm that the
information provided to me was correct, perhaps other clubs using Fidelity
could address this issue.
Margot Herkes
-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Myra Wilson via
bivio.com
Sent: Friday, November 10, 2023 1:10 PM
To: club_cafe@bivio.com
Subject: [club_cafe] our club wants suggestions for new broker that
AccountSyncs with Bivio
Our investment club is in the final stages of voting on a new broker that
AccountSyncs with Bivio. Any pros or cons from other clubs about the broker
you use that you care to share? (BTW, we don't need to hear about Schwab;
they are off the table because our portfolio doesn't meet their
minimum.) Thanks!