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Old 08-01-2015, 12:56 PM   #2876
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Join Date: Jul 2001
Posts: 16,680
btw those who have shares in SCB and looking for an exit
remember to always think hard between transferring and unwinding

if the cost of transferring to another brokerage house is 0.5% of the portfolio, I think still fine to take the pain.. if 1% or higher than really makes no sense (imagine 20k portfolio u pay $200-500 to transfer a few stocks)

if cost of transferring is higher than 1% it may make economical sense to liquidate your position (sell everything in SCB), then use the cash to build the same position at another house (since commission 0.275% times 2 is less than 0.6% but u also lose on the spread.. so I take it as 1%)
In any case, let's wait and see, but best is to sign up accounts with other firms, just in case.
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