Key insights
- An individual inherited an Edward Jones account and is concerned about potential fees associated with transferring the assets to Fidelity. The account primarily holds mutual funds. While the post highlights concerns about Edward Jones' fees, the overall impact on the US market is minimal, primarily affecting individual investment decisions.
My mother passed earlier this year. My sibling and I inherited, among other things, a 50/50 split of her account at EJ. I took a look last week and it’s all mutual funds. This appears to be a brokerage account. I have a call scheduled with an advisor to understand the account. I’ve read stories on various subreddits about how horrible EJs fees are but I also don’t want to make any sudden decisions in the midst of grief. If I do decide to do something with these funds, what kind of fees might I face in transferring them to my Fidelity account (either with EJ, Fidelity, or at tax.