Transferring from a Jones IRA to Oppenheimer IRA

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Nov 11, 2008 1:45 pm

Hey folks, especially those of you who have recently transferred a book from Jones-

I have a new client who is transferring his IRA account from EdJones IRA to an Oppenheimer IRA with myself as the new broker of record.  If you happen to know -

1.)  Will Jones require that the transfer form have a medallion signature guarantee?

2.)  Will Jones accept a faxed copy of the transfer form or will they require the original.

Nov 11, 2008 1:50 pm

It isn't hard to xfer from Jones. But I have never xfered from them to a mutual fund company directly. I am pretty sure you don't need a medallion signature from Jones,(Does Oppenheimer require it?)

Nov 11, 2008 1:54 pm

I look forward to getting input from someone who can take time to make the extra 5 keystrokes instead of typing 'xfer'.

Nov 11, 2008 2:40 pm
HymanRoth:

Hey folks, especially those of you who have recently transferred a book from Jones-

I have a new client who is transferring his IRA account from EdJones IRA to an Oppenheimer IRA with myself as the new broker of record.  If you happen to know -

1.)  Will Jones require that the transfer form have a medallion signature guarantee?

2.)  Will Jones accept a faxed copy of the transfer form or will they require the original.

 
Why on Earth would anyone want to xfer their acct from EDJ to u?  Isn't that a step backwards?
 
 
Nov 11, 2008 3:45 pm

Another reason to set up your IRA's direct to fund while at Jones....IF you plan to eventually go independent.  If you plan on staying you better put them in a Jones brokerage account to get the annual fee credit on your P&L.

 
Wisenheimer does not require it.  Cannot remember if Jones does.
Nov 11, 2008 4:26 pm
Spaceman Spiff:
HymanRoth:

Hey folks, especially those of you who have recently transferred a book from Jones-

I have a new client who is transferring his IRA account from EdJones IRA to an Oppenheimer IRA with myself as the new broker of record.  If you happen to know -

1.)  Will Jones require that the transfer form have a medallion signature guarantee?

2.)  Will Jones accept a faxed copy of the transfer form or will they require the original.

 
Why on Earth would anyone want to xfer their acct from EDJ to u?  Isn't that a step backwards?
 
 



u r so rite