Inherited some stocks. That took a week or so after uploading a Death Certificate, and having relevant conversations verifying my identity.
One business day to open accounts and done.
Except the annuities. I am just learning….they get that intial wait period, id verification, and on top of that, 48 hours to not even start processing the claim form, which once processed, they take “15 to 20 business days” to release funds…what in the actual fuck?
How is that accepted standard practice? They already know what they need to know as far as due diligence and fiduciary duty…so they just want to sit on it for a month, ok.
Secondary query… put in trade orders to sell some of the mutual funds in the IRA on Thursday evening. They did not execute today after value update post market close. What are some reasons for that?
Edit 1: Left out a sentence. Inherited some stocks, an IRA composed of various mutual funds, and some annuities, the latter of which I opted for lump sum.
Leave a Reply