Morgan Stanley buying Etrade

[JBME]

I know etrade is a favorite of those who want a great i401k due to access to good funds, low costs, ease of use, rollover ability, and I think setting it up to do the megabackdoor Roth. So I heard this morning that JP Morgan Chase is buying Etrade. Anyone worried about the implications of this hurting the great features associated with etrade's i401k?

[Tim]

Morgan Stanley. Not Chase.
https://www.cnbc.com/2020/02/20/morg...3-billion.html
MS has been migrating towards consumers for quite awhile. Brokerages seem to have been migrating towards consumer banking services too.
Much cheaper to acquire than build in many cases. Wouldn’t sweat it.

[JBME]

oops-I heard it on the radio so I misheard. Either way, the concern still maybe applies? but your point is taken

[ITEngineer]

I've gone from....
Sharebuilder to
ING to
CaptialOne to
E*TRADE to (now)
Morgan Stanley.....
without ever raising a finger......I feel like I should have gotten some rollover money.
For the record, CapitalOne was the best by far (ING a close second)

[Tim]

I've gone from....
Sharebuilder to
ING to
CaptialOne to
E*TRADE to (now)
Morgan Stanley.....
without ever raising a finger......I feel like I should have gotten some rollover money.
For the record, CapitalOne was the best by far (ING a close second)

Black Rock, Fidelity and Vanguard all would welcome you with open arms. Voice commands work on phones.

[runfast00]

I have all my brokerage and retirement assets with Vanguard EXCEPT my side gig 1099 i401k that I placed in E*TRADE because they accepted incoming roll-overs.

I am worried about the E*TRADE transaction as I don’t trust Morgan Stanley like I trust vanguard.

I plan to repatriate my assets from E*TRADE to Vanguard as soon as they change their roll over acceptance policy (Does anyone know when this is?)

@WhiteCoatInvestor had an E*TRADE account at one time - what do you think?

[runfast00]

[runfast00]

Apparently I failed at linking the article

[Peds]

moved because already thread.

[jacoavlu]

prediction: it won’t matter at all