Consolidating Accounts

When you have multiple accounts, it can be difficult to comprehend how much money you have and where the assets are held. Over time, you may even lose track of some assets and possible dividends. Consolidating your assets can help you analyze your account balances and point you to your financial goals.

Consolidation makes it easier to allocate assets according to your investment strategy. Seeing your entire portfolio in one place will clarify whether you are too concentrated in any one type of investment or in one part of the markets and make it easier to adjust any imbalances. It can also reduce unnecessary risk and better align your assets with your financial objectives.

Consolidating accounts may also allow you to save money. Having fewer accounts often means paying fewer fees. Also, you may be eligible for a reduced fee by having larger balances in one place,

Determining which accounts to consolidate and handling retirement plan distributions can be complex. It requires careful thought and knowledgeable advice from your tax, financial, and legal advisors. We can help you evaluate your situation and determine if consolidation is the right move for you.

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