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brokerages aren’t the problem, it’s the sheer number of blue chip stocks that are restricted. EY has the most stringent independence policy out of all the big accounting firms.
401k is through Fidelity.
Most brokers provide automated broker feeds these days and all with that capability can be used. Automated investments might be a challenge given independnece restriction on what we can buy
Thanks all. So assume Schwab is covered under the auto feed? (For the non-robo accounts)
Chief
401k is through Fidelity.
I had Wealthfront prior to joining and closed the account to avoid potentially being out of compliance. I'm sure there's a way to do a robo advisor but it's not worth the headache for me personally
Fidelity is the 401k servicer. Intelligent Portfolio should be fine since it’s a robo right? I use Acorns and another robo and it’s approved. If you are a stock picker I’ll say that independence is a pita.
Robo advisors are almost not doable Manager and above owing to restrictions.
You'll need to manually sell most of the auto picks, following emails from independence