Merging Sharebuilder Accounts

Previous my wife and opened multiple Sharebuilder accounts to take advantage of the bonus money offered with the accounts (Sharebuilder review). While they might not be a service for everyone who is investing, taking advantage of their offer for free money was a no brainer for us.

I even transfer some stock holdings into my Sharebuilder account from the DRIP plan because there were no fees in the Sharebuilder account for dividend reinvestment.

Now between my wife and I we have at least 4 Sharebuilder accounts several of which have between $50-$100 of stock in the accounts. This has been a pain to track so I decided to look into what my options were to simplify the account maintenance.

Apparently I am not the only one interested in this. On Sharebuilder's website there is a form to merge Sharebuilder accounts. All I had to do was print the form, fill it out with the 2 Sharebuilder account numbers I want to merge and get a signature guarantee on the form from our local bank. Then I faxed the form to Sharebuilder and the accounts were merged within 4 days. Straight forward, no fees, and helps reduce the number of accounts I need track.

I am thinking I will merge all of our accounts into 1 single Sharebuilder account (maybe I will open 1 more joint account to take advantage of another bonus offer).

Related in Sharebuilder:

Just Earned My 3rd $50 Bonus (Aug 24, 2006) Last month, I wrote about the possibility of getting multiple Sharebuilder bonuses by opening multiple accounts.I was able to confirm this morning that I have now received my 3rd $50 Sharebuilder bonus by opening my 3rd account with them.This is...

Get Multiple $50 Sharebuilder Bonuses (Jul 24, 2006) I have been able to confirm that you can take advantage of multiple Sharebuilder promotion codes for the same person for more free investments.I established a Sharebuilder account last year with a free $50 bonus and have been happy with...

Transfer of Assets to Sharebuilder Complete (May 10, 2006) It turns out that my transfer request of assets to Sharebuilder from Etrade is complete. In fact Sharebuilder impressed me again by having the stocks in my Sharebuilder account within 11 days of sending my transfer request in.I'm happy to...

Comments (3)

once you "merge" the accounts, if you choose to close the account the funds are coming from do the accounts still appear in your account list? i am not really using my two individual accounts any more, but i would love to eliminate one of my accounts from my list.

Depends on how much granularity you need. Obviously for such small accounts, you might as well merge them into a single account, but once you start heavily investing with them, you will probably want to seperate again to track/control different shares.

I've been wanting to do this, thanks for the info.

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A personal finance weblog of my journey to reach my goal of $2 million + the value of my primary residence.
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