Here are some common questions you might have if you are considering moving your investment accounts to us.
Q: Can I link my investment accounts to my bank account?
A: Yes, you can, and it does not matter what bank you choose to do business with or how many times you decide to change banks. A simple form is required to set up the link.
Q: Am I restricted in any way from moving my investment accounts to the broker of my choice?
A: No. As a matter of fact, just like finding the right doctor, it often takes a few tries to find the right fit for most families. The process of moving your investment account from another firm to us is again a matter of a simple form.
Q: Are there any fees associated with moving my account to Fedor Financial Group?
A: It depends. If your current firm clears through National Financial Services LLC (NFS), there is no fee because Commonwealth Financial Network® also clears through NFS and is considered an internal transfer. If your current firm does not clear through NFS, there may be a nominal fee.
Q: If I move my investment accounts to Fedor Financial Group, do I still have all of the investment choices that I have with my current brokerage firm?
A: Yes, and in some cases, we can actually offer more choices through Commonwealth Financial Network. As a matter of fact, what many people do not realize is that many large firms are restricted from offering you a truly objective array of investments due to big business internal conflicts of interest or selling arrangements that vary from one company to another. Fedor Financial Group does not have this issue and offers a true open architecture without the restrictions. Learn more about the broker/dealer we've chosen to partner with.
Q: Will I be able to view my accounts online?
A: Yes. Through a link on this website, you may access your account information. Through a single login, you will be able to view your accounts held at Fedor Financial Group as well as accounts held at other institutions through the use of Commonwealth's cutting-edge technology, Investor360º®. This will allow you to get a full net-worth picture, including bank accounts, 401(k)s, credit cards, and loans, using one easy login ID and password that you create. Through this service, you will also be able to create customized consolidated statements, which include all of the assets and liabilities that you have linked for viewing, to easily review your current financial status. This service will also provide links to the individual institutions' websites should you need to make transfers or pay bills using their home site. This is all free!
Q: Is Investor360° secure?
A: Commonwealth uses industry-standard 128-bit encryption on all websites that contain personal information, including Investor360°.
Q: If we move our accounts to Fedor Financial Group, do the costs associated with investing change from how it works at my current firm?
A: From firm to firm, there are some subtle differences on how brokerage costs are handled, however, most firms follow a fairly similar model. Fedor Financial Group is partnered with Commonwealth Financial Network, a very well-known and well-respected broker/dealer. Their policy on brokerage costs is similar to most well-known firms.
Q: Will you offer detailed reporting on investment progress?
A: Absolutely! One of our main objectives at Fedor Financial Group is that you can expect an increased level of service than what you might be used to. With that said, we have access to state-of-the-art technology that allows us to create comprehensive, accurate, and timely reports for our clients. This technology allows us to do the kind of research we need to stay ahead of the trends in the complicated world of investing. They also make it easy to generate client-friendly reports so you stay informed.