Generally, is it a good idea to move my IRA account froom Fidelity to ScotTrade?

1- is there any cost associated from either side if I do move?


2- what are pros and cons?


3- I don't have time or knowledge for account management. minimum involvement.


4- I am 63 and currently working.|||Only you could answer. What is your objective in considering the move? If you have "minimum time or knowledge" you should stick to mutual funds.|||Generally a bad idea. ScotTrade effective expense ratios are higher (because compared with Fidelity they have far fewer clients). Fidelity make their profit on volume of clients, Scottrade on volume of trading, so (naturally) they will try to encourage more "activity" in your account which is not the way to preserve assets at age 63!





Scottrade would be more suited to someone who wants maximum involvement and very active movement of assets, since their "per-trade" fees are modest.