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A comment on UBS Acquires Wealthfront for $1.4B. Parent comment

Re:UBS Acquires Wealthfront for $1.4B by sharx on Wednesday January 26, 2022 @04:22PM (#30092080)
I've heard that when you leave direct indexing you end up with all the individual stocks in your new portfolio, or you have to sell them and eat the capital gains tax. Was that your experience?
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Re:UBS Acquires Wealthfront for $1.4B by clamstar on Wednesday January 26, 2022 @04:52PM (#30092485)
You end up with a bunch of individual stocks in your new brokerage account. It's a pain. I separate account at etrade specifically for my "WF500" shares, and still just treat them as a single organism.
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Re:UBS Acquires Wealthfront for $1.4B by ppg677 on Wednesday January 26, 2022 @06:34PM (#30093728)
Yes that was my experience. And it sucked. I had 500 individual stocks to deal with.
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