After dropping $73,000 in Fisher Investments’s fees I decided to move my accounts in-kind to Wealthsimple.
To say that Fisher doesn’t like seeing assets leave after 7+ years is an understatement. They did everything to stall including trading in my accounts after formally acknowledging the end of the relationship.
It took letters to their Global Chief Compliance Officer and the President of Fidelity Clearing Canada (the custodian) to get things moving.
With my accounts in “limbo” between Fisher and Wealthsimple, I was effectively locked out of the market during a period of extreme volatility — unable to trade and unsure of what to do about it.