Review my letter to my 'stockbroker' to end our relationship. ( prolly wordy )

I have to pay a $50 maintence fee to my Raymond James account, where we haven’t done a thing with it for years. At least 8. We’ve had no money to play with.

So, we decided to transfer over to Schwab to consolidate the paper work and make things easier.

This means I have to write a letter. It’s wordy and probably grammatically a nightmare.
**
Dear Richard,

I would apologize for not responding regarding the $50 maintenance fee, but I see no maintenance on it whatsoever other than dismal returns on all the RJF choice picks that we picked all those years ago when we had some money to blow, no kids and a wide eyed look about us that is now comical to think about, which is why we don’t think about it too much lest we cry over spilt milk, et al.

Two kids, loads of Real Life ( three dead brothers on one side* (mine); Catastrophic accident on the other (in laws permanently disabled in not a good way.); two major accidents –neither our fault and no one was hurt which is all that matters; and permanent hearing loss in one ear** (me) for no explicable reason after about $2000 in co-pays & meds but hey, it’s not a tumor/MS/Stroke…gosh that was a fun summer!) all on one income and a fatter waist line later, the only thing that has maintained its slimness all these years later has been this account. Huh. You guys ever think about starting a diet plan?

The only redeeming factor in our pathetic investment funds has been a suggestion by a friend of ours who is in the medical research field (whom heads up a M***k Research Lab and will one day win a Nobel Prize for Medicine, mark my words). Since he is a poor research Doctor with solid advice and was our best man at our wedding, I feel he is more deserving of the $50 and the fat cats in charge of RJF.

However, as we don’t have $50 to give to each of you and hubby helped the aboveforementioned friend move recently on the hottest day of the year and is not particularly beholden to him at this moment. we believe that RJF has made every effort to entertain our investment :Taking it for a walk once in awhile, thus accounting for the emaciated state of its returns. Paying this maintenence we will do, but wish to transfer it over to Schwab (where they’ve promised our investments a dinner, movie and to wear low cut blouses when looking ( and tittering) at our investments. We are cheap and can be easily had.

**Please send the appropriate forms for us to sign off on everything and have the funds transferred over to Schwab as soon as possible. ** If the check enclosed doesn’t bounce, it means the one to pay for soccer and dance did.

Sincerely,

  • Richard handle’s my mom’s (Real Name) account.

** It’s called Sudden Hearing Loss Syndrome. YAY me!

**

Should I send it?

I feel he is more deserving of the $50 than the fat cats in charge of RJF. ???

I’d send it. I like writing and sending “Letters From A Nut”. Sometime you get the funniest responses. Sometimes, like prolly in this case, you get nothing.

It might be easiest to simple contact Schwab and complete an external transfer form. They can probably handle all the paperwork for you.

Once your account is transfered, you can inform the other brokerage firm why you left.

If you really want my honest opinion, I don’t think you should send it. My reaction upon getting such a missive would be to wonder why in the hell you’re telling me all of this personal information in such a rambling fashion.

Hey, don’t get me wrong-- it’s amusing, but it takes a while to get to the point and it might go over wrong with someone who doesn’t have your sense of humor. I can just picture someone who has a sub-par reading comprehnsion puzzling over it.

Yeah, I agree because you’re actually trying to get some serious work done with the letter. Your intent may get lost in the verbiage.

No, because the only thing that will happen is that it will get tossed in the trash. When you cancel your account, they will probably ask why and you can tell them that you don’t want to pay the maintenance fee. Gets the point across.

Good points, I think I’ll just call Schwab.

Damn, you guys, that’s no fun…

Besides, wouldn’t it be hilarious if Richard posted one day about the insane letter he received from a client? :wink:

Your new broker can initiate a transfer of asset. I happens to thousands of accounts every day. You do not need to contact your old broker at all.

Your letter is full of unnecessary information. You come off as bitter and just a bit flaky.

So, if you don’t mind my asking, is it RJF (Raymond James Financial, which is really just a broker who uses the RJ systems to clear trades) or RJA (Raymond James and Associates), the company based in Florida that has a pretty good reputation for taking care of its customers?

Can anyone guess where I work?

I agree. I was in the same boat with my account at Dain Rauscher, and I simply transferred all my holdings to a discount broker. No letter, no explanation, they just found themselves without any more of my money to “maintain” anymore.