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Vanguard go paperless1/7/2024 ![]() ![]() Investors receive important account notifications faster and gain instant access to trade confirmations and tax forms through their financial firm’s secure online portal or mobile app.ĭuring tax season, Crowell tells clients that switching to e-delivery will help them file their returns with fewer delays. “And they offer the ease of searchable archives” so that investors can retrieve old statements from anywhere, as long as they can log into their account.Į-statements also have the advantage of speed. “With the rise in financial fraud and the risk that mail can get stolen or lost, digital statements offer security,” Crowell said. Advisers often reassure clients that they’ll benefit from e-delivery once they get used to it. When financial firms introduce an annual fee for paper delivery, it can prod investors to make the switch. “For some people, the comfort of paper mailings is hard to give up,” said Andrew Crowell, vice chairman of wealth management at D.A. ![]() And they prefer to flip through a printed prospectus or proxy statement rather than read it on a computer screen. They like to receive tax forms via the U.S. For years, they’ve filled their file cabinet with folders of monthly printed statements. And they like saving trees by going paperless.įor others, however, the switch is unwelcome. They’re accustomed to making financial transactions online and tracking tax forms and other digital correspondence from their brokerage firm. At Vanguard Brokerage Service, for example, clients with total qualifying assets under $5 million must enroll in e-delivery of account-related communications by September 1 to avoid a $25 annual fee. Electronic statements are increasingly becoming the norm.įinancial firms are forcing the customer’s hand. If you’re still getting paper statements from your financial services company, the clock is ticking. ![]() Many financial firms are adding fees for clients who decline electronic statements ![]()
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