If I transfer an existing account(s) to THOR, will all of my existing positions be sold in order to begin with a clean slate?
Not necessarily. There are several factors to consider. Typically, we transfer an existing account in-kind to the new Schwab account. We then begin evaluating the quality of the different investments. Taxes are also a significant consideration in this analysis. If a wholesale liquidation of the account is warranted due to the lack of quality investments, we attempt to work with the client to spread out any tax liability over a couple of years, if possible. Prior loss carry forwards may ease the tax consequences in this situation.
