Exchanging stocks for index funds on Fidelity
I am helping a recently widowed family member simplify and diversify several Fidelity accounts (including taxable, tIRA, and Roth) into a basic 3 fund portfolio likely consisting of FUSVX (500 Index), FSIVX (International), and FSITX (Bond).
The existing portfolio consists of 50-60 individual stocks, ETFs, and a couple ETNs - several of which are held across 2-3 different accounts. I am a passive index investor, primarily on Vanguard, so I have I have no experience selling/trading stocks and little familiarity with Fidelity's platform.
My question: How can I most efficiently initiate this transition from individual stocks/ETFs/ETNs to index funds? For example, do I need to plan on taking a day (or more) off work to make 100 individual trades while the market is open, or is there any way to simplify this process? I'm a trading newbie looking for some practical advice on making this specific type of trade across multiple Fidelity accounts. TIA.
EDIT TO ADD: I am aware of the tax efficiency of holdings in each type of account and the tax implications of selling from taxable account. The step-up in basis makes this the right time to simplify and diversify into a more appropriate AA.
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