Correct. When transferring, you talk to the broker you’re going to. They help with the transfer.
If anything, the broker you’re wanting to go from will try to talk you out of it. Why? They have two goals: 1) assets in and 2) retain those assets. So it goes against rule #2.
Schwab is far superior to Fidelity.
I wish everyone took my broker recommendations as seriously as they do my stock picks. They’d be far better off. There are great reasons why I only recommend Ameritrade and Schwab.
I know that sometimes some foreign subscribers may not always be able to be with them, in certain cases…but everyone else should really be.