For the purpose of free rebalancing, I submitted a request to transfer the ETFs I held in an IRA at VBS (Vanguard’s Brokerage Service) to WellsTrade (Wells Fargo’s free trade offering).
I was pleasantly surprised by the speed at which this was accomplished. I faxed in the request to WellsTrade on the morning of 2/04/2008 Monday. This evening (2/06/2008 Wednesday), I noticed that the shares have already been deposited into my WellsTrade account. All done in a matter of two business days!
Kudos to both WellsTrade and Vanguard for not dragging their feet in this matter!
PS. Vanguard does not charge any fee for out-going transfers.