When you transfer stock from one broker to another, is cost basis sent to the new broker?
Here is my case:
I want to transfer some vested shares from Schwab EAC to plain old Schwab. Schwab EAC is just too painful to use and doesn't support things like Stop Limit orders.
I am wondering if when you transfer from one broker to another if cost basis is passed along with it as it matter of fact, if it never is, or if it depends on from the organizations involved.