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Problems Scottrade not Auto-Reinvest Dividends on any stocks/etf's
I purchased a very few stocks/etf's early this year (among them, BOND
from Pimco). Found out later that Scottrade does NOT auto reinvest dividends on any etf's/stocks, but puts proceeds into cash balance - making manual reinvestment not practical due to costs.
I've been tracking the date the dividends were declared vs. the date Scottrade actually puts the proceeds into cash balance. In two of my investments, the delay is over 2 weeks, and the minimum seems to be 10 days.
Do most brokerages have the same "no auto reinvest" policy for stocks/etf's? If so, are that long of delays normal?