AOM
iShares Core 40/60 Moderate Allocation ETF
stock NYSE ETF

A TOA just moves assets over to the new custodian; assets are only sold when the target custodian cannot manage them. A good example are Fidelity ZERO funds: those are sold and cash is transferred.
Once the TOA is complete, it's your responsibility to sell the asset and buy what you want.
>Is there anything else I need to do with this transfer?
TOA's can take some time to fully complete. Actual assets will transfer quickly, then cash comes later (not too much later, but still delayed), and finally any interest accrued to the account at month-end is transferred. Be patient and don't be surprised if more money appears.
>I don’t mind it being a Hennessy fund held by Vanguard
Holy lord, that expense ratio: [HEIFX – Hennessy Equity and Income Investor Fund Stock Price | Morningstar](https://www.morningstar.com/funds/XNAS/HEIFX/quote). Consider using much cheaper allocation fund of some sort; iShare ETF's are a really good option:
* [iShares Core 80/20 Aggressive Allocation ETF | AOA](https://www.ishares.com/us/products/239729/ishares-aggressive-allocation-etf)
* [iShares Core 60/40 Balanced Allocation ETF | AOR](https://www.ishares.com/us/products/239756/ishares-growth-allocation-etf)
* [iShares Core 40/60 Moderate Allocation ETF | AOM](https://www.ishares.com/us/products/239765/ishares-moderate-allocation-etf)
* [iShares Core 30/70 Conservative Allocation ETF | AOK](https://www.ishares.com/us/products/239733/ishares-conservative-allocation-etf)

The answer is that terms like aggressive/balanced/conservative are industry buzzwords with commonly accepted definitions. An example what I'm talking about is the iShares Allocation funds AOA, AOR, AOM, AOK.
By these definitions, a portfolio of 100% stocks and 0% bonds is considered "most aggressive" no matter how you slice it.

A TOA just moves assets over to the new custodian; assets are only sold when the target custodian cannot manage them. A good example are Fidelity ZERO funds: those are sold and cash is transferred.
Once the TOA is complete, it's your responsibility to sell the asset and buy what you want.
>Is there anything else I need to do with this transfer?
TOA's can take some time to fully complete. Actual assets will transfer quickly, then cash comes later (not too much later, but still delayed), and finally any interest accrued to the account at month-end is transferred. Be patient and don't be surprised if more money appears.
>I don’t mind it being a Hennessy fund held by Vanguard
Holy lord, that expense ratio: [HEIFX – Hennessy Equity and Income Investor Fund Stock Price | Morningstar](https://www.morningstar.com/funds/XNAS/HEIFX/quote). Consider using much cheaper allocation fund of some sort; iShare ETF's are a really good option:
* [iShares Core 80/20 Aggressive Allocation ETF | AOA](https://www.ishares.com/us/products/239729/ishares-aggressive-allocation-etf)
* [iShares Core 60/40 Balanced Allocation ETF | AOR](https://www.ishares.com/us/products/239756/ishares-growth-allocation-etf)
* [iShares Core 40/60 Moderate Allocation ETF | AOM](https://www.ishares.com/us/products/239765/ishares-moderate-allocation-etf)
* [iShares Core 30/70 Conservative Allocation ETF | AOK](https://www.ishares.com/us/products/239733/ishares-conservative-allocation-etf)

The answer is that terms like aggressive/balanced/conservative are industry buzzwords with commonly accepted definitions. An example what I'm talking about is the iShares Allocation funds AOA, AOR, AOM, AOK.
By these definitions, a portfolio of 100% stocks and 0% bonds is considered "most aggressive" no matter how you slice it.