Moving to a new fund - like to know if it matters when I convert?

[Guest quaspro]

I'm thinking of moving my roth + ira account to another fund because of performance issues. There is not much in the IRA account so I want to consolidate it (convert) into Roth. Should I do the conversion with the old fund first before moving it to a new fund or do the conversion with the new fund. Is there a difference? Is one way "cleaner" than the other?

tks

[John G]

You did not indicate if the funds are with the same custodian or covered by the same brokerage.

I would talk with the customer service dpt for Roths at the destination fund. Transfers and conversions are best done as a direct custodian to custodian transaction where no checks are ever sent to you. You probably have to complete a one page letter of instruction and a one page form for the new custodian. Hand it in to the destination custodian and they will do the work.