I have a very basic question about the mechanics of creating a ring-fenced account for clean capital.
I will be selling a mixed fund at Vanguard to separate the clean capital from the gains, and need to be sure I do it correctly. I plan to exchange all shares into my Vanguard Prime Money Market account, and leave there for the time being. When ready to transfer to the UK, I will do the accounting to separate the "clean capital" from the gains and open a non-interest bearing checking account for the specific purpose of keeping the clean capital separate. Once it has cleared that account and I am ready to send to the UK I will do so. Does that sound right?