If you're looking to transfer your assets from Acorns over to Robinhood, this transfer guide will walk you through the process.
Acorns collects a fee of $35 per ETF transferred, and only whole shares are available to transfer at this time.
You can avoid the fee by selling your ETFs and transferring the cash, but keep in mind this could result in taxes, investment losses and market timing risks.
Check out my video on how to transfer your brokerage account below, let's dive in!
Robinhood is a popular "all-in-one" investing app.
While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.
Introducing Robinhood Retirement; home of the biggest IRA match on the market.
Here's what you need to know:
And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.
Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.
The first step you need to take is setting up your new brokerage account with Robinhood.
If you already have an account with Robinhood, you can move on to the next step.
Use the button above to get a completely free stock when you sign up!
In order to initiate a transfer of assets, you will need your Acorns account number.
This is found on your Acorns Invest monthly statement. Here's how to get a copy of this:
Your account number will be on this statement.
Once you have opened a brokerage account with Robinhood, the next step is to initiate the transfer within Robinhood.
This is only possible via the Robinhood app, so you will want to download this onto your phone.
You can execute the transfer with the steps below:
