If you're looking to transfer your assets from Ally Invest to Robinhood, here is our step by step guide.
This is possible through the ACATS transfer service.
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.
Ally Invest charges a $50 fee for all ACATS transfers. This includes both full and partial account transfers.
Robinhood doesn't charge anything on the receiving side.
You should prepare ahead by having at least this amount available in your Ally Invest cash balance.
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!
To locate your Ally Invest account number, follow these steps:
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:
