Transferring your investment assets from one brokerage to another can seem complicated, but it actually isn't.
If you're looking to move your assets from E*TRADE to Fidelity, this article will guide you through the process.
Fidelity is a respected and well-established brokerage firm, offering a wide range of investment opportunities, exceptional customer service, and a user-friendly online platform.
The process of transferring your assets from E*TRADE to Fidelity is straightforward and typically takes 3–5 business days.
Here's how it works.
To initiate the transfer, start by submitting a transfer request within Fidelity.
This can be done quickly and easily online and typically takes just 5–7 minutes of your time.
After you've submitted the transfer request, Fidelity will take care of the next steps.
They will contact your current brokerage firm to request the assets from your account.
Once Fidelity's team has processed your request and received the necessary information from your current firm, they will arrange for the assets in your E*TRADE account to be transferred to your Fidelity account.
After receiving the assets, Fidelity will deposit them into your selected Fidelity account.
You will then have full access to your investments through their platform.
It's important to be aware that E*TRADE charges a $75 fee for a full account transfer out.
While the process is relatively straightforward, here are some essential considerations when transferring your assets from E*TRADE to Fidelity: