If you're considering transferring your assets from E*TRADE to Vanguard, the process is relatively straightforward.
This article will guide you through the necessary steps to ensure a smooth transfer, whether you're moving individual accounts or transitioning between different account types.
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.
You can open a new Vanguard account during the transfer process, or you can go ahead and open it beforehand.
Before initiating the transfer, identify the accounts you want to move.
Whether it's an individual account to another individual account or not, make sure to understand the account types involved.
Note that transferring between unlike account types may require additional paperwork, such as an IRA Rollover.
To initiate the transfer, gather essential information such as your username, password, or account number from E*TRADE.
The easiest method is the electronic transfer, which simply requires you to log in to your E*TRADE account.
If an electronic transfer is not possible, submit a copy of your E*TRADE account statement dated within the last 90 days.
Electronic transfers can be completed in as little as 5 to 7 days.
You can monitor the progress of your transfer online through the "Track Your Transfer" link on your Vanguard Account Details page.
In case paperwork is necessary, the transfer may take longer.
To initiate a paperwork transfer:
After you initiate the transfer, Vanguard will reach out to E*TRADE and provide them with the necessary information.
E*TRADE will confirm the information provided by Vanguard before transferring your assets. This step ensures accuracy and security.
Once the information is confirmed, your assets will be transferred to Vanguard. Throughout this process, Vanguard will keep you informed about the progress of your transfer.
Transferring from E*TRADE to Vanguard is a straightforward process, whether you choose an electronic transfer or a paperwork transfer.
