M1 Finance is a newer commission free stock trading and money management app.
E*TRADE is one of the most well known brokerages out there today.
If you're looking to transfer your assets from M1 over to E*TRADE, here are step by step instructions on how to do so.
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.
There is some information needed from M1. The most crucial is your account number at M1 Finance.
To locate your M1 Finance account number effortlessly, follow these simple steps using the mobile app:
You will need this account number to initiate the transfer.
The first step is to open an E*TRADE account if you don’t already have one.
Then, log on with your user ID and password.
There’s a simple Transfer An Account Feature for the quickest way. It will guide you step-by-step through the process and ask you for your M1 Finance account number.
Before initiating the transfer, be aware of the fees involved.
M1 Finance charges a $100 fee for outgoing ACAT (Automated Customer Account Transfer) transfers for all account types.
Additionally, there is an extra $100 closing fee for retirement accounts.
Make sure you have the necessary funds available to cover these charges.
