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Written by Taylor Danielle on October 25, 2023
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How To Transfer From M1 Finance To Fidelity 2023

Are you looking to take the leap and transfer your investment assets from M1 Finance to Fidelity?

The process of transferring your assets can be straightforward and efficient.

In this guide, we'll walk you through the steps involved in transferring your investments.

The Transfer Process

Transferring your assets from M1 Finance to Fidelity is a well-structured process designed to be as hassle-free as possible.

Here's how it works.

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1. Submit Your Transfer Request

The first step is to submit a transfer request to Fidelity.

This can be done conveniently online and typically takes no more than 5-7 minutes of your time.

2. Fidelity Contacts Your Current Firm

Fidelity will then get in touch with your current brokerage firm on your behalf.

They will request the transfer of your account assets.

3. Asset Transfer Process

Once your request is processed and approved by your current firm, they will initiate the transfer of your account assets to Fidelity.

In most cases, this step also happens electronically.

4. Fidelity Deposits Your Assets

After your current firm completes the asset transfer process, Fidelity will deposit your assets into your selected account.

This means your portfolio seamlessly transitions to your new brokerage account without requiring any action on your part.

Timing of the Transfer

The timeline for transferring assets from M1 Finance to Fidelity can vary.

Typically, it takes 3-5 business days for the transfer to be completed, but several factors may influence this timeline.

Consideration for Fees

It's important to note that M1 Finance charges an outgoing ACAT (Automated Customer Account Transfer) fee of $100 for all account types, and an additional $100 closing fee for retirement accounts.

Article written by Taylor Danielle

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