Investing Simple Logo
Get 1 Free Stock Worth Up To $200 From Robinhood!
Sign up with Robinhood, deposit any amount and get 1 Free Stock. It takes less than 3 minutes to sign up and claim your Free Stock Bonus.
Earn 5.00% APY with M1 High-Yield Savings Account
M1 Plus members can earn 5.00% APY on their deposits with no minimum balance required.
Webull free stock promotion
Get Up To 5 Free Stocks From Webull
Open a new Webull brokerage account today and deposit any amount of money to receive 5 free stocks. Webull offers commission free stock, ETF, option and crypto trading.
Written by Taylor Danielle on October 25, 2023
FTC Disclosure: Some of the links on this site are affiliate links. Read our full disclaimer here.

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.

Best Free Stock Promotions

Robinhood Logo1 Free Fractional Share Worth $5 To $200Claim Bonus
Webull LogoEarn Up To 70 Free Fractional SharesClaim Bonus
Moomoo Logo5 Free Stocks When You Deposit $100+Claim Bonus
Acorns Logo$20 Bonus When You Invest $5+Claim Bonus

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

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
Copyright © 2018 – 2023 Investing Simple LLC. All Rights Reserved.
Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Website managed by Stallion Cognitive™

Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram