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Written by Ryan Scribner on December 15, 2023
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How To Transfer From Robinhood To M1 Finance 2024

If you are looking to transfer assets from one brokerage platform to another, the process is relatively simple and straightforward.

Whatever your reason is for making the switch, we will show you how to transfer from Robinhood to M1 Finance - step by step.

Bear in mind, Robinhood charges a $100 fee for all account transfers - including partial and full transfers.

In addition, Robinhood supports many assets that are not transferrable to M1 Finance (such as Crypto). You will need to sell these in order to complete a full account transfer, and that could result in taxes if you sell for a profit.

In addition, margin balances need to be paid off before transferring.

Check out my video on how to transfer your brokerage account below, let's dive in!

Learn More: Robinhood Retirement 3% Match

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.

Robinhood IRA Boost

Here's what you need to know:

  • Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
  • All Robinhood investors will get a 1% Match on what they Contribute or Transfer
  • Robinhood Gold members will get a 3% Match - the biggest on the market

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.

How To Transfer From Robinhood To M1 Finance

We have a full video outlining the transfer process.

Feel free to check it out below or keep reading for a written guide!

1. Open An Account With M1 Finance

M1 finance investing platform allows you to invest in individual stocks and ETFs for free. M1 charges no commissions or fees to invest. With a $100 minimum investment M1 gives investors access to their dynamic application.

The first step is to open an M1 Finance account.

2. Gather Information From Robinhood

The next step is to obtain your Robinhood account number.

This information can be found by downloading a copy of your most recent brokerage statement. 

3. Initiate The Transfer

The transfer over to M1 Finance will be initiated within the M1 Finance app.

M1 Finance account transfer

Here are the steps:

  1. From the home tab in the app, scroll to the bottom and tap on "Move Money"
  2. Select the "Transfer from another brokerage" option
  3. Choose whether you would like to perform a full or partial transfer and tap "Continue"
  4. You will be prompted to fill out a form that will require the account type, account number, and transfer amount
  5. Search for "Robinhood"
  6. Enter in your account number you obtained from the Robinhood brokerage statement and tap "Continue"
  7. Indicate which M1 account you would like to move the assets to
  8. M1 will cover a few details about the transfer including the estimated time (5-7 business days), assets that are supported, fees, etc
  9. Tap "Continue" when you have reviewed the information
  10. Tap "Confirm" after reviewing the details to submit the transfer
Article written by Ryan Scribner
Ryan Scribner is the Co-Founder of Investing Simple and author of the personal finance book ‘From Side Hustle To Main Hustle To Millionaire’ (available on Amazon and at Barnes & Noble). He is recognized as a Top 100 Money Expert by GoBankingRates. Ryan Scribner runs a successful YouTube channel focused on money and investing, which he started in 2016. Scribner was exposed to the finance world early on with a dad who is a financial advisor. Before he started his YouTube channel, he was working and making a surplus of money which he began investing on his own. Then he started to document it on his YouTube channel, before launching the Investing Simple blog in 2018. Ryan Scribner has used his own experiences with money to show others what he’s done to be successful so that they can learn from it. He has been featured in The Wall Street Journal in a publication on The Financial Gurus Millenials Listen To. In addition, Ryan Scribner has been featured in MarketWatch, Business Insider and Forbes - where he was recognized as the #1 Must Watch YouTube Channel For Making Money. In recent years, Ryan has become an angel investor across numerous startups. This includes fintech platforms such as Yotta, Mesh Connect and Commonstock - recently acquired by Yahoo Finance. Beyond that, Ryan has equity investments in a veteran-led cybersecurity company Netrise, as well as Beacons - an all-in-one builder tool for creators. Today, Scribner lives in South Florida - teaching others how to build wealth and “semi-retire,” without sacrificing your life to a 9-to-5.

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
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
Fundrise
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
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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.

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