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Written by Cari Scribner on February 7, 2022
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How To Transfer From Stash To M1 Finance 2022

There are many online investing platforms out there today, and the field continues to grow as companies elbow one another for new clients.

If you’ve been using the online investing app Stash, perhaps you’ve found it to be designed for people that don’t have a lot of experience.

You may be interested in taking a look at M1 Finance which ultimately puts you in the drivers seat with your investments.

Another plus: Stash charges users a monthly fee, but M1 Finance does not.

We can help make this process easy for you.

Follow the steps below to move your assets out of Stash and into M1 Finance.

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1. Gather Information From Stash

In order to initiate the transfer, you will need a copy of your most recent brokerage statement from Stash. 

You will have to upload this to M1 Finance later on. In addition, you will need your Stash account number which is listed on your statement.

2. Open An Account With M1 Finance

Next, you will need to open an M1 Finance account.

Here are the requirements to open an account:

  • Be a US citizen or permanent resident
  • Be over the age of 18
  • Have a current US residential address and US phone number
  • $100 minimum to open a regular taxable brokerage account
  • $500 minimum to open a retirement account

If you meet the qualifications, you can continue on to open a new M1 account.

The process is relatively straightforward and everything is handled within the app. M1 Finance will ask you for information such as your name, address, employer and social.

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3. Initiate The Transfer

Your current investments from your Stash investing account to M1 Finance will be moved using an Automated Customer Account Transfer (ACAT).

Stash will charge you $75 for the transfer. This fee will be deducted from your bash balance.

When the transfer process has begun, your Stash account will be locked to prevent any transactions that may delay or disrupt the ACAT process.

  1. Log into the M1 platform
  2. Click “Transfer”
  3. Fill out the fields giving your Stash account info and stating whether you are making a full or partial transfer
  4. Upload your Stash account documents securely through M1’s encrypted form
  5. The transfer from Stash to M1 will take anywhere from 5 days to one week
stash transfer to m1 finance featured image
Article written by Cari Scribner

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