How To Transfer From Vanguard To Interactive Brokers 2023

Investors often choose to switch brokerage accounts for various reasons.

If you're considering transferring your assets from Vanguard to Interactive Brokers, this article will guide you through the process.

What is Interactive Brokers?

Interactive Brokers (IB) is a well-established brokerage firm known for its competitive pricing, comprehensive trading tools, and access to a wide range of financial products.

Learn more about Interactive Brokers here!

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Transferring Your Assets Without Selling

Here's a step-by-step guide on how to make the transfer.

1. Open an Interactive Brokers Account

If you don't already have an Interactive Brokers account, start by opening one.

You can do this by visiting their website and following the account opening process.

Ensure that your Interactive Brokers account is active and ready for use.

2. Access the Transfer & Pay Menu

Once your Interactive Brokers account is set up and verified, log in to your account.

From the top menu, hover over "Transfer & Pay."

This will open a dropdown menu with various options.

3. Choose "Transfer Positions"

In the dropdown menu, select "Transfer Positions."

This is the option you'll use to initiate the asset transfer from Vanguard to Interactive Brokers.

4. Select Vanguard as the Source Broker

On the Transfer Positions page, you'll see a list of popular brokers.

Locate and select "Vanguard" from the list.

If Vanguard is not listed, use the dropdown menu to find more broker options.

5. Input Your Vanguard Account Number

To initiate the transfer, you'll need to provide your Vanguard account number.

You can find this number on your Vanguard account statements or within your Vanguard account dashboard.

Fees and Charges

Vanguard's Automated Account Transfer Service (ACATS) fee for both full and partial account transfers is $0. Vanguard also doesn't charge fees for incoming or outgoing transfers.

However, it's essential to double-check the fee structure with both Vanguard and Interactive Brokers, as fees may change over time.

Final Thoughts

Transferring your assets from Vanguard to Interactive Brokers is a straightforward process that allows you to retain your investment positions without liquidating them.