M1 is moving clearing for custodial and trust accounts off Apex and onto our own self-clearing platform. Bringing clearing in-house gives M1 direct control over the experience for these account types, so we can resolve issues faster and build the features you've been asking for without waiting on a third party.
What's the benefit to me?
A better, more responsive experience over time. With clearing in-house, M1 owns more of the workflow end-to-end, which means faster operational support and a clearer roadmap for entity-account features.
When is the conversion?
Friday, July 10, 2026, is the last trading day on Apex. Your account will be live on M1's clearing platform starting Monday, July 13.
What does this mean for me?
For day-to-day use, very little changes. You'll continue logging in, trading, depositing, and withdrawing through the M1 app as you do today.
The two items to note:
A short ACAT transfer blackout will take place the week of conversion. Please see additional details below.
For tax year 2026, you'll receive two tax forms for your account: one from Apex covering activity through July 10, and one from M1 covering activity from July 13 forward.
When is the ACAT blackout?
ACAT transfers out of your custodial or trust account are paused starting close of business Monday, July 2nd, 2026, and resume after the conversion completes. ACATs initiated by COB July 2nd will settle in time.
Can I still trade and move money during the conversion?
Yes. Trading, deposits, and withdrawals continue as normal. Only outbound ACAT transfers are paused.
Does this blackout apply to my IRA?
No. IRAs are not part of this conversion. IRA rollovers and ACAT transfers remain fully functional throughout the blackout.
How does this affect my taxes?
For tax year 2026 you'll receive two tax forms for the same account: one from Apex covering activity through July 10, and one from M1 covering activity from July 13 forward. You'll need both when you file.
Are there any fees for this?
No. There is no fee to you for the conversion. If you'd prefer to transfer your account to another broker instead, M1 will cover the outbound ACAT fee.
Can I opt out?
The clearing setup for these account types is moving as a whole, so the account itself is converting. If you would prefer not to make the move with us, you can transfer your account to another broker and M1 will cover the ACAT fee.
For additional information, please contact M1 Client Success.
Brokerage accounts on the M1 platform are either fully disclosed to APEX Clearing or cleared through M1 Finance LLC. Please look at your account statement to determine how your account is cleared.
All investing involves risk, including the risk of losing the money you invest. Past performance does not guarantee future performance. Using margin can add to these risks. Users utilizing APEX cleared margin accounts should review the APEX margin account risk disclosure before borrowing. Users utilizing M1 cleared margin accounts should review the M1 margin account risk disclosure before borrowing. M1 Margin Loans are available on margin accounts with at least $2,000 invested per account. Not available for Retirement or Custodial accounts. Margin rates may vary.
Brokerage products and services are offered by M1 Finance LLC, Member FINRA / SIPC, and a wholly owned subsidiary of M1 Holdings, Inc.
SAIF-06052026-dqlm9yji