M1 moved 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 did the conversion happen?
As of Monday, July 13, 2026, your account is live on M1's clearing platform. Friday, July 10, 2026, was the last trading day on Apex for custodial and trust accounts.
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.
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.
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.
Advisory products and services are offered by M1 Advisory Services, LLC, an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Advisory services are distinct from the brokerage products and services offered by M1 Finance LLC. Clients receiving advisory services must also maintain brokerage accounts with M1 Finance LLC, which is a separate legal entity and a Member FINRA/SIPC. For important information about M1 Advisory Services, LLC, including fees, services, and conflicts of interest, please review our Form ADV Part 2A and Form CRS
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