How do I add a beneficiary?
Updated over a week ago

Add a beneficiary to a retirement account

At this time, you can add beneficiaries to your M1 IRA on Web. You are not able to add beneficiaries on Mobile.

  1. Navigate to your account settings

  2. Select “Beneficiaries”

  3. Select “Add Beneficiary”

  4. Enter the Beneficiary information and select “Submit"

If you'd like to add beneficiaries to more than one retirement account, please fill out the form for each account in question (even if the beneficiaries remain the same).

Please keep in mind that the total of the "% Share" portions for all beneficiaries must equal 100%, no decimals or fractions can be accepted.

For example: if you would like to add three beneficiaries, they could be allocated a 33%, 33%, and 34% share, respectively. 33.33%, 33.33%, and 33.33% would not be acceptable.

Add a beneficiary to a taxable M1 Investment account

Complete one of the transfer on death (TOD) forms below and contact us.

If you are looking to add a beneficiary to your Individual Brokerage Account:

If you are looking to add a beneficiary to any other account type:

Add a beneficiary to an M1 High-Yield Savings Account

You can add up to five beneficiaries, including trusts, to your M1 Savings Account by filling out this form.

We will follow up with you once we have added the requested beneficiaries to your account.

Add a beneficiary to an M1 High-Yield Cash Account

You can add up to five primary beneficiaries and five contingent beneficiaries, including trusts, to your M1 Cash Account by filling out this form.

We will follow up with you once we have added the requested beneficiaries to your account.


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.

M1 is not a bank. M1 Spend is a wholly-owned operating subsidiary of M1 Holdings Inc. M1 High-Yield Savings Accounts are furnished by B2 Bank, NA, Member FDIC.

M1 High-Yield Cash Account(s) is an investment product offered by M1 Finance, LLC, an SEC registered broker-dealer, Member FINRA / SIPC. M1 is not a bank and M1 High-Yield Cash Accounts are not a checking or savings account. The purpose of this account is to invest in securities, and an open M1 Investment account is required to participate in the M1 High-Yield Cash Account. All investing involves risk, including the risk of losing the money you invest.

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