We’re sorry to see you go!
To transfer an M1 investment account out of M1, please contact the receiving broker (the institution where the account is going) and ask them to initiate the transfer.
Keep the following in mind regarding outgoing account transfers:
Recent account activity:
Please wait at least 6 business days from the last deposit into an investment account before initiating an account transfer.
All new deposits into M1 Invest require a 6-business day holding period before they can be withdrawn or transferred.
If you recently deposited into your account, your ACAT transfer may be rejected.
Full account transfers:
Only full shares are transferred in-kind.
Fractional shares will be liquidated to cash and swept to the receiving broker following the transfer of the full shares.
The account is automatically closed following the full account transfer.
Partial account transfers:
A partial account transfer can be requested through the receiving broker.
The full share quantity of each security you wish to transfer must be requested.
The account is temporarily paused to process the partial account transfer.
Example: Full vs. Partial account transfer
An account holds the following symbols and quantities:
Symbol | Share Quantity |
ABC | 10.7834 |
XYZ | 6.2259 |
If a full account transfer is requested, the 10 full shares of ABC and the 6 full shares of XYZ will transfer in-kind to the receiving broker. The 0.7834 fractional shares of ABC and 0.2259 fractional shares of XYZ will be liquidated to cash and swept to the receiving broker.
If a partial account transfer is requested for the 10 full shares of ABC and the 6 full shares of XYZ, only the requested full shares will transfer in-kind to the receiving broker. The 0.7834 fractional shares of ABC and 0.2259 fractional shares of XYZ will not be transferred and will remain in your M1 account.
Outgoing ACAT fee
There is a $100 outgoing ACAT fee for all account types and an additional $100 closing fee for retirement accounts.
Example:
Transferring out your Individual Brokerage Account would incur a fee of $100.
Transferring out your Roth IRA would incur a fee of $200 ($100 for the outgoing ACAT + $100 for the IRA closure fee).
A breakdown of fees can be found at M1 Fee Schedule.
Cost basis information
Apex or M1 will send cost basis information to your receiving brokerage within 30 days.
If it has been longer than 30 days since your account transfer and the receiving brokerage has not received cost basis information, please contact us.
Residual cash and share amounts
Residual cash and holdings remaining in a closed M1 account following an outgoing ACAT is typically swept up and transferred to your new brokerage within about a week of the transfer of any full shares.
When you perform a full transfer, fractional shares will be liquidated and the resulting cash will be swept to your account at your new brokerage, typically within a week of the shares being liquidated.
Residual cash and holdings that arrive in a closed M1 account, such as dividends, will be continuously swept up and automatically transferred to your new brokerage for 180 business days after your transfer completes. If it has been more than 180 days since your account transfer and the account has remaining cash or holdings, please let us know.
Account closure
We cannot re-open accounts after an ACAT transfer. However, you can open a new account here.
DTC code and clearing firm for ACATS
M1 supports automated customer account transfers (ACATS) performed by the receiving broker however, the DTC code and clearing firm you reference will depend on your current M1 Account type.
To transfer an Individual or Joint brokerage account:
DTC Code: 1497
M1 Finance LLC
Address:
M1 Finance c/o Invest Operations
200 N La Salle St Ste. 810
Chicago, IL 60601
To transfer any other investment account types:
DTC Code: 0158
Apex Clearing
Address:
Apex Clearing c/o Banking
350 N St. Paul Street #1300
Dallas, TX 75201
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.
This content was generated using artificial intelligence and is intended for informational and educational purposes only. While reasonable efforts are made to ensure accuracy, AI-generated outputs may omit key context; and should not be construed as financial, investment, legal, or tax advice. Users should independently verify all information and consult a qualified professional before making any financial decisions.
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