How do I transfer a brokerage account into M1?

 

1. Full brokerage account transfer 

     a. Mobile 

     b. Web 

2. Partial brokerage account transfer 

3. Rollovers 

4. FAQ 

 

Full Brokerage Account Transfer 

Mobile 

1. Have the correct account type open 

Make sure you have an account open with M1 that matches the account type being transferred.   

For example: a joint account must be transferred to a joint account and a Roth IRA must be transferred to a Roth IRA. 

Learn how to open additional accounts.  

 

2. Navigate to the ‘Home’ tab and click ‘Move Money’. 

3. Click ‘Transfer from another brokerage’ 

M1 Finance mobile account screen move money

4. To initiate a full brokerage account transfer, please choose “a full brokerage account.” or “A tax-deferred retirement savings account”. 

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5. Choose the brokerage you're transferring from 

M1 Finance mobile account screen which brokerage account

If you can’t find your brokerage in the dropdown, please submit a brokerage account transfer by selecting "Submit a transfer request here." 

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6. Input the account number of the account you are transferring into M1 

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7. Select the receiving M1 account  

M1 Finance mobile account screen what account should recieve the transfer

8. Review disclosures and click ‘Continue’ 

M1 Finance web account screen submit transfer

9. Confirm your brokerage account transfer 

M1 Finance web account screen transfer confirmed

Once your transfer is submitted, you will receive a confirmation email. To prepare for your incoming transfer, please review this article 

You can expect your transfer to complete 5-7 business days after submission.  

 

Web 

1. Have the correct account type open. 

Make sure you have an account open with M1 that matches the account type being transferred.   

For example: a joint account must be transferred to a joint account and a Roth IRA must be transferred to a Roth IRA. 

Learn how to open additional accounts. 

 

2. Navigate to the ‘Home’ tab 

M1 Finance web account screen move money

3. Click ‘Transfer from another brokerage’. 

4. To initiate a full brokerage account transfer, please choose “a full brokerage account” or IRA”."A tax-deferred retirement savings account” 

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5. Choose the brokerage you are transferring from. 

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If you can’t find your brokerage in the dropdown, please submit a brokerage account transfer by clicking "Submit a transfer request here." 

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6. Input the account number of the account you’re transferring. 

M1 Finance web account screen what's your brokerage account number

 

7. Select the receiving M1 account  

Please choose the account with the same account type as your incoming brokerage account for a successful transfer. 

M1 Finance web account screen which M1 account should recieve your transfer

8. Review disclosures and click ‘continue’. 

M1 Finance web account screen transfer options

9. Confirm the details of your transfer. 

Ensure that the brokerage, account number, and receiving M1 account are correct. 

M1 Finance web account screen confirm transfer details

Once your transfer is submitted, you will receive a confirmation email. To prepare for your incoming transfer, please review this article. You can expect your transfer to complete 5-7 business days after submission.  

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Partial Brokerage Account Transfer 

 

If you are requesting a partial transfer of your brokerage account, please download a recent statement from your brokerage and submit a request here. 

 

Rollovers  

Learn more about completing a rollover here.  

 

FAQ 

How long does a brokerage account transfer take? 

Full account transfers usually process in 5-7 business days. 

 

 How do I track the status of my transfer? 

You can now track the status of most full account transfers from the home screen of your account on the web or the newest version of the mobile app..  

Select “All Activity” and the status of your account transfer will be available under “Pending Brokerage Transfers.” 

Learn more about tracking your brokerage account transfer. 

 

Does M1 charge an incoming transfer fee? 

M1 does not charge an incoming transfer fee. Other brokerages may charge a fee for an outgoing transfer. Please contact your other brokerage for more information.  

Learn about any M1 fees. 

 

What securities does M1 support? 

M1 does not support trading of options, warrants, mutual funds, rights, mutual funds, cryptocurrencies, bonds, short positions, or foreign assets/currencies.  

Learn more about supported securities. 

 

If you have further questions, please contact us.  

 

 

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