M1 performs in-kind transfers, which allow you to bring over any supported securities you have at your current brokerage.
M1 only supports securities that trade on major stock exchanges to ensure liquidity.
If you initiate a transfer of a security not supported by M1, the received security will display outside your Pie. You may either keep this security outside your Pie or request to liquidate.
M1 can only transfer full shares. Any fractional shares will need to be liquidated at your current brokerage.
|Can I Transfer to M1?||Can the security be traded?|
|Supported Exchange traded funds (ETFs)||Yes||Yes|
|Directly registered shares, i.e. transfers from Computershare, EQ, AST||Yes||Yes***|
|Unsupported stocks/ ETFs*||Yes||No, will display outside your Pie|
|Mutual funds||Yes||No, liquidation on arrival**|
|Options||Yes||No, keep until expiration|
|Treasury securities||Yes||No, keep until maturity|
|Corporate bonds||Yes||No, keep until maturity|
*If you are unsure whether we support a specific security, you can log into M1 Finance and search for the security on the Research tab. We charge to liquidate some securities that are transferred to M1. Please refer to our fee disclosures for liquidation fees.
***Can be traded if shares of Supported stocks. Apex Clearing charges $115 per directly registered holding transferred to M1 Finance.
If you have further questions, please contact us.