Explanation of fractional shares

A fractional share is equity in a security that is less than one full share. M1 splits every share into 1/100,000th of a share so you can trade exact amounts of each based on the targets set in your portfolio.

 

If you choose to transfer your account to another broker-dealer, only the full shares are guaranteed to transfer. Fractional shares will be liquidated and transferred as cash following the outgoing transfer.

 

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M1 disclosures here.

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