Received securities
After a corporate action or transferring an investment account to M1, new securities are automatically received on your behalf.
These received securities are added to your account automatically but will remain outside your portfolio until you decide how to manage them.
Where to view received securities
A banner will appear on both the portfolio and holdings tabs to notify you if you have any holdings that are not in Pies. You can click or tap “View and Update” on the banner or go here.
From this page you’ll see the number of holdings not in Pies, their quantity and value, any unrealized gain or loss, and colored tags which explain where the security was received from and other helpful information like if it has been delisted or is inactive.
Types of holdings not in Pies
You have different options to manage holdings not in Pies depending on if an investment is supported at M1 or not.
M1 supported holdings
When a security that’s received is supported by M1, you can choose from the following options:
Move the security to an existing Pie
Move the security to a new Pie
Hold the security outside your portfolio
If you want to liquidate a holding outside your Pie that M1 supports, you’ll need to add it to a portfolio first.
Holdings M1 does not support
When a security that’s received isn’t supported by M1, such as preferred stock, you can choose from the following options:
Liquidate the security
Hold the security outside your portfolio
Other holdings
These received holdings are both unsupported and cannot be liquidated by M1. Examples include delisted securities, options, and bonds. You can either continue to hold these securities outside your Pie or you can contact us for possible next steps.
How to manage holdings not in Pies
Move a security to an existing Pie
Select the holding(s) you want to manage and then select “Move”
Select your existing Pie from the options provided
Adjust the target percentages of the Slices. You will not be able to save your changes until the total percentage equals 100%.
Continue and confirm
Move a security to a new Pie
Select the holding(s) you want to manage and then select “Move”
Select “Create Pie” from the options provided
Name your newly created Pie and optionally add a description
Adjust the target percentages of the Slices. You will not be able to save your changes until the total percentage equals 100%.
Select the location for your newly created Pie
Adjust the target percentages of your portfolio to accommodate the newly added Pie. You will not be able to save your changes until the total percentage equals 100%.
Continue and confirm
Liquidate a security outside your portfolio
Select the holding(s) you want to manage and then select “Liquidate”
Confirm
Liquidations of holdings not in your Pie will execute in your next available trade window regardless of other trades placed in your account. Funds will appear as cash in your account and follow your Auto-invest settings. Negative balances can’t be covered by liquidations from holdings outside your Pie.
After confirming, you’ll see a tag with “Liquidation Pending” next to each security you have confirmed for liquidation. You won’t be able to select the checkbox next to any securities tagged for liquidation.
If you decide to cancel a pending liquidation, click or tap on the security and select “Cancel Liquidation”
Holding a security outside your portfolio
No action is needed. These holdings will remain outside of a Pie.
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.
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