Moving Slices

Things to know before moving Slices 

  1. Moving Slices won’t buy or sell anything, so don’t worry about a taxable event.  
  2. Slices can’t move between Invest accounts. 
  3. To move, you’ll first select a Slice and the Pie you want to move it to. Then, you’ll adjust the target percentages in both Pies you’re moving between. 
  4. Moving Slices won’t reset an account’s cost basis or money-weighted returns. The performance of Slices that are moved will be reset. 
  5. You can’t move all Slices out of a Pie because all Pies require a minimum of one Slice. 

Moving Slices On Web:  

To move Slices in your portfolio, please use the Web platform:  

1. Under the Invest tab, select “Portfolio."  

2. Select "Edit." 

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3. Select the Slice(s) you’d like to move and then click the ‘Move’ button.  

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4. The first time you click the ‘Move’ button, a quick one-page tutorial will pop up. This is included to help you make your first Slice moves with confidence. Click ‘Got it’ or anywhere outside the tutorial to dismiss it. If you click on the learn more link, it will take you to this help center article. 

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5. Choose an existing Pie to move your selected Slice(s) to via the dropdown menu. You can learn how to create and add a new Pie here. Keep in mind, if you create a new Pie, you must save and add the Pie to your portfolio before moving slices into the new Pie.

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6. Adjust the target percentages of the Slices in the Pie you are moving Slices to. Keep in mind, these allocation changes will occur over time as money flows into your account if auto-invest is enabled. For your portfolio to reallocate your funds based on new target percentages, you may request a rebalance. Learn more about rebalancing your portfolio.  

Make sure:   

  • Each Slice is allocated at least 1%.  
  • The target percentages of all the Slices add up to 100%.   

You will not be able to continue until the total percentage equals 100%. If you do not wish to change the current percentages set in the selected Pie, you can always go back and choose a different Pie to move the slice to. 

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Keep in mind, you will also not be able to save a Pie or move Slices to a Pie with an inactive security. A security may become inactive after a corporate action. You will not be able to move an inactive security. 

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7. Update the Pie you are moving Slices from.

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8. Once you select “Continue” on the screen with the Pie you are moving Slices to, you’ll land on the Pie you are moving Slices from. You will notice that the Slices that you want to move are not displayed, they are not gone or lost. This step assures that your existing Pie will have a total of all 100% allocated once the slice is removed. Once you are done updating the Pie you are moving from, select continue. If you change your mind, you can cancel moving Slices at any time. 

Make sure:   

  • Each Slice is allocated at least 1%. 
  • The target percentages of all the Slices add up to 100%. 

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You will not be able to continue until the total percentage of your Pie equals 100%. You can only move Slices from one Pie to another Pie within the same Invest account.

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9. You’ve reached the final step! Confirm the Slices you want to move between Pies. Please read carefully to see all the changes M1 is about to make to your portfolio. The changes to the Pie you are moving from will be in the first section. The changes to the Pie you are moving to will be in the second section. Lastly, if you deleted a Slice from the source Pie, you’ll then see the next available trade window where the Slice removal will take place 

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Other things to know about moving a Slice 

  • You cannot move a Pie that has a rebalance order on it. Please cancel the rebalance order before trying to move the Pie. 
  • You cannot move a Slice that has a buy or sell order on it. Please cancel this order before trying to move it. 
  • You cannot move a Slice out of an Expert Pie. 

If you have further questions, please contact us. 

  

*Keep in mind, if you make changes to a Pie that is used multiple times in one portfolio or is used across accounts, those changes will reflect everywhere that Pie is located. These edits may cause trades in multiple accounts.   

All examples above are for informational purposes and should not be considered an offer to buy or sell certain securities. M1 does not provide investment advice. 

 

 

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