How to transfer accounts out of M1?

We’re sorry to see you go! 

In order to transfer your account out of M1, please contact the receiving broker (the institution where the account is going) and ask them to initiate the transfer.  

M1 supports automated customer account transfers (ACATs) that are performed by the receiving broker.

Note that there is $100 outgoing ACAT fee for all account types and additional $100 closing fee for retirement accounts. For example:

  • Transferring out your individual taxable account would incur a fee of $100.
  • Transferring out your retirement account would incur a fee of $200.

Breakdown of fees can be found at M1 Fee Schedule.

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