Most Commonly Asked Questions
Demonstrations
Walkthroughs
- How to setup recurring funding (desktop)
- How to setup recurring funding (mobile)
- How do I edit my portfolio? (Mobile)
- How to invest in a second Pie? (Mobile)
- How to invest in a My Pie? (Mobile)
- How to invest in a second Pie? (Web)
General
What is M1?
Referrals
My Account
- How do I close an M1 account?
- Is there a limit to how many portfolios can be opened under my login?
- Can I open an IRA after I already opened a standard investing portfolio?
- Can I create another portfolio under my same login?
- Can I test the M1 platform?
- Is there a portfolio minimum?
Brokerage Operations
Fees
Security
- Do you protect personal information, like social security number?
- How secure is my personal information and identity at M1?
- Are my funds FDIC insured?
- Is my money insured? What is SIPC?
- Is M1 a regulated financial institution?
- Do you store my bank credentials?
Other
My Portfolio
Dividends
Portfolio Creation
- What is an ETF?
- What is a stock?
- What should I invest in?
- How many securities can I have in my portfolio?
- Can I buy mutual funds?
- What stocks and funds are available on M1?
My Custom Pies
M1 Expert Pies
- How does the M1 backtest work?
- How are Expert Pie Performances Calculated?
- Will M1 Pies cause tax consequences?
- Does an Expert Pie have to be my entire portfolio?
- Should I use an M1 Expert Pie?
- What happens when changes are made to a M1 Expert Pie?
Performance
Statements and Confirms
Trading
General
- What happens if a stock I own is acquired?
- What happens with the cash in my brokerage account?
- What is the minimum I can invest in a single security?
- What happens if M1 no longer supports a stock I own?
- What happens if a stock I own is delisted from M1's supported exchanges?
- Will M1 ever buy and sell the same security in a day?
Trading Window
Rebalancing
Taxes
- Does M1 integrate with H&R Block?
- What causes taxable events?
- Can I import my tax form into any tax preparation software?
- Does M1 integrate with Turbo Tax?
- Will I receive a 5498?
- What’s a 5498?
Transfers
Cash
- How do cash deposits work?
- How do cash withdrawals work?
- How long does my withdrawal take?
- What do I pay for margin?
- What is margin?
- Where can I see funding history details?
Bank Connections
- How do I connect my bank account?
- I connected my bank account with my routing and account number. Now what?
- What are micro-deposits?
- Can I connect more than one bank account at a time?
- How often is my bank account balance refreshed?
- What banks do you support?
Brokerage and IRA Transfers
- What is an ACATS transfer?
- I want to transfer another brokerage account into M1 - what do I do?
- How long does a transfer from another brokerage take?
- What securities can I transfer to M1?
- I've transfered a security that is not in my M1 portfolio. What will happen?
- I want to transfer out of M1 - what do I do?
401k Rollovers
Retirement Accounts
General
- Is there a limit to how much I can contribute to an IRA?
- Can I transfer my IRA from another institution?
- How do I open an IRA?
- Should I use a Traditional or Roth IRA?
- Should I open an IRA?
- What types of IRAs does M1 Finance support?
