How to prepare for my incoming brokerage account transfer 

To ensure your account is set up for the transfer, you will need to add the stocks and funds you are transferring to your current portfolio. Any securities you do not add to your portfolio will be liquidated and reinvested into your account.  

  

Adding stocks to your pie  

All the securities (stocks, ETFs) that you are transferring from another brokerage account must be added to your portfolio that you are transferring them into at M1.   

For example, if your current portfolio at brokerage A is:  

  • ABC  
  • XYZ  
  • JFK  

If you set up your M1 portfolio that you are transferring into to include:  

  • ABC  
  • XYZ  

JFK would need to either be added to your pie or liquidated before the transfer can be completed.  

The target percentages should be set at the weight that you would like the securities to be at in the future, but they will not impact the value of your incoming transfer.   

For example, if 25% of your portfolio is made up of XYZ and you set up your Pie to be 50% XYZ, the full value of XYZ will be transferred into M1. M1’s algorithm will simply push you towards that lower percentage allocation over time when funds are deposited or withdrawn.  

Keep in mind that each slice needs to be least 1% target allocation.  

Helpful links for editing your portfolio:  

 

Liquidating securities   

If there are any securities you transferred over but did not add to your portfolio, they will be liquidated.   

This will result in those securities being sold in the next trade window and the proceeds reinvested into your Pie.  

 

Securities that are not supported by M1  

M1 performs in-kind transfers, which transfers accounts as-is. We allow you to keep any supported securities you have at your current brokerage.   

Learn more about what securities we support.  

M1 has 6,000+ stocks and ETFs that are listed on NYSE and the NASDAQ exchanges. When a ticker isn't listed on M1's platform, it is most likely on a different stock market exchange, or did not meet our requirements in the past.   

Securities that are not supported by M1 will be liquidated.  

You can put in a request for a ticker to be added to the platform. We will let you know if our Finance team approves your request. If approved, the ticker will be listed within five business days.  

  

Transferring cash  

If you transferred in cash and do not want it automatically invested, make sure that your auto-invest is turned off.   

  

FAQ  

Will the percentages I set for my holdings affect the value of my transfer?  

The target percentages should be set at the weight that you would like the securities to be at in the future, but they will not impact the value of your incoming transfer. Remember that each slice needs to be least 1% target allocation.  

  

Can I change my percentages of my portfolio later?  

You can change the percentages in your portfolio later. This will not trigger any sales unless you delete a slice or move your allocation below 1%.  

  

Can you set up my portfolio for me?  

Unfortunately, we can’t set up your portfolio for you. But, we give you all the tools to create your own pies and add them to your account.  

  

Will I get notified before my securities are liquidated?  

You will receive an email from our transfers team, notifying you of any transferred securities that are not in your portfolio that need to be added or liquidated before trading is un-paused.  

You will have 60 days to make sure your transferred securities are added to your pie. If we do not receive a response from you within 60 days, your account will be un-paused and any transferred securities not added to your pie will be sold during the next trading window and reinvested into your portfolio. 
 

Why is my trading paused?  

Trading on your account will remain paused from the time the transfer is initiated until the time it is completed. This is to make sure that you have enough time to set up your account to avoid unwanted sells.  

  

Does M1 support mutual funds or options?  

Mutual funds and options trading are not supported by M1 and will be liquidated upon arrival.  All securities available to be included in your portfolio must be listed on either the New York Stock Exchange or NASDAQ.   

If you transferred in mutual funds, they will be sold at the end of the day and the proceeds will be placed in your cash balance for the next trade window.  

 

If you have any other questions about preparing for your transfer, please contact us. 

 

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