How to Transfer Stocks Between Brokerages

I am going to explain to you how to transfer stocks between brokerages, specifically IRA's and non retirement accounts. I used to do this for a living, so it is something I know very well. This only covers one type of transfer, but it is the most common form and hopefully this will help you with your transfer process!

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[elpipi]

What about if I have open options, will those transfer as well or do I need them to expire?

[Haze]

Great video very informative!! One question when you transfer shares do you still keep your same average price?

[mathalwaysii]

What are some pros and cons of selling and then rebuying something similar when switching brokerage accounts?

[Oneholyminute]

Hello, question about this as I’m a new trader here. What if my total shares of a company are 300.5 but I purchased those 300.5 over time fractionally on different days etc, (so let’s say I bought approx 0.5 shares every day and never the full shares. Eventually it totaled to the 300.5 shares on robinhood. Now—let’s say I request to transfer my shares to another brokerage BUT I only want to transfer an even number of 300. Does the new brokerage see the 300 shares as full blocks of shares or do they see it as multiple purchases of fractional shares and will they liquidate any of this???

[marvinmontoya]

Nice content! So if i have invested my money all through fractional shares and then reach, let's say, 4.678 shares of amazon, then the 4 shares would transfer just as normal shares and the 0.678 shares would be sold and transfered as cash?

[barbarachambers]

Suppose you transfer a stock that has earned a dividend, but the dividend will not get paid until after the transfer happens. Does the dividend payment go to the original account, or does it find its way to the destination account? Or, does the transfer process stop to "wait" for the dividend to arrive at the first account before the transfer can complete to the second account?

[chauphu]

Can I transfer Roth IRA with Robinhood firms to Roth IRA fidelity ?

[tmonstergaming]

Hi Matt I have a quick question. I’m transferring a single mutual fund from Edward Jones to E*Trade. In E*trade it says action required in the ACAT status page. Who do I contact Edward Jones or E*Trade?

[Whaddle]

Hey question I’m 18 and had td Ameritrade set up for me but I moved to fidelity. My stocks haven’t fully transferred in yet but for some reason I can’t log on to td Ameritrade did they shut my acc down? Im gonna call them in the morning

[candeewilfong]

Hi-This is probably super basic, but I don't know the answer. If I transfer out of Mutual funds and into index funds, will I most likely have to pay taxes on the gains, like a sale? My intentions are to just roll it all into index funds. this is not a retirement account.

[erestualfredito]

Matt, this information works for margin accounts too? How dows it works when i have to make an ACAT transfer but I have a Margin account and not a cash account. thank.

[GreedyT]

This was super helpful, I have a question. I had 1250 shares of APXT, it’s been about 7 business days and on my td Ameritrade It only shows me 730 shares . Nocost basis info has appeared yet. But the other 530shares are still on Robinhood . Should I just wait and give it more time or is there sort of a reason some of the shares are still left behind ?

[pizza]

i did in kind transfer from wealthfront to fidelity. i now have 10 funds, but i just want a 3 fidelity fund portfolio. Not sure how to proceed.

[el-hplj]

I have 3 variable index annuities with Prudential financial flucuating around between all 3. 1 is an IRA. I want to get out of those annuities once the surrender is satisfied. can I do an in kind ransfer to Fidelity or tprice. Trying to avoid cashing out the accounts and then putting the funds back in

[aromad]

Thank you so much. This video was so helpful to me.

[Alann]

Great video! I have a question, i have an account i want to transfer 1/3 of it to another broker, 2/3 of the account is not being used and just drawing a few percent monthly while not in use but 1/3 is in mostly swing calls and a few stocks that i would like to hold for awhile. Can i do a partial transfer without selling anything? The account is a rollover ira and i opened a rollover Ira at the new broker. Thanks

[PakZa]

Any major pros/con or concerns transferring an account from M1 to Fidelity?

[aka.vivian]

Hey. Could you please check if you can put cc on? Thanks.

PS: What if I don't save a ssn? ☹

[kuzeyboy]

I didn't understand a lot of the jargon you were using - are referring to the US tax system?

[jaykenpachi]

Do you have to pay off your margin balance before you can transfer out of robinhood to another brokerage?