There comes a time when many decide to transfer out of one brokerage account and into another.
In this guide, we'll walk you through the process of transferring your stocks from Acorns to TD Ameritrade, ensuring a smooth transition.
Check out my video on how to transfer your brokerage account below, let's dive in!
Robinhood is a popular "all-in-one" investing app.
While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.
Introducing Robinhood Retirement; home of the biggest IRA match on the market.
Here's what you need to know:
And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.
Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.
Acorns collects a fee of $35 per ETF transferred, and only whole shares are available to transfer at this time.
You can avoid the fee by selling your ETFs and transferring the cash, but keep in mind this could result in taxes, investment losses and market timing risks.
The process is simple from the TD Ameritrade platform:
In order to initiate a transfer of assets, you will need your Acorns account number.
This is found on your Acorns Invest monthly statement. Here's how to get a copy of this:
Your account number will be on this statement.
Finally, initiate the ACATS transfer within TD Ameritrade.
The standard time period it takes for the transfer into your new TD Ameritrade account is about a week.
Once the transfer process begins, your Acorns account will be restricted from placing new trades.
Get 1 Free Stock Worth Up To $200 From Robinhood!
Don't Miss This Opportunity!
Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.
For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.
