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How can I move my assets to Wealthfront if my other institution doesn’t support electronic transfers for my taxable account?

If your other institution is unable to transfer your account through the industry-standard Automated Customer Account Transfer Service (ACATS) we will not be able to request the funds on your behalf.

If you wish to proceed with the transfer:

  1. Liquidate your existing account and move the funds to your bank account.
  2. Transfer the cash from your bank account to Wealthfront by logging in to Wealthfront and clicking “Deposit Cash” on the dashboard.

Please note that this may be a taxable event. If you have questions about how this may impact you, please consult your tax advisor.

Nothing in this blog should be construed as tax advice, a solicitation or offer, or recommendation, to buy or sell any security. Financial advisory services are only provided to investors who become Wealthfront Inc. clients pursuant to a written agreement, which investors are urged to read carefully, that is available at www.wealthfront.com. All securities involve risk and may result in some loss. For more information please visit www.wealthfront.com or see our Full Disclosure. While the data Wealthfront uses from third parties is believed to be reliable, Wealthfront does not guarantee the accuracy of the information.

This article is not intended as tax advice, and Wealthfront does not represent in any manner that the outcomes described herein will result in any particular tax consequence. Prospective investors should confer with their personal tax advisors regarding the tax consequences based on their particular circumstances. Wealthfront assumes no responsibility for the tax consequences to any investor of any transaction. Investors and their personal tax advisors are responsible for how the transactions in an account are reported to the IRS or any other taxing authority.

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