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What is the minimum dollar amount required to transfer from another brokerage firm to Wealthfront?

To transfer funds from another brokerage account to Wealthfront, the minimum transfer amount is $100. We require this minimum for two reasons:

  1. The funds we invest in generally trade in increments ranging from $30 to $120, so we might not be able to invest your money if you transfer less than $100.
  2. Many other brokerage firms charge transfer fees – sometimes up to $100 – and we think you shouldn’t lose your money just because you want to switch to a new brokerage.

To move an account to Wealthfront with less than $100, follow these steps:

If your account is a taxable investment account:

  1. Liquidate your account at the current firm. Note: selling your investments is a taxable event. To learn how this may impact your taxes, consult a tax advisor.
  2. Withdraw your liquidated funds to a bank account.
  3. Log in to Wealthfront and schedule a bank transfer for an amount equal to or greater than the Wealthfront minimum ($500 for initial funding, $100 for deposits to an existing Wealthfront account).

If your account is a tax-advantaged account (e.g., 401(k), IRA, 529), we recommend consulting a tax advisor before proceeding.

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.

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