Menu

Updated

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.

Was this article helpful?

Wealthfront prepared this article for informational purposes and not as an offer, recommendation, or solicitation to buy or sell any security. Wealthfront and its affiliates may rely on information from various sources we believe to be reliable (including clients and other third parties), but cannot guarantee its accuracy or completeness. See our Full Disclosure for more important information.

Wealthfront and its affiliates do not provide tax advice and investors are encouraged to consult with their personal tax advisor. Financial advisory and planning services are only provided to investors who become clients by way of a written agreement. All investing involves risk, including the possible loss of money you invest. Past performance does not guarantee future performance.