You can transfer part or all of an outside account that holds securities (including an IRA) to Wealthfront. Here’s how to set up an investment transfer:
- Using the Wealthfront mobile app: Open the Wealthfront app and click the transfer icon at the bottom.
- Using the Wealthfront website: Log in to the Wealthfront from your web browser and click Transfer funds at the top.
From there, select Bring over investments or roll over 401k. You can select the account from which you’d like to transfer investments, or follow the prompts to link a new account.
Once you’ve set this up, the time to complete the transfer is 4-8 business days. We’ll provide a more specific estimate when you set up the transfer.
How does it work?
When you link your outside account to Wealthfront, we’ll let you know if we can submit the transfer electronically. We use an industry-standard protocol called ACATS (Automated Customer Account Transfer Service) to move securities electronically from brokerage accounts at another firm. You can either transfer all of the investments in that account or just the investments you specify.
In both cases, Wealthfront “pulls” the investments from the outside brokerage firm. In other words, Wealthfront sends an electronic message to the account that holds the investments. You do not need to contact the other brokerage firm.
Learn more about how we handle transferred investments here.
Will I pay a fee?
Wealthfront does not charge a fee to transfer securities in or out. However, other brokerages might.
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