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Can I transfer securities to and from my Wealthfront account?

Yes. Unlike most automated investment services, Wealthfront supports ACATS, the industry standard method to electronically transfer securities into and out of your Wealthfront account.

Transferring an account to Wealthfront requires no help from your existing brokerage firm - simply follow the instructions found here. The ACATS system will automatically pull the account over. To transfer a Wealthfront account to another brokerage firm if you are dissatisfied with our service, simply contact them and ask them to pull it over. You will not incur a fee from us if you choose to transfer an account in or out.

The benefit of transferring an account is we will incorporate any ETFs or stocks you own that we use as part of our standard service into your new investment mix, and defer any short-term gains until they become long-term or can be offset with losses generated from our tax-loss harvesting, which should reduce the taxes you would incur upon liquidation.

Any securities not incorporated into our recommended investment mix or deferred until they qualify for long-term capital gains treatment will be sold as soon as you give us your approval and invested according to our proposed allocation. We do not charge a commission for selling securities you transfer to us.

 

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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