Unfortunately we do not yet have the ability to electronically transfer (journal) cash or securities in-kind between accounts. Journaling is more complicated than it might appear because it requires not only transferring the securities held in an account, but the cost basis information and transaction history as well. If not done correctly it can cause numerous issues for our clients, particularly those employing our Daily Tax-Loss Harvesting and Tax-Optimized Direct Indexing strategies.
The only way we can keep our fee so low for the value we provide is to only do things that are completely automated. We prioritize features that will have the most financial impact on your wealth and that will appeal to the broadest audience and electronic journaling has not yet made it. That being said, we plan on offering it before the end of 2018.
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