![]() Choose TD Ameritrade as the brokerage you are transferring from and input the account number of your TD Ameritrade account. Click “Transfer from another brokerage” and select “An entire brokerage account or IRA” or “A 401(k), 403(b), or 457(b)”. Next, log in to your M1 account and navigate to the “Move Money” tab on the Home page. ![]() You can do this from the same screen you are initiating the account transfer from. Transferring your brokerage account from TD Ameritrade to M1 is a simple process. ![]() We’ve made it easy for you to transfer from TD Ameritrade to M1 You can be fully invested at M1 based on your own strategy and preference with no commission fees 3 and without someone else making decisions on your behalf.Īs M1 is quick to innovate and institutions are slower to adapt, digital private banking can offer a cost-effective alternative to traditional private banking options. These services include access to lower borrowing rates, higher saving accounts rates, and cash back on checking all at zero to low fees.Īdditionally, digital private banking allows for greater control and customization over investments, and the use of automation tools can make managing finances more efficient. Private banks have traditionally been reserved for high-net-worth individuals, but digital private banks can provide many of the same products and services at a lower cost. M1 was founded to disrupt big banks and their more exclusive private banks. We know that a digital private banking experience can benefit more people. While consolidation may make financial sense for large firms, it doesn’t necessarily mean improvements or better choices for their customers. M1 is built on independenceĪcross the industry, consolidation is forcing investors to make unplanned changes to their financial arrangements. Low margin ratesīorrow against your investments without the extra paperwork at some of the lowest rates on the market. We’re currently offering 7.25% APR, two to three times lower than our competitors’ rates. Fractional shares allow you to buy into higher-priced stocks, so you get most of the benefits from owning blue-chip stocks without having to commit a ton of money. Unlike Schwab, which limits fractional shares to S&P 500 stocks, M1 lets you buy fractional shares for all stocks and ETFs so you can diversify your portfolio with ease and invest as much or as little as you want. We offer extensive portfolio customization designed for experienced investors who want to automate their strategy while still aligning with their personal preferences, risk tolerance, and diversification goals. That means you can invest cash into your Pie and maintain your investment targets automatically without any manual calculations. With Auto-Invest, M1 intelligently allocates money from every deposit to keep your portfolio balanced to the percentages you initially set. Whether you’re saving for retirement, looking to buy a home, or simply want to grow and protect your wealth, M1 can help you make the most of your money. Our platform offers a wide range of financial products that can help you invest, borrow, spend, and save money in ways that are tailored to your unique financial goals and needs. M1 believes you should make your own decisions about how you invest, including where you move your account. Maximize your money with an automated platform While the automatic switchover from TD Ameritrade to Schwab will happen later this year, you don’t need to wait to switch to M1 now 3. That’s a lot more than the nothing you’ll get from Schwab. We are offering up to a $10,000 investing bonus for those moving to M1. We’ll even reward you with an investing bonus.Īnd now there’s even more reason to switch with launch of the M1 High-Yield Savings Account with 5.00% APY 1 and FDIC insurance up to $5 million 2 in coverage for M1 Plus members. Switching is easy and can be set up in just a few clicks. We’ve built a financial platform offering personalized portfolios that you can manage with intelligent automation, some of the best rates, and complete control over your finances – similar to having your own digital private bank. Now is a good time to explore your options instead of being forced to a new platform you didn’t choose. This means you’ll have to learn how to use a completely new product and platform. ![]() ![]() As a TD Ameritrade client, you can expect your account to be moved to Charles Schwab sometime in 2023. ![]()
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