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How to Move a TD Ameritrade Account to Fidelity, Charles Schwab or Etrade (2019)


How to transfer TD Ameritrade account/IRA/stocks/assets/money to Ally Invest, Merrill Edge, Chase, Vanguard, Robinhood, or Firstrade



Transfer a TD Ameritrade Account to Another Firm


While TD Ameritrade has a good record of retaining clients, some investors may nevertheless decide to take their business elsewhere. Brokerage firms such as Schwab, Fidelity, E*Trade, Vanguard, Ally Invest, or Merrill Edge might receive some of these new customers. Here are the instructions to make the transfer.


TD Ameritrade ACAT/Account Transfer Fee


The paperwork for an account transfer from TD Ameritrade to another brokerage firm is handled on the incoming side. TD Ameritrade does charge $75 for full outgoing account transfers. Partial account transfers are free.


How to Move TD Ameritrade Account to Charles Schwab


In order to transfer assets to Schwab, there is a very convenient transfer form on Schwab's website. First, you need to input the name of the brokerage firm you're transferring from. In this case, it's TD Ameritrade, which can be selected below the search field. After selecting the broker's name, you then select the type of account you wish to transfer, such as a joint account, or a Roth IRA. Next, type in your TD Ameritrade account number, and select whether you want to transfer the entire account or just certain securities. Also select the specific Schwab account you're transferring to. The accounts must match. For example, an IRA cannot be transferred to a regular brokerage account. On the next screen, you will verify that the account holders are the same. Finally, you will submit the request. The process can take 3 to 6 weeks. Make sure you won't need to buy or sell during that period.


How to Transfer a TD Ameritrade Account to Charles Schwab



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How to Transfer TD Ameritrade Account to Fidelity


Fidelity also has an on-line form to make the transfer process quick and easy. The form asks for basic information, such as the broker's name, account number, and type of account. Fidelity promises that the transfer will take about five days to process. There is also a helpful FAQ that addresses common questions, such as if the transferred account has a different name, and transferring a joint to an individual account. An on-line transfer tracker is automatically updated with the progress of the submitted transfer. Customers who prefer the old fashioned method of transferring an account can alternatively fill out a pdf form and snail mail it to Fidelity. Using either method, customers must send Fidelity a recent TD Ameritrade statement.


How to Transfer a TD Ameritrade Account to Fidelity



How to Move TD Ameritrade Account to E*Trade


The E*Trade website has a user-friendly on-line form to complete an account transfer. The broker states it can take up to 10 business days to complete a transfer of securities. As with the other forms mentioned above, you want to start by selecting TD Ameritrade as the outgoing broker. Next, select the type of account, such as Roth 401(k). Then select the specific E*Trade account to transfer to. You'll also need to input the title of the TD Ameritrade account, which is simply the account holder's name. E*Trade asks for a recent TD Ameritrade statement. This document can be uploaded to E*Trade electronically. For users who need a little guidance in this process, the firm provides a helpful FAQ that covers questions such as what happens if the application is rejected.


How to Transfer a TD Ameritrade Account to Etrade



How to Transfer TD Ameritrade Account to Vanguard


Investors going to Vanguard will also find a helpful on-line form to make the move painless. After logging into the Vanguard site, type in 'Transfer Account' in the search field. The results will display the start of the form. You'll need to input the standard information, starting with the name of the sending broker. The Vanguard form also asks for the approximate value of the TD Ameritrade account to be transferred. If you're doing a partial transfer, the form will ask what specific securities you want to transfer. There's an option to save the form, which can be completed at a later time. Vanguard provides a phone number in the upper right-hand portion of the screen in case you have any questions during the process. There are also some helpful questions displayed at the bottom of the screen.


How to Move a TD Ameritrade Account to Vanguard


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How to Move TD Ameritrade Account to Merrill Edge


A TD Ameritrade account can be fully or partially transferred to Bank of America's affiliate Merrill Edge using the broker's on-line transfer form. Merrill states that it takes about 8-10 business days to complete. The same information that has already been mentioned must be entered into the form. A Merrill phone number appears on the screen for users who need any assistance.



How to Transfer TD Ameritrade Account to Ally Invest


The best priced company in this list, Ally Invest offers incentive for you to transfer your brokerage account to them. You start by clicking on their promotion link and at some point of account opening process you will be able to specify that a new account should be funded by account transfer, also called ACAT, from another brokerage - TD Ameritrade.

A recent TD Ameritrade statement must also be submitted. The process should take 5-7 business days for non-retirement accounts, and up to 2 weeks for an IRA. Ally Invest is willing to reimburse ACAT fee charged by TD Ameritrade.


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How to Transfer TD Ameritrade Assets Summary


Investors interested in moving from TD Ameritrade to another broker will have the easiest time doing so if they choose a broker with an on-line account transfer form. They won't be charged anything by the new broker, but could face a fee from TD Ameritrade.