TD Ameritrade 300

How To Move Other Brokerage Account Into TD Ameritrade in 2021


Instructions on how to transfer your existing brokerage account stocks, ETFs, mutual funds, money, portfolio positions or rollover IRA into TD Ameritrade in 2021.



How to Transfer a Brokerage Account or IRA to TD Ameritrade


If your current brokerage firm isn’t living up to your standards and you want to move your account to TD Ameritrade, you’ve come to the right place. The process isn’t that difficult. Just follow our simple instructions, and you’ll be set up with a new TD Ameritrade account with all of your investments included in no time.


First, Open Your TD Ameritrade Account


To get the ball rolling, the first move you need to take is on the receiving end. You’ll need to open a TD Ameritrade account. To make everything go smoothly, you have to open the same type of account as you’ll be moving.

For example, if you have a Roth IRA that you want to transfer to TD Ameritrade, you must open a Roth IRA. If you have a taxable joint account, you need to open a taxable joint account. Because TD Ameritrade offers many types of taxable and retirement accounts, you should have no problem finding an account that matches what you currently have.

When you'll begin account application, in the left-hand column you’ll find a list of account types. Click on the category you’re interested in, such as “Retirement” or “Individual brokerage.” Then choose the account type, such as “Rollover IRA.” Just follow the instructions, and your new account will be open and ready for funding right away.


Open TD Ameritrade Account



Open TD Ameritrade Account



Second, Start a Transfer From Within Your New TD Ameritrade Account


Once you have your new TDA account up and running, you’ll want to fund it. You’ll do that by transferring your old account into your new account.

There are several ways you can do this. We recommend the simplest, which is an electronic transfer via the Automated Customer Account Transfer (ACAT) Service.

To start an ACAT transfer, you’ll need to log into your TD Ameritrade account. Once inside, click on “My Account” in the top menu. In the drop-down window that appears, select “Deposits & Transfers.”


Transfer Account Into TD Ameritrade


You’ll be presented with a new page with a list of transfer options. One is “Account transfer from another brokerage.” When you select this option, you’ll be able to electronically transfer an entire account or just certain securities. For the latter choice, you’ll be able to select the individual securities you want moved.

The online form only takes about 5 to 10 minutes to fill out and submit. You will need a copy of your most recent account statement with your old brokerage firm.

You also must be listed as an owner on the old account. TD Ameritrade does not accept transfers from third parties.

The transfer takes anywhere from a few days to a month and a half. In most cases, it’s just a few days. If there’s a problem, it could take longer, though.


IRA Rollovers


If you have an old employer’s retirement plan, such as a 403b or 401k, you’ll need to select “Rollover” instead of “Account transfer from another brokerage.”

For this type of transfer, you can’t complete an electronic form. Instead, you have to begin the process with the administrator of the old account. For regular transfers, you begin with the new firm. But with rollovers, you have to do it the opposite way. You’ll have to contact the administrator for the plan and request a rollover.

For assistance from TD Ameritrade, check out the broker’s Rollover Pocket Guide.


Pricing


TD Ameritrade charges nothing to receive a transfer or IRA rollover. The financial firm sending the transfer may, however. Fees range from $0 to over $100. For example, Fidelity charges nothing to transfer an account to another broker; while WellsTrade charges $95.


Open TD Ameritrade Account



Open TD Ameritrade Account



Alternative Methods


If you don’t want to use the ACAT service, you could instead sell all securities in your current taxable brokerage account and then transfer the cash. TD Ameritrade has an ACH transfer tool. The broker will also accept a wire transfer or a check deposit.

For the retirement rollover, you could select either direct or indirect. With the latter method, the HR department with your old employer will close your account and write you a check. You then have up to 60 days to deposit funds into your new TD Ameritrade IRA.