Transferring accounts is easier than you think. No, really.
No long forms. No high fees. And help when you need it. Schwab makes it easy to transfer your stocks, mutual funds, IRAs, and more.
Three easy steps to transfer your accounts.
When you open an account with Schwab, select "investment account transfer" as your funding option. Your account will be approved and ready to fund within five business days. Then you will be able to log in and follow these easy steps in our Transfers and Payments section.
StepEnter account information
All you need is the name of the firm holding your account(s) and your account number.
StepDecide what to transfer
Choose whether you wish to transfer the entire account or only certain assets from the account.
StepAuthorize the transfer
Provide your own information to authorize the transfer.
Unlimited account transfers without the fees.
Worried about transfer fees? We're not, because we don't have any. Schwab lets you transfer as many accounts as you want for free.
Great question. You do not need to pay taxes on assets that are transferred to Schwab. If an asset cannot be transferred and you decide to sell it, then you may have a tax liability on that sale.
Most assets, such as publicly traded stocks and ETFs, mutual funds, and bonds, can be transferred to your Schwab account. Assets that may not be transferable are proprietary investments sold exclusively by your old firm, bankrupt securities, penny stocks, or restricted stocks, which can be highly volatile or carry high loads and fees.