can we move stock from one broker to another

Can We Move Stock from One Broker to Another?

Yes. If you’re asking "can we move stock from one broker to another" — this guide explains how to transfer U.S. securities (stocks, ETFs, many bonds and more) between brokerage accounts without selling them. You’ll learn the main transfer systems (ACATS, DRS), what transfers in-kind versus as cash, typical timelines, common restrictions (fractional shares, proprietary funds), fees, recordkeeping, troubleshooting steps, and a checklist so your transfer goes smoothly.

This article is written for beginners and intermediate investors who want practical, step-by-step guidance while preserving tax lots and minimizing market risk. Read on to find out what to prepare, how to initiate a transfer, and when to contact regulators if something goes wrong.

Common Reasons to Transfer Brokerage Accounts

People ask "can we move stock from one broker to another" for many reasons. Common motivations include:

• Lower fees or better pricing and trading spreads.
• Superior tools, research, or mobile/desktop platforms.
• Consolidation: keeping all holdings in one account for simplicity.
• Account type changes (for example, moving an IRA between custodians).
• Broker promotions or account-opening credits offered by the receiving broker.
• Concerns about service, reliability, or security at the delivering broker.

Moving assets instead of selling keeps your positions intact and avoids triggering taxable events in taxable accounts. That’s a major advantage when you want continuity of ownership and cost-basis preservation.

Key Transfer Methods

ACATS (Automated Customer Account Transfer Service)

ACATS is the standard electronic method used by many U.S. broker-dealers to move customer accounts and positions between participating firms. Managed by the National Securities Clearing Corporation (NSCC), ACATS automates most of the transfer workflow: the receiving broker initiates a Transfer Instruction Form (TIF), the delivering broker validates holdings, and positions move electronically when approved.

Typical ACATS features:

• Initiated by the receiving broker (your new broker usually starts the process).
• Standard validation windows where the delivering broker confirms the request.
• Common timeline: often 3–7 business days if there are no exceptions.
• Transfers can be full-account (entire account closes and moves) or partial (select assets move).

In-Kind vs Cash Transfers

When you ask "can we move stock from one broker to another," you’ll encounter two main transfer intent types:

• In-kind transfer: Securities move as-is (whole shares, options positions if supported). Cost basis and tax lots typically transfer with the assets. This preserves ownership and avoids sales.
• Cash transfer: The delivering broker sells positions and transfers the cash proceeds. This triggers taxable events in taxable accounts.

Pros of in-kind transfers: no taxable sale, preserves cost basis and specific tax lots, keeps dividend/DRIP settings (often). Cons: not all assets or fractional shares transfer in-kind.

DRS (Direct Registration System)

DRS registers shares directly on the issuer’s books through a transfer agent instead of holding them at a broker’s street name. DRS can be used when ACATS isn’t available or when you want direct registration. After DRS, you can request the receiving broker to accept shares into their custody.

DRS is more manual than ACATS and can be useful for specific corporate actions or when moving shares that a broker won’t accept electronically.

Manual / Paper Transfers and Non-ACATS Methods

Some assets require paper forms, transfer-agent paperwork, or specialty processes — for example, certain mutual funds, annuities, or proprietary products. Internal transfers (within the same broker) are often handled by journal entries and are quicker.

When ACATS isn’t an option, the delivering firm or the transfer agent can provide instructions for a manual transfer, which typically takes longer and may involve notarization.

Which Assets Can and Cannot Be Transferred

When considering "can we move stock from one broker to another," know which assets are typically transferable and which are commonly restricted.

Typically transferable assets:

• Whole shares of U.S. common stocks.
• ETFs listed in the U.S.
• Most corporate, municipal, and U.S. Treasury bonds.
• Many mutual fund brands (but see exceptions below).
• Options positions in many cases if both brokers support the same option assignment and margin arrangements.
• Cash and settled proceeds.

Common non-transferable or restricted items:

• Fractional shares: Many brokers do not transfer fractional shares through ACATS; they may liquidate them to cash, or require you to sell or convert them before transfer.
• Some mutual fund share classes and proprietary funds: A delivering broker may hold fund classes that aren’t accepted by the receiving broker.
• Annuities, insurance products, and some retirement plan instruments: Often require special paperwork or cannot move in-kind.
• Certain non-U.S. securities or custody-restricted instruments: These may need sale and cash transfer or special handling.
• Promotion credits, bonus cash, or features tied to the delivering broker’s platform.

Always check both brokers’ transfer policies and ask which of your specific holdings are eligible for in-kind transfer.

Eligibility and Requirements

Addressing the question "can we move stock from one broker to another" requires confirming eligibility:

• Account registration must match: same legal name, SSN/Tax ID, and ownership type (individual, joint, trust, etc.).
• Account types must be compatible for an in-kind move (e.g., IRA-to-IRA works; taxable-to-IRA generally requires a rollover or will be treated as a contribution/sale).
• Both brokers must participate in ACATS/NSCC for automated transfers. If not, manual or DRS methods apply.
• Outstanding issues (margin loans, unpaid fees, legal holds) must be cleared before a transfer can complete.

Step-by-Step Transfer Process

This section answers "can we move stock from one broker to another" with concrete steps.

Preparing to Transfer (what to check beforehand)

• Confirm the receiving account number and registration details.
• Review your positions and identify any assets that may be ineligible (fractionals, proprietary funds, annuities).
• Let pending trades settle (avoid initiating transfers with unsettled trades).
• Clear margin loans or contact the delivering broker about transferring accounts with margin loans — many firms require loans to be paid off or transferred with specialized agreements.
• Download or save recent account statements, trade confirmations, and cost-basis records.
• Ask both brokers about transfer fees (outgoing transfer fees, account-closure fees, or incoming reimbursements).

Initiating the Transfer (receiving broker’s role and the Transfer Instruction Form)

• The receiving broker typically starts the transfer by asking you to complete an online Transfer Instruction Form (TIF) or paper form.
• On the TIF, you specify whether the transfer is full or partial, and indicate whether you want in-kind or cash transfer.
• The receiving broker submits the ACATS request to the delivering broker.
• The delivering broker validates the request and either accepts, rejects, or returns exceptions.

Validation, Exceptions, and Completion

• The delivering broker has a validation window to confirm holdings and reject mismatches. Common causes for rejection include name mismatches, SSN discrepancies, or ineligible assets.
• If exceptions occur, the receiving broker usually contacts you to resolve them.
• Once validated, positions move and you should receive a confirmation. Typical completion is 3–7 business days for straightforward cases; more complex transfers can take longer.

Timing and Settlement

When you ask "can we move stock from one broker to another," timing matters:

• Typical timeline: 3–7 business days when ACATS works smoothly.
• Delays can be caused by incomplete forms, unsettled trades, margin or loan issues, ineligible assets, or name mismatches.
• Open orders at the delivering broker are usually canceled at the time of transfer. Re-enter orders after the transfer completes.
• Dividends paid during the transfer window may follow the security or be paid in cash depending on timing and broker policies.

Fees and Reimbursements

Some brokers charge outgoing transfer fees (for example, an outbound ACATS fee). Receiving brokers sometimes offer to reimburse transfer fees as a promotion for new accounts.

• Ask both brokers in writing about any transfer-related fees and any reimbursement promotions.
• Fees may include account-closure charges, paper-statement fees, or per-position fees if the delivering broker chooses to charge for manual handling.
• Keep receipts and confirmations for any reimbursement claims.

Cost Basis, Statements, and Recordkeeping

A common concern is: when we move stock from one broker to another, will cost basis carry over? In most ACATS in-kind transfers, cost-basis and lot information transfer electronically, but you should verify:

• Review the first statement after transfer to confirm cost-basis, acquisition dates, and tax lots are accurate.
• Save pre-transfer statements and trade confirmations as backup in case adjustments are needed.
• If cost-basis doesn’t match, contact both brokers and request that the delivering broker retransmit basis data via ACATS or manual files.

Accurate records are critical if you plan to sell holdings later and need reliable long-term documentation.

Special Cases and Common Problems

Fractional Shares

Many investors ask specifically: "can we move stock from one broker to another if some holdings are fractional?" The short answer: often no. Most ACATS transfers handle whole shares only. Options include:

• Sell fractional shares before the transfer and move the cash.
• Ask the delivering broker if they will convert fractional shares to whole shares or liquidate them.
• Accept a partial transfer where whole shares move and fractional shares remain (delivering broker may send cash value for fractions).

Policies vary by broker, so confirm with both firms.

Proprietary or Ineligible Funds and Products

Broker-specific mutual fund share classes, proprietary funds, or certain structured products may be ineligible for in-kind transfer. Outcomes can include:

• The delivering broker sells the position and transfers cash.
• You provide special transfer-agent paperwork for the receiving broker to accept the asset.
• The transfer is blocked until you liquidate the position.

Name/Account Mismatches and Purged Requests

Validation failures are often caused by registration mismatches or outdated information. If the ACATS request can’t be validated, NSCC rules allow purging the request after a time. Steps to avoid this:

• Ensure registrations, SSN/Tax ID, and account types match exactly.
• If the request is purged, reinitiate the transfer and correct any mismatches.
• If disputes persist, escalate to FINRA or use investor-protection complaint channels.

Open/Unsettled Trades, Margin, and Restrictions

Unsettled trades (trades not yet cleared) and margin loans can block transfers. Best practices:

• Wait for settlement windows to close before initiating transfers.
• Pay down or transfer margin loans as required.
• Remove pending corporate actions or pending deposit/withdrawal requests.

Broker-Specific Notes and Examples

While the specifics vary, here are typical practices you may encounter when you ask "can we move stock from one broker to another":

• Larger custodians often provide online TIF tools for ACATS and clearly list transfer fees on their fee schedules.
• Some broker apps allow you to start transfers in their mobile app with an identity verification step and upload of documents.
• Cash-outbound fees: a delivering broker may charge a fee for outgoing transfers. Receiving brokers may reimburse promotional fees if you meet funding or balance requirements.

Always read the receiving broker’s transfer help page for exact steps and current fees. If you plan to use crypto-related custody products, consider Bitget’s custody solutions and Bitget Wallet for integrated asset management.

Regulatory and Industry Oversight

Transfers are governed by multiple industry bodies and regulations:

• NSCC/ACATS: manages automated transfer messaging among participating broker-dealers.
• DTC: handles book-entry securities movement for many securities.
• FINRA: provides regulatory oversight and dispute channels for broker-dealer conduct.
• SEC/Investor.gov: offers general investor guidance and complaint mechanisms.

If a transfer fails and a broker does not resolve the issue, you can escalate through FINRA arbitration or file complaints with the SEC’s Investor.gov complaint portal.

Tax and Financial Considerations

Transfers themselves are generally non-taxable events when they are in-kind and the ownership stays with the same taxpayer. Important notes:

• In-kind ACATS transfers do not trigger taxable sales in taxable accounts.
• If assets are sold to facilitate a transfer, that sale is a taxable event and must be reported.
• Verify cost-basis continuity after transfer to ensure accurate reporting on later sales.
• For IRA-to-IRA transfers, the movement preserves tax-deferred status when done correctly.

For complex tax questions or large portfolios, consult a tax advisor.

Best Practices and Checklist Before You Transfer

When you want to know "can we move stock from one broker to another" — use this checklist:

• Confirm both account registrations match exactly.
• Identify assets that may not transfer in-kind (fractionals, proprietary funds).
• Let unsettled trades settle.
• Pay off or make arrangements for margin loans.
• Download pre-transfer account statements and trade confirmations.
• Ask both brokers about transfer fees and reimbursements; get offers in writing.
• Decide full vs partial transfer and in-kind vs cash intent.
• Initiate the transfer with the receiving broker and monitor status.
• After completion, verify cost basis, holdings, and pending corporate actions.

Frequently Asked Questions (FAQ)

Q: Can we move stock from one broker to another without selling?

A: Yes. Most U.S. stocks, ETFs, and many bonds can be transferred in-kind via ACATS, avoiding a sale and preserving cost basis.

Q: Can I transfer partial positions?

A: Yes. You can request partial transfers for specific positions. Fractional-share handling may vary; whole shares typically transfer.

Q: Will I lose my cost basis when I move stock from one broker to another?

A: Cost basis usually transfers with in-kind ACATS requests, but verify on your first post-transfer statement and keep pre-transfer records.

Q: How long does it take to move stock from one broker to another?

A: Typical ACATS transfers range from 3–7 business days if there are no exceptions. Complex cases or manual transfers can take longer.

Q: Can I move an IRA into a taxable account via ACATS?

A: Not directly. Moving from IRA to taxable involves distribution rules and tax considerations; speak with the brokers and a tax advisor.

Troubleshooting and Escalation

If your transfer is delayed or incorrect, follow these steps:

1. Contact the receiving broker for status and to request an ACATS trace.
2. Contact the delivering broker to confirm they received the request and if any exceptions exist.
3. Provide documented proofs: account statements, correspondence, and screenshots.
4. If unresolved, escalate to FINRA or file a complaint with the SEC/Investor.gov. Keep all records of conversations and timestamps.

References and Further Reading

Sources used to compile this guide include industry and investor-education resources and broker support pages. For the most up-to-date rules and policies, consult the receiving broker’s transfer documentation and the regulators listed above.

Notable references:

• Investopedia: guides on ACATS and transfers.
• NerdWallet: step-by-step transfer guidance.
• Bankrate and The Motley Fool: practical checklists and transfer tips.
• NSCC/ACATS and SEC/Investor.gov: regulatory guidance and complaint procedures.
• Broker support pages and transfer help centers for account-specific rules.

Industry context (time-sensitive): As of Jan 16, 2026, according to CryptoSlate, institutional flows (for example, U.S. spot ETF flows) and regulated market plumbing are increasingly shaping how digital-asset access and custody are mediated through brokerages and custodians. This illustrates how traditional brokerage infrastructure (including transfers and custody workflows) remains central to institutional and retail access to regulated instruments — a useful perspective if you’re comparing transfer policies for tokenized or regulated crypto products versus traditional securities.

Appendix: Sample Transfer Scenarios

Scenario 1 — Full ACATS transfer of a taxable account

• Situation: You open a new account with a different broker and request a full in-kind ACATS transfer. All whole-share positions move, cost basis transfers, and the old account is closed. Timeline: 3–7 business days if no exceptions.

Scenario 2 — Partial transfer with fractional shares

• Situation: You request a partial transfer of certain stocks. Some holdings have fractional shares. The receiving broker accepts whole shares; the delivering broker liquidates fractional shares and transfers the cash value. You receive confirmation and reconcile differences with pre-transfer statements.

Scenario 3 — IRA custodian transfer

• Situation: You transfer an IRA from one custodian to another via trustee-to-trustee transfer. The transfer is non-taxable if done correctly. Some investments may be ineligible for in-kind transfer depending on custodian policies and must be liquidated.

Scenario 4 — Mutual fund with proprietary share class

• Situation: One of your mutual funds is a proprietary share class not supported by the receiving broker. Options: sell and transfer cash, request a transfer-agent-assisted move, or convert share class if possible before transfer.

Additional Notes on Digital Assets and Brokerage Transfers

This article focuses on traditional brokerage securities transfers in the U.S. Crypto custody and exchange transfers use different systems (on-chain transfers, custodial wallets). If you hold tokenized securities or custody solutions through regulated brokerage wrappers, consult your broker’s documentation for tokenized asset transfer rules.

If you use custodial or hybrid custody products, Bitget provides integrated wallet solutions and custody features. Consider Bitget Wallet for managing on-chain assets and Bitget’s custody services for integrated brokerage-style custody of tokenized instruments.

Final Checklist and Next Steps

If your question is "can we move stock from one broker to another," the short practical answer is: yes in most cases, using ACATS or alternative methods. Before you start:

• Match account registrations exactly.
• Review holdings for ineligibility (fractionals, proprietary funds).
• Settle trades and handle margin loans.
• Start the transfer with the receiving broker and monitor the ACATS status.
• Keep pre- and post-transfer statements to verify cost basis and tax lot continuity.

Ready to move forward? Start by contacting your chosen receiving broker to open the account and submit a Transfer Instruction Form. If you’re exploring custody or wallet options for tokenized or crypto-native assets, learn more about Bitget custody features and Bitget Wallet to see how integrated custody and transfer workflows can support your portfolio.

Further assistance: contact your receiving broker’s transfer desk and keep copies of all confirmations. If problems remain unresolved, you can escalate through FINRA or file a complaint via SEC investor channels.

Happy transferring — and remember to document everything so your cost basis and tax records stay accurate.