Yes, you can easily move your portfolio from Cash App Investing to Fidelity. Here's a step-by-step guide:
- Initiate Transfer: Contact your receiving broker, in this case, Fidelity, to initiate the transfer. They will provide you with the necessary instructions.
- Complete Transfer: Once you've initiated the transfer, Fidelity will handle the process, including contacting your current broker, processing the transfer request, and depositing the assets into your Fidelity account.
- Verify Completion: After the transfer is complete, you can log in to your Fidelity account to verify that the assets have been successfully transferred.
It's important to note that ACATS transfers can only handle whole shares, so any fractional shares or whole shares not eligible for transfer will remain in your Cash App Investing account. Additionally, there may be fees associated with the transfer, such as a $75 fee for outbound stock transfers1.