Transfering Holdings From One Account To Another
Summary of User’s Inquiry and Solutions Provided:
- The main problem reported by the user is the desire to transfer stock or ETF holdings from one brokerage account to another within Fidelity, without selling and rebuying the assets.
- Fidelity representatives confirmed that users can perform a “transfer in-kind” between like-registration Fidelity accounts by following these steps:
- Log in and navigate to “Accounts & Trade,” then select “Transfers.”
- Choose “Deposit, withdraw or transfer money.”
- Select the “From” and “To” accounts, then choose “Shares.”
- Click “Continue” and enter the shares to be transferred.
- It was clarified that shares transferred will maintain their original cost basis information, meaning nothing resets during the transfer.
- Additionally, it was explained that shares cannot be transferred from a non-retirement account to a Roth IRA, as contributions must be made with cash from a non-retirement account. However, assets can be rolled over from another IRA or 401(k) into a Roth IRA without affecting the annual contribution limit.
Here’s the full thread
Is it possible to transfer my stock or ETF holdings from one individual brokerage account to another? Both accounts are with fidelity under the same account. This would be more ideal than selling the holdings and rebuying them in the other account.
Hi, @N₿Aneil.
You are generally able to transfer shares between two like-registration Fidelity accounts,known as a “transfer in-kind,” by following the steps below once you are logged in.
1. Click “Accounts & Trade,” then “Transfers”
2. Choose “Deposit, withdraw or transfer money”
3. Select your “From” and “To” accounts, then choose “Shares”
4. Click “Continue,” then enter the shares to be transferred
If there is anything we can clarify or if additional questions pop up, please don’t hesitate to ask! We’re always happy to help. 🟢
Thank you! Does anything reset when shares are transferred such as average cost, etc?
You got it! The shares will transfer over as is, meaning all your cost basis information will be the same. Let us know if you have any additional questions. 🟢
If shares are transferred over to a Roth IRA, does that count towards the annual contribution limit?
Happy to chime in here, @N₿Aneil.
Contributions to an IRA can only be made with cash from a non-retirement account, you cannot transfer shares from a non-retirement account to an IRA.
On the other hand, you can roll over assets from a different IRA or an old 401(k) into your Roth IRA, but this is a completely separate process. Was this what you were looking to do?
If so, rollovers do not count towards the annual IRA contribution limit. Only cash contributions made from a non-retirement account to your IRA count towards your annual limit.
If you’re unsure, here are some resources to look over.
IRA Contribution Limits: https://www.fidelity.com/retirement-ira/contribution-limits-deadlines
Rollover IRA: https://www.fidelity.com/retirement-ira/401k-rollover-ira
Please let us know if we can be of further assistance. 🟢