When it comes to transferring your investments from Charles Schwab to Fidelity, it’s important to understand the process and what to expect. The following instructions will help make the process as smooth as possible.
- Create an account with Fidelity.
- Go to the Transfer of Assets page.
- Under Select your current firm, choose Charles Schwab.
- Pick one of the following information that matches your Charles Schwab statement: 8 digits account number, social security, or your account number ends in G.
- Click Next.
- Enter your Charles Schwab account number and select your account type.
- Finish the rest of the on-screen instructions.
Once your transfer request has been submitted. Fidelity will contact Charles Schwab to move your assets out and into Fidelity.
This depends on your account type and the complexity of your current investments. It usually takes 3-5 business days for Fidelity to transfer everything over to their firm.
In the meantime, you can access the Transfer Tracker tool to keep an eye on the progress.
Charles Schwab may charge you a small fee for moving out of their firm.
Fidelity should be able to reimburse you for the outgoing ACAT fee that your current broker charges.
You should be able to transfer the following assets over to Fidelity:
- Mutual Funds
- Option contracts
Options expiring in 5 days will likely stay in your Charles Schwab account until expiration.
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