Switching from Stash to Fidelity: Will Fractional Shares Transfer?

Someone asks:

I plan on doing an ACAT transfer in a couple weeks to transfer my Stash portfolio to my Fidelity portfolio. Do you guys know if I will be able to transfer my partial shares of my investments or will Fidelity only accept full shares? Thanks!

When you initiate a transfer request from Stash to Fidelity, the fractional shares in your portfolio will likely be liquidated and turn into cash before arriving at Fidelity. Full shares can still be transferred over.


How to Transfer from Stash to Fidelity

When transferring investments from Stash to Fidelity, it’s important to make sure that the process is done correctly.

Here are the steps you need to take:

  1. Create an account with Fidelity.
  2. Go to the Transfer of Assets page.
  3. Enter Stash Investments as your current firm.
  4. Provide your Stash account number. You can find this information in your Stash’s account statement.
  5. Select your account type.
  6. Click Next.
  7. Finish the rest of the on-screen instructions and submit your request.

How long does it take to transfer from Stash to Fidelity?

When you complete the ACAT transfer request, it can take anywhere between 3-5 days to transfer your stocks from Stash to Fidelity. The longest someone had to wait was two weeks, but that is not typical.

Fidelity customers can use the Transfer Tracker to check their transfer status.

How much does it cost to transfer out of Stash?

Stash charges $75 for an ACAT transfer. This fee will be deducted from your Stash account balance.

It’s also important to note that your Stash account will be locked once the ACAT transfer process has begun.

If you’d like to get your money back, you can contact Fidelity. They may be able to reimburse you for the ACAT fee.

Community Comments:

Justin H:

I transferred from Stash to Fidelity. In my opinion, Fidelity is much better than Stash.

  • Stash has trading windows, Fidelity has real time trades.
  • Stash has fees, Fidelity does not.
  • Stash has limited equity (stock) offerings, Fidelity has entire stock market plus OTC stocks (like cannabis stocks for instance).

From what I hear Fidelity’s customer service is spectacular, even though I have not had to use it. Stash’s customer service sucks.

There are a few down sides to Fidelity but it is more related to app responsiveness and features that I think Fidelity should implement but nothing that I feel has hindered my trading, which to me is the most important part.

Fractional shares don’t transfer so I skipped the transfer + fee. I just took screenshots of all holdings in Stash, sold everything, and repurchased on Fidelity. It took a few days because I had a lot of holdings but I was able to do this pretty quickly all on my own. I have heard that Fidelity may cover the transfer fee if you’d rather go that route. I am loving Fidelity so far.

Nick P:

This morning I actually spoke to a human being about having my ACAT transfer fee reimbursed by Fidelity. With Stash, you have to jump through hoops to even email them. Stash even charges you on your way out. I think we have a winner.

Ricky C:

Stash will charge you $75. Also, if you have any fractional shares either through purchases or dividend reinvestments, I believe you can only transfer whole shares from one brokerage to the other.

Micky M:

I transferred Stash on Tuesday and I had $2020 cash in my portfolio. Basically they sold fractional shares and transferred whole shares to Fidelity. Now I have cash to invest in Fidelity account. It sucks that they sold some of my really good stocks. Now I have to wait for them to reimburse the $75 fee.

1 post – 1 participant

Hi! I'm Diego, 38, and I currently reside in New York. I work as a financial analyst. I primarily focus on initiatives involving research and data analysis.

Leave a Comment