You can transfer an account into your Ally Invest account by submitting the Brokerage Account Transfer (ACAT) (PDF). You'll also need to submit a recent statement of the account that you want to transfer in. You can fax these documents to us at 1-866-699-0563. You can also mail them to us.
Account transfers normally complete in 5 to 7 business days. Also, it is necessary that the account at the other broker and the account at Ally Invest are of the same kind (for example, individual, joint, IRA).
Please note that after an account transfer has been processed, it can happen that some assets have remained in the account at the carrying firm. This is quite common, for example, with interests that were not yet in the account at the carrying firm when the transfer completed. For this purpose, our clearing firm performs automatic residual sweeps every 2 weeks to catch what might have not transferred the first time around.
We do not charge for incoming ACAT transfers. Incoming DRS and DWAC transfers are subject to a $30 transfer fee per position and up to a $150 transfer agent fee per position.