Transfer stocks from Robinhood to Fidelity

Amazon
magaKimaka

Go to company page Amazon

magaKimaka
Jan 9, 2021 16 Comments

Want to do this for like 90% of the portfolio on RH but still like the convenience of the platform.
Has anyone done this and is still able to trade on RH? Last I heard the close the account when someone does this.
Appreciate the help. Thanks

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TOP 16 Comments
  • NVIDIA
    bwywb

    Go to company page NVIDIA

    bwywb
    I did it to TD Ameritrade. You can transfer your whole account or only partial assets. If you transfer the whole, your RH account will be deleted. If you do a partial transfer, it remains active. If you want to keep your RH account, just do a partial transfer, but buy a share from some random penny stock to leave in the account. This way you moved what you wanted and after the partial transfer you still have your account and can just sell the share of the penny stock.
    Jan 9, 2021 3
  • Moody's
    9@Alita

    Go to company page Moody's

    9@Alita
    Did you pay the $70 fee when you transferred?
    Jan 9, 2021 1
  • Google
    pEIe22

    Go to company page Google

    pEIe22
    Why would you want to do this? Just want to know. I am a long time user of RH, $100K invested. Haven't had any issues. Please don't give the reason that you think its not good because folks say so :)

    PS: Like your ID :D
    Jan 10, 2021 6
    • Amazon
      magaKimaka

      Go to company page Amazon

      magaKimaka
      OP
      I highly recommend getting the will/beneficiary figured out (even if its your parents/siblings)
      I recently came across a horror story because it wasnt clear who was the beneficiary for the person who passed away! It got complicated for the account holder’s parents. Because you understood my username, just trying to convey, international settlements can be a pain.
      Jan 10, 2021
    • Google
      pEIe22

      Go to company page Google

      pEIe22
      Good suggestion. Will follow up on it.
      Jan 10, 2021
  • Uber
    ajs4818

    Go to company page Uber

    ajs4818
    Sounds like a tax nightmare
    Jan 10, 2021 1
  • Oracle
    tbAq75

    Go to company page Oracle

    tbAq75
    Looking to do the same. But I was thinking: Couldn’t you just open an account again?
    Jan 9, 2021 0