As your financial life evolves, your goals may shift. You might decide that capital originally allocated for a "New Car" is better served in your "Retirement" bucket, or perhaps you wish to reallocate excess funds into a different strategy.
Currently, there is no functionality to directly transfer funds from one investment Account to another (e.g., from Account A to Account B).
To reallocate funds, you must follow a strictly defined withdrawal and deposit process.
The Procedure: The Bridge Method
Since direct internal transfers are not supported, you must use your linked external bank account as a bridge.
Step 1: Withdraw from the Source
Navigate to the account you wish to take money from (Account 1) and initiate a withdrawal to your linked bank account.
- The Wait: You must wait for the trade to settle and for the funds to clear into your bank account. This typically takes 4–6 business days.
Step 2: Deposit to the Destination
Once the cash has successfully landed in your checking account, log back in to your dashboard.
- The Action: Navigate to the account you want to move money into (Account 2) and select "Deposit."
Considerations
While this process is straightforward, it involves liquidating assets, which introduces specific timing and tax implications.
1. Time Out of the Market
Because you are withdrawing to a bank and then re-depositing, your money will be uninvested (held as cash) for roughly a week during the transition.
2. Tax Considerations
Even though you are planning to immediately reinvest the money, the IRS views the initial withdrawal as a taxable event.
Taxable Accounts: Selling assets in Account 1 to move them to Account 2 will trigger Capital Gains or Losses. You will be responsible for taxes on any profit made in Account 1. Speak to a tax specialist when making these decisions.