SoFi Invest is capable of receiving assets directly from another brokerage account if that brokerage firm is ACAT (Automated Customer Account Transfer) eligible. If you are not sure they are ACAT eligible, or if you have questions about their transfer out fees or process, please contact your current brokerage firm.
We do not charge any fees to transfer an investment account INTO SoFi Invest!
To start an ACAT: Using the SoFi Mobile App, log into your account and click into the 'Transfer Account' page.
You will be able to search for the name of the firm your assets are currently held. Plaid will request you to login with your username and password for that firm. You will then follow the steps to complete the transfer request.
The ACAT transfer request may take 1-2 weeks to finalize.