facebookI am currently doing DCA with a few robo Advisors to try out their UIs and after being at it for a while, I would like to consolidate to just one robo advisor. How do I consolidate my investments with Robo-Advisors from 2 of them to 1? - Seedly

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Anonymous

01 Sep 2020

Robo-Advisors

I am currently doing DCA with a few robo Advisors to try out their UIs and after being at it for a while, I would like to consolidate to just one robo advisor. How do I consolidate my investments with Robo-Advisors from 2 of them to 1?

Should I slowly liquidate my investments from one robo to the other one which I wish to continue my DCA with, or just proceed to liquidate all from one robo and do a lump sum invest into the robo which I wish to continue my DCA with? The amount which I need to move over is around $5000. Thanks!

Discussion (3)

What are your thoughts?

I think you should take note that if you are going to consolidate, I would sell and buy back immediately. Or otherwise, consider increasing DCA amount.

Sell off from one, and transfer the money over to the other.

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