Transferring existing investments to Acorns is indeed possible, but it primarily depends on the types of investment accounts you hold and their compatibility with Acorns. Acorns allows users to link various investment accounts like brokerage accounts, retirement accounts, and more. However, direct transfers in the way that you might envision, such as moving your stocks or bonds from another investment platform to Acorns as individual securities, may not be feasible.
Instead, what generally happens is that users can sell their existing investments in their current accounts and then transfer the cash to Acorns to reinvest within the platform's framework. Acorns operates on a round-up investment model, where spare change from everyday purchases is invested, along with any direct contributions that users choose to make.
For a smooth transfer process, it can be helpful to check Acorns' current guidelines on linking or transferring accounts or to look up necessary information on their website. They should have the specific details you need for your situation readily available.
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