Migration from Self-Directed to Managed Investment Account
Overview
Ramp is retiring Self-Directed Investment Accounts and moving all customers to Managed Investment Accounts. Managed Investment Accounts offer the same core functionality, plus professional portfolio management and more investment options. For a full overview of how the Managed Investment Account works, see the Managed Investment Account Overview.
Move your account by July 31, 2026
Important: You must move your Self-Directed Investment Account by July 31, 2026.
Migrating takes one step, and your existing automations carry over automatically. If you don't move your account by July 31, 2026, any remaining funds in your Self-Directed Investment Account will be liquidated and deposited into your Ramp Checking Account.
In Ramp, go to Banking, open your Self-Directed Investment Account, and select See the upgrade.
What stays the same
Your money stays in the same type of fund with the same risk profile. Your funds default to the Reserve strategy, invested in IJTXX, a JP Morgan government money market fund that invests in short-term U.S. government instruments and maintains a stable $1 NAV. Like FUGXX (the Invesco fund in your Self-Directed account), it's designed to preserve principal.
What's changing
Same-day liquidity. IJTXX settles same-day instead of next-business-day.
Your account is now professionally managed. Moment Advisors, LLC (a registered investment adviser) manages the portfolio on your behalf. To complete the switch, you'll review and sign two new agreements covering the advisory relationship with Moment and the brokerage account at Apex.
More investment options available. The Managed Investment Account has a short-term sleeve (where your funds sit by default) and a long-term sleeve that targets higher yield through fixed-income securities. You control how much goes to the long-term sleeve by setting a short-term cash target: any balance above that target gets allocated to your chosen long-term investment option. You don't have to use any of this; it's available when you want it.
Frequently asked questions
How do I transfer funds from my self-directed account?
In Ramp, go to Banking, open your Self-Directed Investment Account, and select See the upgrade. Complete this flow to move your funds and close the Self-Directed Investment Account. Moving funds through Move money does not complete the required migration.
How long does the transfer take?
T+1: Funds settle in your Ramp Checking Account by the end of the next business day if initiated before trading hours close.
T+2: Funds move automatically into the Managed Investment Account and trades begin.
T+3: Trades settle and yield begins accruing.
What's the deadline to move my account?
July 31, 2026. If you don't move your Self-Directed Investment Account by then, any remaining funds will be liquidated and deposited into your Ramp Checking Account.
What happens to my automations after I move?
Your existing automations carry over automatically. If an automation used your Self-Directed Investment Account as its funding source, we update it to your Managed Investment Account so it keeps running.
Does selling FUGXX during the transfer create a taxable event?
Because FUGXX maintains a stable $1 NAV, the redemption typically does not produce a realized gain or loss.
Can I keep my self-directed account?
No. Self-Directed Investment Accounts are being retired. After you migrate, your Self-Directed Investment Account is closed. You can't keep it open or run both accounts in parallel.
What happens to my self-directed account after I transfer?
After your funds move, we automatically close your Self-Directed Investment Account. You don't need to close it and can't transfer funds back after migrating. We update active automations funded by the Self-Directed Investment Account to use your Managed Investment Account so they keep running. For questions about fees, yield, liquidity, strategies, accounting, tax, and insurance, see the Managed Investment Account Overview.
Risk reminder
Investing in fixed-income securities involves risk, including possible loss of principal. Bond values can fluctuate due to changes in interest rates, credit quality, liquidity, and market conditions. Use of models and automation does not guarantee performance or prevent losses.