Migration from Self-Directed to Managed Investment Account

Overview

The deadline to migrate a Self-Directed Investment Account to a Managed Investment Account was July 31, 2026. Customers who completed the migration moved their funds and active automations to a Managed Investment Account. For accounts that were not migrated, see the Self-Directed Investment Account closure details.

What happened when you completed the migration

The migration moved your funds to a Managed Investment Account and automatically closed your Self-Directed Investment Account. Any active automation that used your Self-Directed Investment Account as its funding source was updated to use your Managed Investment Account.

Funds typically settled in your Ramp Checking Account by the end of the next business day, moved into the Managed Investment Account on the following business day, and began accruing yield after trades settled.

For account behavior, strategies, deposits, withdrawals, and earnings after migration, see the Ramp Managed Investment Account overview.

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 J.P. 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 fund settlement. IJTXX settles trades the same day instead of the next business day. After you request a withdrawal, proceeds are typically available in your Ramp Checking Account by the end of the 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.

Open a Managed Investment Account after the migration deadline

A Ramp Checking Account is required to open and fund a Managed Investment Account. If your business does not have one, see the Ramp Checking Account overview for setup instructions.

  1. Open Banking and select New, then Investment Account.
  2. Select your short-term cash target and investment preferences.
  3. Review and accept your portfolio and account agreements, then submit your application.
  4. After the account is approved, use Move money to deposit funds from your Ramp Checking Account.

For account requirements and details, see the Ramp Managed Investment Account overview.

Frequently asked questions

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 have been retired. Customers who completed migration had their Self-Directed Investment Accounts closed automatically, and Ramp will close all remaining accounts on August 4, 2026.

What happened if I did not migrate my account?

Ramp will automatically close remaining Self-Directed Investment Accounts on August 4, 2026. You do not need to take action for the closure. See the Self-Directed Investment Account overview for details about liquidation proceeds, outstanding dividends, statements, tax documents, and automations.

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.