Migration from Self-Directed to Managed Investment Account

Overview

Your Self-Directed Investment Account is becoming a Managed Investment Account. For a full overview of how the Managed Investment Account works, see the 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 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.

How to migrate

2. Click here to switch
3. Select the Government Money Market for the short term strategy

Frequently asked questions

How do I transfer funds from my self-directed account?

Transfer directly in one step via Move money. Behind the scenes this is two transfers (Self-Directed Investment Account → Ramp Checking Account → Managed Investment Account), but you only submit one request.

How long does the transfer take?

T+1: Funds from the Self-Directed account settle into the Ramp Checking Account by end of the next business day, if initiated before trading hours close.

T+2: Funds move automatically into the Managed account and trades are initiated.

T+3: Trades settle. Yield begins accruing from this day forward.

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?

For now, yes. Both accounts can run in parallel and you can move funds between them.

What happens to my self-directed account after I transfer?

It stays open. You can transfer funds back into it or leave it with a zero balance.

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.