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proprietary

Q&A: Is switching brokerages a taxable event?

April 6, 2026 By Liz Weston

Dear Liz: Just moving your holdings from one broker to another should not trigger any capital gains implications if you journal over your stocks, bonds and mutual fund holdings without liquidating anything. Right?

Answer: Right, unless you’ve been sold a proprietary investment that can’t be moved to a competitor. Some brokerages create their own funds that have to be liquidated before the money can be transferred.

Filed Under: Investing, Q&A, Taxes Tagged With: brokerage, capital gains tax, proprietary

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