Fund your Principal® SimpleInvest account

Fund your Principal® SimpleInvest account

There are 2 different ways to add money:

Add money from your bank

Transfer money via ACH

  1. Log in to your Principal® SimpleInvest account
  2. Navigate to the Transactions tab.
  3. Select "Link a bank" and follow the instructions to link your bank account to your IRA, if you haven't done so already.
  4. Select "Transfer Funds" and then "Deposit."
  5. Enter the amount, frequency, transfer date, and contribution year.
  6. Click "Continue," review deposit details, and click "Confirm."

You will see the funds in your Principal® SimpleInvest account when the ACH is complete.

Mail a check

  1. Make a check payable to: Apex Clearing Corporation FBO [Your Name].
  2. Write your Principal® SimpleInvest account number on the memo line.
  3. Complete a Principal® SimpleInvest Deposit Slip.
  4. Mail the completed Deposit Slip and check to:
    Apex Fintech Solutions
    PO Box 133069
    Dallas, TX 75313
    Attn: Banking Department

You will see the funds in your Principal® SimpleInvest account when the check and the deposit slip have been received.
Rollover or transfer another retirement account

Request a former employer's retirement account

  1. Contact your current provider to inform them you want to process a rollover and ask what their requirements are.
  2. Request your funds to be sent, by check made payable to: Apex Clearing Corporation FBO [Your Name] with your Principal® SimpleInvest account number in the memo line.
  3. Request the rollover check be mailed to:
    Apex Fintech Solutions
    PO Box 133069
    Dallas, TX 75313
    Attn: Banking Department
  4. Complete a Principal® SimpleInvest Deposit Slip.
    Make sure under Contribution Information the ** Rollover Contribution - Direct or 60-Day is marked.
  5. Upload the completed Deposit Slip to your online account or email it to AdvisedServices@principal.com.
    Refer to the below instructions to upload documents online.
    1. Login to your account at www.principal.com
    2. Select your Principal® SimpleInvest account
    3. Go to the documents tab
    4. Select Upload and upload documents to a new folder you create called "Rollover"

You will see the funds in your Principal® SimpleInvest account when the rollover check and deposit slip have been received.

Transfer an Individual Retirement Account (IRA)

  1. Contact the other financial institution and request your account to be liquidated to cash for an account transfer.
  2. Complete the Principal® SimpleInvest transfer form. Refer to instructions for completing the fields within this form.
    • Your Account Information section: Principal® SimpleInvest account information
      Account Title: name on your account as it appears on your statement
      APEX Clearing Number: Principal® SimpleInvest account number beginning with 8TA
    • Transferring Account Information section: account being transferred
      Account Title: should be listed the same as on your statement
      Transfer Type: Liquidate all assets & transfer in cash
  3. Upload the Principal® SimpleInvest transfer form and a copy of your most recent statement to your online account. Refer to these instructions to upload documents online.
    1. Login to your account at www.principal.com
    2. Select your Principal® SimpleInvest account
    3. Go to the Documents tab
    4. Select Upload and upload documents to a new folder you create called "Transfer In"
  4. We will work with the other financial institution to request the funds on your behalf and reach out to you if anything else is needed.

You will see the funds in your Principal® SimpleInvest account when the transfer is complete.

* The maximum deposit amount for electronic rollovers is $50,000/day.

Principal® SimpleInvest is a discretionary investment advisory program that offers diversified investment portfolios for a fee. Principal® SimpleInvest is sponsored and managed by Principal Advised Services, LLC, which consults with Principal Global Investors, LLC in the creation of the portfolios and the selection of the underlying portfolio investments. Principal Global Investors, LLC also provides trading and execution services. Principal Advised Services, LLC and Principal Global Investors, LLC are members of the Principal Financial Group®. Brokerage and custodial services provided by Apex Clearing Corporation, member FINRA, NYSE and SIPC. Apex Clearing Corporation is not affiliated with any member of the Principal Financial Group®. Principal® SimpleInvest portfolios are comprised primarily of Principal® products, including affiliated mutual funds and ETFs.

Please refer to the Form ADV Wrap Fee Brochure, Form ADV Advice Brochure and Form CRS for Principal Advised Services, LLC, the Miscellaneous Fee Schedule for Apex Clearing Corporation, and other applicable disclosures and agreements for important information about Principal® SimpleInvest and its services, fees and related conflicts of interest. All investments have inherent risks. Investing in Principal® SimpleInvest portfolios does not guarantee profit or protect against loss.

Principal®, Principal Financial Group® and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and services marks of Principal Financial Services, Inc., in various countries around the world.