Making the Move: A Guide to Transferring Investment Accounts
Transferring investment accounts from one provider to another can seem daunting, but it doesn’t have to be. Whether you’re just considering a move or ready to take the leap, Betterment is here to help make the process seamless and stress-free.
There are different methods for transferring accounts, depending on your situation and the cooperation of your old provider:
- ACATS: Easily transfer taxable and retirement accounts by connecting your old provider to Betterment. The process is quick and typically takes less than a week.
- Direct Rollover/Transfer: Some retirement accounts may require a check to be mailed, which can take 3-4 weeks. Betterment provides step-by-step instructions for initiating this process.
For those with $20k or more to transfer, our Licensed Concierge team is available to assist with the decision-making process and facilitate the transfer at no cost.
The Betterment Licensed Concierge Experience
Our Concierge team follows a three-step process to guide you through the transfer:
Step 1: Assessment
We start by understanding your financial goals, evaluating your current accounts, assessing risk exposure, and analyzing fees. This information helps us determine how Betterment can help you achieve your goals.
Step 2: Analysis and Action
For taxable accounts, we provide a personalized tax-impact analysis to show potential capital gains taxes and break-even points. If you decide to transfer to Betterment, we assist in every step of the process.
The mechanics of moving accounts:
We identify assets that can be transferred “in-kind” to Betterment, handle liquidation of assets if needed, and use the ACATS method for quick fund transfers.
Step 3: Moving Day
Once you’re ready to move, we help optimize your Betterment account, assist with setting up goals, and implement your transfer plan. We provide regular updates and ensure a smooth transition of your assets or funds.
Ready to Make the Switch?
Transferring accounts to Betterment is made easy with our step-by-step process and dedicated Concierge team ready to assist with larger transfers. Let us help give your old assets a new life at Betterment, and make the transition to a new advisor a breeze.