If your account is a retirement account, such as an IRA, 401(k), 403(b), or pension plan, you can start the process of moving those over via the “Start Rollover” button found on the Summary page of your Betterment account online. Please note you must be logged in from a web browser.
For non-retirement accounts, such as taxable, brokerage, or money market accounts, you will need to sell your shares and redeposit the funds into your Betterment account as cash via a linked bank account in your name. As this typically results in tax consequences, you can see if you have any other losses from prior years or the current year in which you can use to offset your potential realized gains.
If the non-retirement account you are transferring contains whole shares of ETFs that match the ETFs in the Digital Platform portfolio, let us know, and we can provide you with instructions on how to transfer those assets over without having to liquidate.
If you already hold assets besides cash, you may be eligible for an ACATS (Automated Customer Account Transfer Service) transfer. This is a seamless way to transfer assets at another firm to the BCJ Digital Investment Platform.
The platform supports transfers from outside brokerages using the Automated Customer Account Transfer Service (ACATS). This is also known as an “in-kind transfer.”
For non-IRA accounts, we currently accept electronic transfers (ACATS) for select ETFs; we do not currently accept shares of mutual funds or single stocks. Each electronic transfer request is subject to review by our team. We are currently offering this feature on a limited rollout. We hope to accept a wider variety of ETFs in the future.
We currently accept the following ETFs:
BND, BNDX, CMF, EMB, IEMG, IVE, IWN, IWS, LQD, MUB, NYF, SCHB, SCHE, SCHF, SHV, TFI, VBR, VCIT, VEA, VOE, VTI, VTIP, VTV, VWO, and VWOB
Depending on what you hold in your current portfolio, you may need to sell your shares and redeposit the funds into Betterment.The simplest way to fund your taxable Betterment account is by linking a checking account and making a deposit.
If you are inquiring about rolling over an IRA, 401(k), or other retirement plan, we’ll use a direct transfer process to avoid tax consequences. A direct transfer entails your current provider sending us a check of your funds directly, for your benefit.