How To Transfer Assets From Betterment To Vanguard 2024

When it comes to managing investments, investors may decide to transfer their assets from one platform to another for various reasons.

If you're considering moving your investments from Betterment to Vanguard, we will show you how.

In this article, we'll outline a step-by-step guide, detailing how to transfer assets from Betterment to Vanguard.

Betterment charges a $75 flat fee for each outbound transfer.

Check out my video on how to transfer your brokerage account below, let's dive in!

Learn More: Robinhood Retirement 3% Match

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

Introducing Robinhood Retirement; home of the biggest IRA match on the market.

Here's what you need to know:

• Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
• All Robinhood investors will get a 1% Match on what they Contribute or Transfer
• Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

Best Free Stock Promotions

Brokerage	Promotion	Link
	1 Free Fractional Share Worth Up To $200	Learn More
	Earn Up To 75 Free Fractional Shares	Learn More
	7 Free Stocks When You Deposit $100+	Learn More
	$20 Bonus When You Invest $5+	Learn More

Transfer Options

The initial step involves deciding how you want to transfer your investments.

Betterment offers two primary options:

1. Liquidating the entire portfolio
2. In-kind transfer to another account at a different firm

While liquidating might seem like the easiest option, it potentially incurs capital gains taxes.

Opting for an in-kind transfer helps avoid immediate tax implications.

In-Kind Transfer

If you've decided on an in-kind transfer, the process involves the following steps:

1. Navigate to Vanguard's website and go to Investing > Rollover & Transfers > Account Transfer > Start your transfer online.
2. Gather the necessary documents specified by Vanguard to complete the transfer.
3. Provide information about the brokerage firm, type of account (taxable individual), account number, value, and specify if you're transferring the entire portfolio.
4. Select the type of investments, such as ETFs, being transferred.
5. Indicate the receiving account at Vanguard, either an existing one or create a new brokerage account.
6. After reviewing the details, electronically sign and submit the transfer request.
7. Vanguard will email you the necessary forms.
8. Print and review the forms, attach your last statement from Betterment, and send them to Vanguard via mail.
9. Patiently wait for the funds to appear in your Vanguard account, a process that typically takes up to 4 to 6 weeks.
10. Finally, request the cost basis from Betterment and send it to Vanguard.

That's it! Just like that, you've transferred your assets from Betterment to Vanguard.