Investing Simple Logo
Get 1 Free Stock Worth Up To $200 From Robinhood!
Sign up with Robinhood, deposit any amount and get 1 Free Stock. It takes less than 3 minutes to sign up and claim your Free Stock Bonus.
Earn 5.00% APY with M1 High-Yield Savings Account
M1 Plus members can earn 5.00% APY on their deposits with no minimum balance required.
Webull free stock promotion
Get Up To 5 Free Stocks From Webull
Open a new Webull brokerage account today and deposit any amount of money to receive 5 free stocks. Webull offers commission free stock, ETF, option and crypto trading.
Written by Sam Pennington on December 2, 2022
FTC Disclosure

How To Transfer From Betterment To Vanguard 2023

Betterment and Vanguard are two highly popular investment platforms available today, though the two take different approaches to investing.

Vanguard has a long and proven track record since launching in 1975! Betterment, on the other hand, was founded in 2008 and provides their clients with a robo advisor experience.

Whatever your reason for wanting to switch, we have you covered. In this article, we highlight the process to transfer from Betterment to Vanguard.

Best Free Stock Promotions

Robinhood Logo1 Free Fractional Share Worth $5 To $200, 18 Companies To Choose FromDownload
Webull LogoWin Up To 12 Free Stocks Worth Up To $3,000 EachDownload
M1 Finance Robo Advisor$10 Bonus (When You Deposit $100+)Download
Moomoo LogoWin Up To 5 Free Stocks Worth $3 To $2,000 EachDownload
Acorns LogoFree $10 Bonus When You Invest $5+Download

Transfer From Betterment To Vanguard

Moving your assets to a new platform is actually a pretty simple process when the two brokerage accounts support ACATS (automated customer account transfer service).

In the case with Betterment and Vanguard, ACATS is supported. ACATS is certainly the preferred method for transferring your assets as you do not need to liquidate your positions. Instead, you simply transfer (either in full or partially) your account to a new brokerage.

To transfer from Betterment to Vanguard, follow these three simple steps:

  1. Open a Vanguard Account
  2. Gather Information From Betterment
  3. Initiate an ACATS transfer

Below we cover each of these steps in closer detail.

1. Open A Vanguard Account

vanguard was founded on the theory from jack bogle that low cost index funds will provide an investor with great returns over time

If you already have a Vanguard account, then you can move on to the next step. 

Vanguard is a top brokerage for many investors due to its offering on low cost ETF and mutual funds. Additionally, the company provides its clients with top notch customer service.

Before you start the transfer process, be sure you are eligible to open an account. To create an account, you will need to have the following:

  • Permanent US address
  • Social security number
  • If applicable, employer's address

To open an account, follow these steps:

  1. Navigate to Vanguard's website
  2. Click on the "Open an account" button on the top menu
  3. You can either fund your account with a bank account or through a transfer from another account.
  4. Follow the remaining steps as prompted. You will be asked for your name, email, phone number, address, SSN, employer, and level of investing experience.

Once you have completed the account application, you will be able to start investing in 3 business days.

2. Gather Information From Betterment

betterment logo

You will initiate the transfer within the Vanguard platform, but do so, you will need to prepare yourself with a few pieces of information:

  • Your Betterment account type
  • Your Betterment login information
  • The Betterment account number

The account type and account number can be found with the following steps:

  1. Log in to your Betterment account.
  2. In the main menu, click “Settings”.
  3. At the top of your screen, select “Accounts”.
  4. Each of your Betterment accounts will be displayed. You'll see your account number under the name of each account.

3. Initiate ACATS Transfer

Once you have collected your information from Betterment, you are ready to initiate the transfer.

While many platforms charge an outgoing ACATS transfer fee, Betterment does not. Vanguard also does not charge for incoming transfers.

Despite having a highly popular app, Vanguard requires members to follow their web-based prompt to initiate a transfer. The transfer steps can be completed in as little as 10 minutes online, though the funds may take up to 4-6 weeks to appear in your Vanguard account.

Before you start the transfer, you should also know about the assets that you can and cannot transfer to Vanguard.

Investments you can transfer:

  • Stocks.
  • Bonds.
  • Most options.
  • Exchange-traded funds (ETFs).
  • Unit investment trusts.
  • Certificates of deposit (CDs) held in a brokerage account.
  • Most mutual funds (although money market funds will be sold and transferred as cash).

Investments you can't transfer:

  • CDs held directly with a bank.
  • Certain options.
  • Limited partnerships and private placements.
  • Certain mutual funds and other investment products offered exclusively by your current firm.
  • Certain low-priced securities traded over the counter (OTC) or on the pink sheets market.
  • Commodities.
  • Annuities.
  • Life insurance policies.

Any investments that you have that cannot be transferred must be liquidated first. And one last note, you can only transfer whole shares from Betterment. Any fractional shares you own will be liquidated shortly after the transfer.

Account Transfer Steps

To initiate this ACATS transfer, follow the steps below:

  1. Navigate to Vanguard's account transfer page
  2. Select the option "Transfer investments from another firm to Vanguard" and click continue
  3. Select the type of account you want to transfer from (whichever account you are transferring to Vanguard, needs to be the same type of account you have with Vanguard)
  4. Next, login with your Vanguard login details or select the Sign-up option
    1. If you already have a login, then you will continue with the steps below. If you need to sign up, then you will need to provide additional details first such as your name, email, phone, SSN and more.
  5. After clicking continue, type in the name of the platform you want to transfer from. In this case, it would be "Betterment."
  6. Enter in your Betterment login details or find the account manually by entering in your Betterment account number.
  7. Decide whether you want to transfer all or some of the assets held in Betterment
    1. If a partial transfer, you will be able to select the individual investments you want to move
  8. Select where you would like to transfer the assets to, either a new account or an existing Vanguard account
  9. Review the details of the transfer and click continue
  10. Review the terms and conditions and accept to move on

Be aware that this transfer can take up to 4-6 weeks to complete, though typically is completed much sooner.

Transfer From Betterment To Vanguard: Final Thoughts

Luckily, a transfer from Betterment to Vanguard is actually quite simple.

All you need to complete this transfer is your account number, login information, and account type for Betterment. From there, you will simply follow Vanguard's prompts.

The transfer will be kicked off with just a few minutes on their site. Once complete, you can track the progress in your Vanguard account.

If you have additional questions, be sure to reach out to Vanguard's customer support team.

Article written by Sam Pennington
Sam is a personal finance writer. While in college, he dedicated his spare time to learning about personal finance, investing, and real estate. Sam currently works as a business analyst for one of the top food manufacturers in the world.

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
Copyright © 2018 – 2023 Investing Simple LLC. All Rights Reserved.
Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Website managed by Stallion Cognitive™

Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram