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 5, 2023
Category: 
FTC Disclosure: Some of the links on this site are affiliate links. Read our full disclaimer here.

How To Transfer Assets From Betterment To Vanguard 2023

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, the process may seem daunting at first, but with careful guidance, it can be a smooth transition.

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

Transfer Options

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

Betterment offers two primary options: liquidating the entire portfolio or initiating an in-kind transfer to another taxable 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.

Best Free Stock Promotions

BrokeragePromotionLink
Robinhood Logo1 Free Fractional Share Worth $5 To $200Claim Bonus
Webull LogoEarn Up To 70 Free Fractional SharesClaim Bonus
Moomoo Logo5 Free Stocks When You Deposit $100+Claim Bonus
Acorns Logo$20 Bonus When You Invest $5+Claim Bonus

Tips

  1. Betterment allows investing in fractional shares, but these won't be transferred. Consider liquidating remaining funds or holding onto them at Betterment.
  2. Vanguard will receive the cost basis within 15 days of the transfer's completion.
  3. Betterment charges a $75 flat fee for each outbound transfer.

How To Transfer

Once you've decided on an in-kind transfer, the process at Vanguard involves the following steps.

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

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.

18749
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram