Betterment amps up RIA platform with transfer tool
By Ian Wenik
Betterment is making it one step easier for advisors on their platform to put assets into their model portfolios.
Thursday, the company rolled out a mutual fund automated customer account transfer service (ACATS) tool on the Betterment for Advisors platform. The tool will transfer an RIA’s client’s funds out of existing mutual funds and hold them in a temporary transfer account until the RIA puts them into one of Betterment’s models.