At Betterment for Advisors, we’re eager to respond to the feedback and desires of financial advisors. From giving advisors more control over how they open accounts on behalf of clients to enabling Advisor-Driven Rollovers, we’re constantly gathering feedback about the platform and enhancing features to fit your needs.
Today, we’re truly excited to offer Mutual Fund ACATS support for advisors using the Betterment for Advisors platform. As an advisor, you can now use the Automated Customer Account Transfer Service (ACATS) system to transfer your clients’ mutual funds from external accounts into Betterment for Advisors.
Click the link below to download our ACATS transfer request form and get started!
Or, read the ACATS FAQs.
When funds are transferred using ACATS, they’ll be held in a Transferred Securities goal until you decide to sell out of the position and into a Betterment portfolio strategy, such as the Betterment Core Portfolio, our SRI portfolio, or additional strategies built by Vanguard, BlackRock, or Goldman Sachs Asset Management (GSAM). Using Tax Impact Preview, we’ll estimate how capital gains taxes might impact your clients.
All funds held in a Transferred Securities goal will be charged the Betterment for Advisors management fee, and your advisory fee will also be charged on the funds held in the account.
For a full list of eligible mutual funds for ACATS transfer, please reach out at firstname.lastname@example.org.
We have very exciting features launching in the next few months, so make sure you keep coming back to learn what’s new with Betterment for Advisors!
If you’re interested in learning more about the Betterment for Advisors platform, request a demo!
This article was published on October 11, 2018