How are account management fees assessed following my ACATS transfer out of Betterment?

When you transfer your account from Betterment, account management fees are still assessed based on your account balance. Below are the details for how fees are handled in both full and partial transfers.

Full In-Kind Account Transfer:

● Residual Fractional Shares: After a full in-kind transfer, you may still have fractional shares in your Betterment account, since the ACATS system only transfers whole shares.
● Liquidation of Fractional Shares: Shortly after the full transfer, Betterment will liquidate these fractional shares.
● Fee Collection: Any accrued management fees will be collected from the liquidation of fractional shares. The remaining cash proceeds will be sent to your receiving firm via ACATS.

Partial Transfers:

● Accrued Fees: For partial transfers, management fees will be assessed based on your remaining balance.
● When Fees Are Collected: These fees will be collected either at the end of the month or when you initiate a full withdrawal from your account.

Fees for Outbound Transfers:

● Transfer Fee: Betterment charges a flat fee of $75 for each investing account transferred to another company.
● No Minimum Transfer Amount: There is no minimum amount required for a transfer, and there is no limit on the number of transfers you can make.
● No Fee for Withdrawals or Account Closure: Betterment does not charge fees for withdrawing funds to your linked checking account or for closing your account.