Faq For Ellevest Customers

Your account assets will be transferred to Betterment in-kind. Your Ellevest portfolio strategy will then be gradually transitioned to a substantially similar Betterment portfolio strategy (described in “Portfolio Comparison”). For tax-advantaged accounts (e.g., IRAs), there will be no tax impact. For taxable accounts, Betterment will strive to minimize the tax impact by using extended automated rebalancing, including dividends, deposits, and transfers, but the transition may result in some tax ...

Yes. Betterment supports Roth IRAs and your Ellevest Roth IRA will be transferred to Betterment in-kind.

Betterment offers investors the choice to invest in a few different portfolio strategies, each suitable for different purposes. Betterment’s Core portfolio strategy is its flagship portfolio composed of globally diversified, low-cost ETFs. Betterment also offers three Socially Responsible Investing (SRI) portfolios, one focusing on Broad Impact, one on Climate Impact, and another on Social Impact. These portfolios invest in all of the same global asset classes as the Betterment Core portfolio, ...

Betterment and Ellevest both offer portfolios comprised of low-cost ETFs that provide investors exposure to a number of different asset classes across the globe. Both Betterment and Ellevest also allow individuals to customize their portfolio risk allocation (i.e., stock-to-bond ratio). Despite these similarities, however, there are some differences that you should be aware of when deciding whether to transition to Betterment. Certain Ellevest portfolios include allocations to mutual funds. If ...

Betterment’s portfolio comparison is based on a mapping believed to best achieve the investment aims implied by each Ellevest client’s portfolio at Ellevest. However, we understand that clients may wish to change their strategy or allocation once assets arrive at Betterment. All former Ellevest accounts, even tax-advantaged accounts, will gradually transition to their Betterment strategies over an extended (at least 30 day) period, relying on rebalancing exclusively through cash-flows. This ...

Yes! Cash Reserve is Betterment’s high-yield cash account, intended primarily for short-term savings and emergency funds. It offers a 4.00% (variable) APY, which is set based on the Fed Funds Rate. In addition, the account provides: Up to $2M in FDIC insurance ($4M in joint accounts) through our program banks, subject to certain conditions Unlimited withdrawals No minimum balance No fees on assets held in Cash Reserve You can also transfer between Cash Reserve and your Betterment investing ...

Yes. Betterment offers a managed crypto ETF portfolio in taxable accounts. More information on crypto investing at Betterment can be found here.

You are welcome to speak with your financial or tax advisor prior to account transfer. Once your new Betterment account is established, you will be able to speak with a member of Betterment’s licensed concierge team. For more information and eligibility requirements, please visit Betterment’s Concierge Team page. Customer support team members are also available five days per week to answer questions about your Betterment account.

You can learn all about Betterment’s offerings and services at betterment.com. Explore how Betterment works, or learn more about our Investing product. You can explore our pricing information. Betterment’s account terms and related disclosures are available in our legal documents, including our Form ADV Part 2, Form CRS, and customer agreements.