Will my portfolio composition change as a result of the transfer?

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 impact (see FAQ “What if I want to pick a different portfolio?” below).