Skip navigation
The Daily Brief
Betterment app

Rollovers Made Easier at Betterment for Advisors

Advisors will now have the ability to initiate and execute paperless retirement account rollovers for their clients.

Advisors who use Betterment for Advisors will now have the ability to initiate and execute a retirement account rollover on behalf of their clients, the fintech firm announced. Previously, the paperless rollover feature could only be initiated by the advisor’s client.

The improvement for the advisor side of Betterment is part of a push toward giving advisors more control of client accounts, said Elisa Garcia, business development manager at the division. It comes almost one month to the day after the company began allowing advisors to aggregate accounts on behalf of their clients. The data aggregation partner for that feature is Quovo.

“We want to be a place where clients receive advice in the way that they want,” said Garcia. “If they choose to go through an advisor, we want the advisor to feel empowered to do as much as possible on behalf of the client.”

Garcia said advisors could expect at least one more “mini-launch” of a new functionality for Betterment for Advisors later this summer.

Want The Daily Brief delivered directly to your inbox? Sign up for’s Morning Memo newsletter.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.