Will I be able to transfer my UGMA/UTMA account?
No. Betterment does not currently support custodial accounts. Customers wishing to maintain such accounts should work with Wealthsimple to transfer these accounts to a different custodian prior to the transfer date.
Will I be able to transfer my SEP IRA account?
Betterment supports SEP IRAs for only one plan participant. Typically, small businesses with two or more participants may also set up a SEP IRA for multiple employees. However, Betterment does not support this type of SEP IRA at this time. If you have a SEP IRA with more than one plan participant, you will not be able to transfer this account to Betterment.
I have a Living Trust or Corporate Trust account. Will my account be transferred to Betterment?
Trust account customers who would like to transfer their trust account to Betterment will be receiving instructions on how to do so from Wealthsimple.
I have a Beneficiary IRA, Simple IRA, or Investment Club account. Will my account be transferred to Betterment?
No. Given the specialized nature of these accounts, Betterment will be unable to accommodate a transfer. Customers wishing to maintain such accounts should work with Wealthsimple to transfer these accounts to a different custodian prior to the transfer date.
Can I invest in crypto with Betterment?
No, Betterment does not offer crypto at this time.
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