What are the tax implications of the Betterment transfer?

Your account assets will be transferred to Betterment in-kind, so there will not be any tax implications associated with the account transfer itself. Please note that if your account includes mutual funds, those funds will be liquidated (which may have tax implications) prior to the transfer to Betterment. 

There are two mutual funds that are in impact portfolios only. If you are invested in a core portfolio, your portfolio includes ETFs only, not mutual funds. To see what investments your portfolio includes, navigate to that goal from your dashboard or from the “Investing” drop-down menu in the navigation bar. Then scroll to the section labeled “What am I invested in?” (near the bottom of the page). You’ll see your portfolio’s target composition and a list of all the funds you own.

Following the transfer, your Ellevest portfolio strategy will be gradually transitioned to a substantially similar Betterment portfolio strategy (described in “Portfolio Comparison”), using additional cash flows (deposits, contributions, dividends) and automated rebalancing to help minimize tax impact. 

If you choose to opt out of the Betterment transfer and withdraw your funds, keep in mind this may cause capital gains or losses in your account.