Thomas Moore, Head of Betterment Advisor Solutions, joined Julie Cooling, Founder and CEO of RIA Channel, to discuss the benefits of seamlessly offering solo 401(k) plans.
Betterment Advisor Solutions is an all-in-one custody and 401(k) record-keeping platform for financial advisors. Solutions include custody, portfolio management, billing, and record-keeping. Moore notes that Betterment can be used as the engine of an advisor’s practice with tools that can be used with their clients. Betterment offers an open platform where advisors can choose from the model marketplace or build their own models using the whole universe of mutual funds and ETFs.
The Solo 401(k) is built specifically for sole practitioners, who have been underserved in the retirement market. The solo 401(k) offers Roth options, loans, spousal contributions, matching contributions, and higher contribution limits than the SEP IRA or Direct IRA.
Betterment can serve as a consultant to financial advisors looking to implement solutions. Offering products such as solo 401(k)s can help advisors grow their business by attracting business owners.
Portfolio transitions can be one of the biggest barriers to growth for advisors—slowing onboarding, creating tax drag, and adding operational complexity. But they don’t have to be. In this webinar, we’ll show how leading advisors are using smarter, tax-aware technology to help streamline transitions, reduce risk, and deliver greater value to clients—without the manual burden.
What we’ll cover:
- The Real Cost of Poor Transitions: How inefficiencies erode returns and trust
- Why Traditional Strategies Fall Short: The limits of manual and legacy approaches
- A Better Way to Transition: What high-value, tax-smart transitions look like
- Real-World Case Study: Reducing concentration risk with phased, tax-aware reallocation
Accepted for 1 CFP/ IWI / CFA CE Credit