Webull, Capitalize team up to simplify retirement account rollovers
Capitalize, a platform for online retirement account transfers, today announced a new partnership with Webull, a digital investment platform.
Through this partnership, Capitalize will empower Webull clients to locate and transfer old 401(k)s into Individual Retirement Accounts (IRAs) conveniently within the Webull platform.
This partnership combines Webull’s online brokerage platform and advanced trading tools with Capitalize’s Embedded Rollover API, the industry’s first API to help financial institutions power rollovers natively for their users. By integrating Capitalize’s digital rollover technology, Webull users will enjoy a simplified and streamlined process to transfer legacy retirement accounts, like 401(k)s, into IRAs at Webull. This enhancement enables Webull customers to more efficiently manage their retirement savings on a single platform.
“We are always leveraging technology to expand access and empower our customers in pursuing important financial goals,” said Arianne Adams, Chief Strategy Officer and Head of Derivatives at Webull. “Retirement savings are a vital part of our users’ financial health, and our partnership with Capitalize offers them a seamless solution to transfer and manage their retirement savings directly through Webull.”
“We’re thrilled to partner with Webull and offer Webull users an efficient, digital way to find and consolidate their retirement accounts,” said Gaurav Sharma, CEO and Co-founder of Capitalize. “Together, we’re working to help more Americans take control of their retirement savings and grow their wealth for a more secure future.”
Webull joins a growing list of providers using the Capitalize Embedded Rollover API to help their users find and transfer retirement accounts and grow their platform assets in the process. Capitalize’s proprietary technology helps retirement account providers and their users instantly locate left-behind 401(k)s and consolidate them efficiently – avoiding the historically cumbersome ‘401(k) rollover’ process.
By offering users a digital path to finding and consolidating retirement accounts, the partnership will help reduce the $1.65 trillion of assets currently held in forgotten or left-behind 401(k) accounts, and help more Americans take control of their retirement savings.
This offering will be available for Webull’s U.S. users in the coming weeks.