Tagged: betterment

Betterment to Provide Student Loan Management Solution

Betterment 2

Betterment at Work recently confirmed the introduction of its Student Loan Management solution, and that it has entered into an agreement to acquire the partner and customer relationships of Gradvisor, a platform that offers “personalized” college savings plans. These two product offerings are meant to… Read More

Betterment Adds Crypto Capability Through Makara Acquisition

Betterment Financial Experts Phone 2

Betterment, an independent digital investment advisor, has entered into an agreement to acquire cryptocurrency portfolio management company Makara. The move allows Betterment clients to invest in diversified cryptocurrency portfolios alongside their current investments. Makara personnel will move over once the deal is finalized later this… Read More

Betterment Updates Brand with Refresh

Betterment logo update Nov 2021

Gone is the modern speedometer logo and in its place is a “more optimistic” look for the Wealthtech Betterment. Betterment is pushing back on the current state of political division and ubiquitous acrimony with a warmer brand, kind of like a rising sun. In a… Read More

Robo-Advisor Betterment Raises $160 Million in Debt and Equity

Betterment 2

Betterment, a leading Robo-advisor, has raised $160 million in growth capital. The investment includes $60 million in Series F equity capital and $100 million credit facility. Betterment received a valuation of over $1.3 billion. According to a company release, the equity investment was led by… Read More

Betterment Introduces FDIC Insured Joint Checking Account for Clients Looking to Effectively Manage Shared Recurring Expenses

Check book

Betterment, the largest independent online financial advisor, recently launched an FDIC-insured Joint Checking account with several new features designed to help you and your partner “make the most of your money.” As mentioned in a note shared with CI, Betterment’s Joint Checking account is “for… Read More

Betterment announces Acquisition of Wealthsimple’s U.S. Investment Advisory Book of Business

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Betterment, the largest independent online financial advisor, announced on Thursday it has acquired Wealthsimple’s U.S. book of business. Betterment reported that through the acquisition, Wealthsimple will transfer all of their existing U.S.-based customers to the Betterment platform, and will no longer support accounts based in… Read More

Personal Finance Professional Explains how 401(k) Plans, Robo-Advisors, Investment Apps can Help Grow Our Wealth

Growth Money Up Higher Arrow

Erica Gellerman, a CPA, MBA, and personal finance expert, notes in a blog post published by Chime Financial Inc. (a US-based banking challenger valued at around $14.5 billion) that if you’re planning to grow your wealth or net worth, then investing can be “a smart… Read More

Betterment Appoints Sarah Kirshbaum Levy As New CEO

Betterment Financial Experts Phone 2

Betterment, the largest independent online financial advisor, announced on Tuesday it has appointed Sarah Kirshbaum as its new CEO. Levy will notably be replacing Betterment’s founder, Jon Stein.  According to Betterment, Levy previously served as Viacom Media Networks’ Chief Operating Officer and has been an… Read More

Money Manager Betterment Partners Dosh to Provide Cashback Offers for Checking Account Customers

Betterment 2

Online financial advisor Betterment has teamed up with Dosh, an app that finds cashback deals for consumers and helps businesses acquire and retain customers, in order to offer cashback rewards for checking account customers. Betterment notes that they’ve created their no-fee, “hassle-free” Checking account because… Read More

Money Manager Betterment Teams Up With Insurtech Sure to Provide Cellphone Insurance to Betterment Checking Users

Smartphone Android by Rodion Kutsaev on Unsplash

Online financial advisor Betterment announced on Thursday it has formed a partnership with insurtech company Sure to provide cell phone insurance to Betterment Checking users, offering coverage for phone damage or theft. The offering is notably available to any Betterment Checking user that pays their monthly cell bill… Read More

Robo Advisors Industry Expected to Reach Nearly $1 Trillion Valuation this Year: Report

Lost in Space Robot

BuyShares claims that the Robo Advisors sector is expected to reach a valuation of $987.4 billion this year, which represents a 19.3% increase in only a year. As mentioned in a release shared with CI: “The last few months have witnessed a surge in the… Read More

Covered By SAGE Secures $6 Million Through Seed Funding Round Led By NFX

Money Dollars Benjamin Franklinjpg

Covered by SAGE, a modern, tech-enabled Property and Casualty (P&C) insurance brokerage, announced this week it secured $6 million through its latest seed funding round, which was led by NFX with participation from Tectonic Capital and Treasury, the fintech platform launched by Acorns and Betterment Co-Founders…. Read More

Betterment for Advisors Takes a Unique Approach to Active Investments

Benjamin Money Dollars 100

Robo investment advisors have threatened to make human advisors obsolete and the rise in passive investments may lead to less demand for active management. However, a recent partnership between Betterment and Dimensional Fund Advisors (DFA) indicates that there may still be a need for certain… Read More

Deja Vu: Betterment Reportedly Receives Regulatory Questions Regarding Interesting Bearing Savings Accounts & Checking Product

Throw Shade Question Huh What Bewildered Irritated

Fintech Betterment announced yesterday it was becoming more like a bank. The Robo-advisor with more than $15 billion under management revealed “Betterment Everyday”. The new service offered FDIC-insured checking and savings accounts minus all of the typical fees that traditional banks tend to slap on…. Read More

Fintech Betterment Becomes More Like a Bank, Adds FDIC Insured Checking & Savings

Jon Stein Betterment CEO and co founder

Fintech Betterment is pushing further into the traditional banking realm. The digital-only platform is will soon offer “Betterment Everyday” which includes an FDIC-insured checking and savings product that will have no account fees, overdraft fees, minimum balances or monthly maintenance fees. The checking service will… Read More

Betterment Appoints Donna Wells to Board of Directors

Donna Wells

Betterment, the largest independent online financial advisor, announced on Tuesday it has appointed financial services and fintech veteran Donna Wells to its board of directors. According to Betterment, Wells brings close to 30 years of experience in the industry, as well as a history as a successful public… Read More

Live on Wefunder: Orthogonal Inc Finds the Right Angle for Socially Conscious Capitalism

David Nikzad

Orthogonal, a holding company and ecosystem that unites the desire to make money with doing good for the planet and society, has surpassed its minimum crowdfunding goal on Wefunder.  With the confidence of over 177 investors, Orthogonal has raised over $149,105 and now has set its… Read More

Betterment Announces the Launch of Flexible Portfolios

Jon Stein Betterment CEO and co founder

Betterment, the largest independent online financial advisor, announced earlier this week the launch of a new custom portfolio strategy, Flexible Portfolios. According to Betterment, retail investors now have the ability to control asset class weights within the Betterment portfolio, enabling them to decide how money… Read More

Robo-Advisor Betterment Adds Goldman & Blackrock Portfolio Strategies

Jonathan Stein

Betterment, the largest independent online investment advisor, will now offer two new portfolio strategies: a smart beta portfolio strategy and an income portfolio strategy. Betterment has selected the portfolio strategies from BlackRock and Goldman Sachs Asset Management (GSAM) designed to meet users diverse needs and… Read More

Betterment Raises $70 Million in Funding

Jonathan Stein

According to a regulatory filing with the Securities and Exchange Commission (SEC), leading Robo-advisor Betterment has raised $69,999,997 in equity. The first sale was said to take place on August 23, 2017. It appears this is part of a Series E funding round that was… Read More

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