Tagged: betterment

March 26, 2024 @ 6:32 pm By Omar Faridi  |  

Betterment, the largest independent digital financial advisor, announced that Betterment for Advisors, its RIA custody division, is adding thousands of mutual funds to its custom portfolio construction menu for the first time. This launch coincides with the 100th anniversary of the mutual fund and provides… Read More

February 4, 2024 @ 1:26 pm By Omar Faridi  |  

Betterment at Work, a provider of modern financial benefits for today’s diverse workforce, announces the first commercial product that allows small business employers to automatically match employee student loan payments with a 401(k) contribution. Sarah Levy, CEO of Betterment, said: “We know that student debt… Read More

December 19, 2023 @ 10:22 am By Omar Faridi  |  

Betterment at Work, a provider of modern financial benefits for today’s diverse workforce, today released a new survey on the state of retirement readiness across the U.S. workforce. The report, which tracks year-over-year trends “from 2022, polled 1,000 full-time U.S. employees to examine how retirement… Read More

October 17, 2023 @ 9:01 am By JD Alois  |  

FinanceHQ has emerged from stealth mode. The startup was launched inside Wilbur Labs in San Francisco, led by a former Betterment exec. Alex Choi is the Fintech’s CEO. Choi spent five years at Betterment, with his most recent position being Head of Strategy & Operations… Read More

September 17, 2023 @ 4:45 pm By Omar Faridi  |  

Betterment, the largest independent digital investment advisor in the U.S., announced today the launch of a new Bitcoin/Ethereum Portfolio as part of the Crypto Investing by Betterment suite. The portfolio provides direct access to the two largest cryptocurrencies in the market for investors who are… Read More

July 10, 2023 @ 3:30 pm By Omar Faridi  |  

A survey from Betterment, the largest independent digital financial advisor in the US, finds that despite market instability, retail investors are “optimistic about their financial futures.” The research report, which tracks data from 1,200 retail investors across four generations (Gen Z, Millennials, Gen X, and… Read More

July 2, 2023 @ 2:28 pm By Omar Faridi  |  

Betterment, the independent digital financial advisor, today announced that Betterment for Advisors, its RIA custody division, has launched an integrated suite of tools that will provide financial advisors “with granular control over how client assets are managed, transferred, and sold.” The new features will “give… Read More

April 18, 2023 @ 4:37 pm By JD Alois  |  

Robo-advisor Betterment has been hit by charges from the Securities and Exchange Commission regarding material misstatements and omissions pertaining to a tax loss harvesting service (TLH). Betterment has settled the charges with the SEC without admitting or denying the claims, paying a $9 million penalty…. Read More

October 13, 2022 @ 7:17 pm By Omar Faridi  |  

Betterment, which claims to be the largest independent digital investment advisor in the U.S., announced the launch of its cryptocurrency offering, Crypto Investing by Betterment. Betterment will reportedly “add expert-built, managed, and diversified crypto portfolios alongside its traditional investing portfolios.” The portfolios will be “available… Read More

September 28, 2022 @ 6:21 pm By Omar Faridi  |  

The team at Gemini is pleased to announce a partnership with Betterment, which claims to be one of the largest independent digital investment advisors in the U.S., in order “to begin offering crypto investment portfolios to customers across its retail and Betterment for Advisors offerings.”… Read More

February 28, 2022 @ 3:11 pm By Omar Faridi  |  

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

February 8, 2022 @ 3:09 pm By Tony Zerucha  |  

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

November 16, 2021 @ 5:19 pm By JD Alois  |  

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

September 29, 2021 @ 3:49 pm By JD Alois  |  

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

April 10, 2021 @ 1:17 pm By Omar Faridi  |  

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

March 5, 2021 @ 10:35 am By Samantha Hurst  |  

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

February 1, 2021 @ 9:33 pm By Omar Faridi  |  

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

December 9, 2020 @ 9:08 am By Samantha Hurst  |  

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

November 20, 2020 @ 3:58 pm By Omar Faridi  |  

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

September 18, 2020 @ 9:27 am By Samantha Hurst  |  

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