Tagged: betterment

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

June 10, 2020 @ 3:29 pm By Omar Faridi  |  

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

April 30, 2020 @ 9:39 am By Samantha Hurst  |  

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

October 16, 2019 @ 10:56 pm By Omar Faridi  |  

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

July 24, 2019 @ 5:23 pm By JD Alois  |  

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

July 23, 2019 @ 11:47 am By JD Alois  |  

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

May 22, 2018 @ 10:35 am By Samantha Hurst  |  

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

April 26, 2018 @ 1:11 pm By Erin Hobey  |  

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

March 29, 2018 @ 8:38 am By Samantha Hurst  |  

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

September 13, 2017 @ 9:42 am By JD Alois  |  

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

September 4, 2017 @ 12:35 pm By JD Alois  |  

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

July 26, 2017 @ 10:22 am By JD Alois  |  

Betterment, an online financial advisor, has introduced a new messaging feature designed to give users the best of both worlds. The Robo-Advisor will now offer access to financial advice from experts via there App. So users may ask questions wherever and whenever they want. This… Read More

July 21, 2017 @ 12:50 pm By Samantha Hurst  |  

Independent online financial advisor, Betterment, announced on Friday a $70 million round of funding, which is described as an extension of the company’s Series E from last year. According to Betterment,  Swedish investment company Kinnevik led the round, extending its financing from last year. Previous investors Bessemer Venture Partners, Menlo… Read More

March 14, 2017 @ 12:08 pm By Spencer Li  |  

One of the fundamental differences between Chinese and US lending platforms can be found just by examining the home pages of their websites. Most, if not all, US platforms’ landing pages are targeted at borrowers and exhibit mainly information around borrowing whereas, on those of… Read More

March 10, 2017 @ 12:17 pm By JD Alois  |  

LendItUSA, the annual event that jumps between New York City and San Francisco everu 12 months, opened up to larger audiences and an industry sector that endured a challenging year. The online lending sector received a two-punch assault in 2016; a battle that left the… Read More

March 6, 2017 @ 1:48 pm By Samantha Hurst  |  

Real estate crowdfunding platform, PeerStreet, announced on Monday it has integrated with Betterment, an independent online investment advisor through Quovo. The portal stated that customers of both it and Betterment may now view their PeerStreet positions within the context of their investment portfolio on the… Read More