Displaying 45 results
Goldman strikes deal to exit robo business
The banking behemoth is transferring its automated investing business to Betterment as it refocuses on its Wall Street operations.
Betterment adds mutual funds for custom portfolio builders
The wealth tech provider is revamping its RIA custody offering for advisors by adding thousands of mutual funds.
Despite issues with Schwab, RIAs from TD stay put
Some advisors don’t like the number of master accounts at Schwab, the phone support or the technology. They’re exploring other custodians but don’t want to repaper.
Betterment adds 529 plans to workplace benefits offering
The new partnership with Ascensus is the robo-advisor's second foray into college savings plans.
Betterment pays $9 million to settle SEC charges over tax-loss harvesting
Disclosure and operating issues impacted more than 25,000 client accounts and resulted in $4 million of potential tax benefits lost, according to the SEC.
Fintech Bytes: RBC selects Vestwell, Riskalyze partners with Opto
Plus, BetaNXT acquires Mediant Communications, Advisor360 hires a tech executive from Amazon Web Services, and InvestCloud innovates asset management distribution.
Betterment lays off 28 as fintechs continue to feel the pinch
The robo-advisor is also reportedly closing its Philadelphia office and subleasing a floor of its New York City office.
Betterment raises fees on small investors
Customers with less than $20,000 on Betterment will now be charged a $4 monthly subscription rather than a 0.25% AUM fee.
Betterment’s crypto portfolios include allocations to Dogecoin
The robo will now offer four managed portfolios of cryptocurrencies alongside its traditional investment portfolios.
Investors willing to sacrifice returns for ESG goals
Betterment survey also finds sustainable options would lead 401(k) participants to contribute more.
Morningstar ranks best and worst robo-advisers
The latest study from the financial services firm found that top advice-oriented providers offer fairly comprehensive planning tools, ranging from online advice only to one-on-one human financial advisers who are just a phone call away.
Betterment pushes into student loan debt with new tools
In the company’s first foray into the 529 space, the Student Loan Management platform allows workers with a Betterment 401(k) to view their loans alongside their other financial accounts.
Investing platforms cash in on crypto craze
Companies ranging from established robo-advisers like Betterment to upstarts like the crypto-focused robo Domain Money have launched new products in recent weeks to help clients navigate the complex and often confusing world of digital assets.
Betterment a potential target after Wealthfront deal
The New York-based robo-adviser, which landed its largest capital funding round to date in September, for a valuation of $1.3 billion, could now have a significant bull's-eye on its back for potential buyers.
Betterment acquires Makara in push into crypto market
Once Betterment launches its own crypto tool using Makara's technology, the tool will be available to retail clients, as well as through Betterment For Advisors, the company's business-to-business platform.
Comedy or tragedy? The curtain is rising on robos’ third act
The attractiveness of stand-alone robos, coupled with the ample dry powder at large financial services players, could mean more acquisitions are on the horizon.
The ‘finfluencer’ takeover of digital marketing
A new cohort of social media influencers is taking its knowledge and expertise into the financial realm, breathing new life into stodgy prospecting campaigns that have largely relied on blog posts and dinner seminars.
The latest in financial #AdviserTech — October 2021
This month’s #AdviserTech roundup includes Franklin Templeton’s purchase of O’Shaughnessy Asset Management and its Canvas direct index platform; Morningstar’s acquisition of Moorgate Benchmarks; Betterment for Advisors’ shift from TAMP to RIA custodian competitor; and the SEC’s inquiry into when fintech-driven nudges become bona fide investment advice.
Betterment tops $1.3 billion valuation with latest funding
The $160 million round is the largest to date for the leading independent robo-adviser. The latest influx will be used to accelerate its business-to-business arms, particularly its 401(k) offering.
Day trading frenzy to continue after the pandemic: Survey
Betterment surveyed 1,500 investors to analyze which pandemic-fueled behaviors are likely to continue, like day trading and meme stocks.
