Betterment LLC
Financial Services
Betterment is a leading independent digital investment advisor offering automated investing services to help clients achieve optimal returns through diversified, expert-managed portfolios. Their platform includes features like tax-efficient investing, high-yield cash accounts, and personalized retirement planning, tailored to enhance wealth accumulation and financial security for individuals.
Founded: 2008
Jonathan Stein Founder, CEO |
Betterment, the largest independent digital investment advisor in the U.S., announced today the launch of a new Bitcoin/Ethereum Portfolio.
No matter the account type, whether is a standard or high-yielding savings account or some investing involving risk, the general point is to make money on your money. Generally, this is done by earning some sort of return, interest rate or annual percentage yield, or APY.
For years, huge custodians responsible for trillions of dollars in assets have managed to control the vast majority of investor- and advisor-managed assets. But the 2020 merger of Charles Schwab and TD Ameritrade has created a perceived power vacuum that smaller custodians are eager to take advantage of.
Betterment at Work, a leading provider of modern financial benefits for today's diverse workforce, is launching a 529 Education Savings solution. The new offering represents Betterment at Work's evolution into a financial wellness platform with the 401(k) at its core, as it rapidly scales the number of employers it serves nationwide.
The Securities and Exchange Commission has charged digital advice company Betterment with alleged misstatements and omissions related to its tax-loss harvesting service. The disclosure and operating issues affected more than 25,000 client accounts and resulted in $4 million of potential tax benefits lost, according to the SEC’s order. The New York City-based robo-advisor agreed to settle the charges by paying a $9 million civil penalty without admitting or denying the SEC’s findings.