Betterment Review


Trust Score 87%
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Betterment, federally registered in 2009, is a Registered Investment Advisor (RIA) in 53 state(s) with a licensed staff of 10 advisors. Betterment manages $14 billion and provides investment advisory services for 362,265 clients (1:36227 advisor/client ratio).

Betterment requires a $100,000 minimum investment and charges a blended rate between 0.40% and 0.30% for ongoing portfolio management services, depending on the size of the portfolio.

Benefits


  • Firm uses a transparent fee-only model
  • Firm acts as their own custodian
  • Firm has $1B or more in assets under management

Considerations


  • There is only one licensed advisor for every 36227 clients (industry average 1:50)
  • Firm has been federally registered for only 9 years
  • Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest

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Managed Investing


Feature Value
Estimated Fees (Annual) $0 on $100,000 portfolio
Annual Management Fee Notes None
Minimum Investment $100,000
Minimum Annual Fee $0
Average Account AUM $39,039
Hybrid Advisor Yes
Disciplinary History No
Total AUM $14 billion
Advisor / Client Ratio 1:36227
Headquarters New York, NY
SEC Filings Forms and Brochures


Annual Fee Ranges Percent
$0 to $2,000,000 0.40%
$2,000,001+ 0.30%


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