Betterment (read our full review) has had a string of notable news over the past few weeks.
While each could warrant a blog post on its own, we’ve composed a quick summary of the major headlines and takeaways.
- Wealth Management Startup Betterment Gets $800 Million Valuation – July 21st, Bloomberg – $70 million raised in a Series E. This completes the firm’s seventh round of investment since its founding in 2008. In total, $275 million has now been raised.
- Betterment Adds More Human Advice to Its Robo Services – July 26th, WSJ – All Betterment Digital ($0 min, 0.25%) clients will soon have the option to text Betterment’s staff of financial experts questions, on demand, through its mobile app. For formal access to Betterment’s CFPs, Betterment Premium is required ($100k min, 0.40%) which is now 20% less expensive.
- Robo-Advisor Betterment Is On A Personalization Push As It Surpasses $10 Billion In AUM – Jule 31st, Fast Company – A significant milestone in Betterment’s journey. It is the first independent robo-advisor to reach the milestone.
Congratulations to Jon Stein and the Betterment team. We look forward to testing and exploring everything Betterment in our next annual robo-advisor review which is set to kick off in September (the 2018 Robo-Advisor review will publish in February 2018).