Betterment breaks out of robo-mode, lets wealthy clients select assets
By Elizabeth Dilts
NEW YORK (Reuters) – U.S. robo-adviser Betterment LLC said on Wednesday it is rolling out personalized portfolio management for clients with more than $100,000, marking the firm’s first step away from the automatically designed and rebalanced portfolios that have become its hallmark.
Betterment Chief Executive Jon Stein said it is a move to appeal to wealthier clients who keep only a portion of their assets with Betterment, and who have said they would invest more if they could pick and choose what is in their portfolios.Read the Original Article
This article originally published March 28th, 2018 on Reuters