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InvestmentNews

Betterment catches up to Wealthfront in AUM as robo competition reaches boiling point

By Alessandra Malito

Robo-adviser Betterment has caught up to long-time competitor Wealthfront in assets under management.

The New York-based automated investment service Betterment recently surpassed 120,000 client accounts and its AUM just hit $2.52 billion-plus, according to the company’s latest ADV.

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This article originally published July 30th, 2015 on InvestmentNews.