Market Turmoil Tests ‘Robo Advisers’
By Daisy Maxey
Betterment LLC, which manages $2.6 billion for investors, said Monday it hasn’t received an unusual volume of calls or emails from clients and isn’t sending a message to clients about the market activity. “The vast majority of our 105,000 customers are normal people going on with their lives. We are not going to be the ones who force our clients to pay attention to the stock market since we know that is not good behavior,” said Dan Egan, director of behavioral finance and investing at the firm.