Robo adviser battles inertia to attract rich investors
By Rita Raagas De Ramos
Betterment has made a name for itself among US retail investors, having grown from a start-up in 2010 to a robo adviser with $4.5bn in assets and 160,000 clients in May.
With 191 per cent growth in assets throughout 2015, Betterment is the fastest-growing business in this year’s FT 300 list of registered investment advisers. Only three other RIAs — Summit Financial Wealth Advisors, Catalyst Capital Advisors and Feltz Wealthplan — increased their client assets by triple digits last year.