Betterment

Betterment, the largest independent digital investment advisor in the U.S., has acquired the automated investing business of Ellevest, a wealth management company focused on serving women. What To Know: Betterment, known for its user-friendly platform, offers automated investment services,...

On April 18, 2013, a new company was created that completely upended the business model of trading commissions on Wall Street.  For the next five and a half years, Robinhood and a bevy of other free trading apps that soon followed took aim at the retail brokerage industry, reaching valuations...

Sage, a brokerage lowering the burdens associated with building and maintaining an insurance book of business, formally announced the closure of a $6 million funding round, led by NFX, Tectonic Capital, and Treasury, the fintech launched by the co-founders of Acorns and Betterment. In a statement...

In a move to further democratize financial markets, Apex Clearing formally integrated its services with Bambu, a robo-advisory technology solution, providing global access to U.S. markets. As part of the development, Bill Capuzzi, CEO at Apex Clearing, spoke with Benzinga regarding his firm’s...

This story is the second in a multipart series by Benzinga on the state of the fintech sector in 2018. Click here to read an IBM CTO's thoughts on the collaboration between banks and fintech startups. As one of the pre-eminent venture capitalists in the fintech space, Canaan Partners'...

It’s been a busy few days for brokerages and robo advisors, and the early indications are in: retail investors were not only unfazed by the recent sell-off, but they were eager to buy the dip. "We saw a large spike in transaction volume and trading activity on the platform [Monday] as...

Betterment, an online financial advising platform, is now valued at $800 million based on its latest round of financing. Betterment secured $70 million in funding at a time when the company's business is booming. The last time the company raised money was in early 2016 when it was valued at $...

It's almost that time of year. The 2017 Benzinga Global Fintech Awards is a competition to showcase the companies with the most impressive technology that are paving the future in financial services and capital markets. To get you prepared for this year's awards, Benzinga will profile each...

One of the biggest robo-advisors has turned into a cyborg. Betterment announced Tuesday that it would add different levels of service plans to its robo-advisor product, the more expensive versions of which give users the option to consult with a human financial advisor. Betterment service...

Last week, Betterment CEO Jon Stein publicly called for President-elect Donald Trump to support the fiduciary standard, a Department of Labor rule introduced this year that requires financial advisors to act in their clients’ best interests rather than their own. Stein’s letter to...

Modern Portfolio Theory (MPT) is an investment theory popularized in a 1952 paper by Harry Markowitz entitled “Portfolio Selection.” The idea behind MPT is that investors should identify and select the lowest-risk allocation for a given expected portfolio return. While most investors...