NEW YORK, June 16, 2016 /PRNewswire/ -- Betterment, the largest independent robo-advisor, is pleased to announce it has been named to the Financial Times 300 Top Registered Investment Advisers for the second year in a row and was recognized as the fastest-growing RIA firm among those recognized. The FT 300 acknowledges top independent RIA firms from across the United States.
This is the third annual FT 300 list, produced independently by the Financial Times Ltd. in collaboration with Ignites Research, a subsidiary of the FT that provides business intelligence on the investment management industry. The average FT 300 firm has been in existence for 22 years and manages $2.6 billion in assets. Betterment now manages $4.8 billion for more than 168,000 customers.
"We're honored to be included in The FT 300 for the second year in a row," said Jon Stein, Founder and CEO of Betterment. "We had a fantastic year of growth, in terms of both new and existing customers substantially increasing their assets with us. It's become very clear that the appetite for low-cost, transparent, and customer-aligned advice is only growing."
Betterment offers its customers a globally diversified portfolio of index-tracking exchange-traded funds (ETFs) with personalized advice in a goal-based investing framework. Customers can open and customize regular investment accounts, traditional/SEP/Roth IRAs, trust accounts, and accounts for retirement income. Betterment also has expanded its platform to serve the RIA and 401(k) markets. For more information, please visit www.Betterment.com.
Betterment is the largest independent robo-advisor, helping people to better manage, protect, and grow their wealth through smarter technology. With more than 168,000 customers and over $4.8 billion in assets under management, the service offers a globally diversified portfolio of ETFs, designed to help provide you with the best possible expected returns for retirement planning, building wealth, and other savings goals. Betterment also helps customers get on track for a comfortable retirement with RetireGuide™, a retirement planning tool that lets people know how much they should save and if they are investing correctly. Betterment has been a CNBC Disruptor 50, FT 300 and Webby award winner, and it has been featured in the New York Times, Forbes, and the Wall Street Journal. Betterment helps people to achieve a smarter financial future with minimal effort and for a fraction of the cost of traditional financial services.
Determination of largest independent robo-advisor reflects Betterment LLC's distinction of having highest number of assets under management, based on Betterment's review of assets self-reported in the SEC's Form ADV, across Betterment's survey of independent robo-advisor investing services as of March 15, 2016. As used here, "independent" means that a robo-advisor has no affiliation with the financial products it recommends to its clients.
The 2016 Financial Times 300 Top Registered Investment Advisors is an independent listing produced by the Financial Times (June, 2016). The FT 300 is based on data gathered from RIA firms, regulatory disclosures, and the FT's research. As identified by the FT, the listing reflected each practice's performance in six primary areas, including assets under management, asset growth, compliance record, years in existence, credentials and accessibility. Neither the RIA firms nor their employees pay a fee to The Financial Times in exchange for inclusion in the FT 300.
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