Mmastodon BusinessBanking first seen 3 h ago, last 57 min ago, peak #9
Betterment sets 0.20% starting custody fee for RIAs
Original: For RIA custody, Betterment's platform fees will begin at 0.20% Betterment will roll out a new custody fee schedule for
Betterment will introduce a new custody fee schedule for registered investment advisers and other advisory firms starting next year, with platform fees beginning at 0.20%. The move puts the digital investment company in direct competition with established custodians serving independent advisers, and industry watchers are weighing what the pricing means for custody costs and competition in the wealth management market.
Why now: Betterment's entry into RIA custody with a low starting fee is newsworthy for advisers and fintech observers tracking competition in the custody business.
BettermentRIAFinancial Planning
Rank over time, top of the chart is #1. 3 snapshots from 3 h ago to 57 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/406075