At A Glance
- New Self-Directed Account Service for Do-It-Yourselfers.
- FREE Checking and High Yield Savings accounts are available for all of our clients. The current savings account interest rate is 4.0%!
- Cryptocurrency trading is now permitted for clients at Betterment. Please read our updated account service agreement for Betterment.
- New Advisory Agreement for all clients with managed accounts at Betterment.
We are pleased to announce three major improvements to the services our clients receive when they custody their investment accounts at Betterment. All of these features are effective immediately and are reflected in our new Client Service Agreement for investment management services for accounts held and traded at Betterment.
Advisor-Guided, Self-Managed Account Services
Some people, particularly younger investors who are sensitive to fees affecting starter-account balances, and want more control over the day-to-day investing decisions of their account (but who still might want to check in periodically with a professional financial advisor to make sure they’re on track) now have the option of working with nVest Advisors on a limited-engagement basis for a much lower advisory fee.
We have always been proud to offer professional, fully fiduciary, discretionary investment management services for every family and small business, regardless of your account size, for extremely competitive advisory fees, and were one of the first financial advisors in the country to adopt robo advisor technology and progressive custodians such as Betterment. In fact, we’ve proudly provided Betterment as a custodian option for our clients, particularly our younger “nVestors”, all the way back to 2015.
Now, we’ve added a new way to work with us:
Most of our clients want professional money management for peace of mind, and to take one more item off of their busy schedule.
However, for those true do-it-yourself-ers at heart who want to control the day-to-day decision-making in their accounts at Betterment, but who also want to be able to have their account professionally set up, their risk tolerance and investment strategy professionally determined, an initial investment strategy professionally recommended, and want occasional access to a financial advisor for feedback and coaching, can now do so at a much lower total advisory cost than if we handle everything for you.
We call this new level of service Client-Managed Account Service, and it’s now available at substantial savings over our already very low advisory fees for our Advisor-Managed Account Services. And, as always here at nVest Advisors, there is no minimum amount you need to get started.
Clients who want to self-direct their accounts (with our initial setup help, and limited ongoing guidance) will have access to a wide variety of trading strategies to choose from, including the full array of proprietary nVest Advisors Core+ nVestor, Principled nVestor, and our rules-based Macro nVestor models, built exclusively for the Betterment platform.
Need more information about this new program? Reach out to us for a quick Q&A to see if this solution is a good fit for you.
Ready to begin? Open your nVest Advisors Client-Managed Account today.
Eliminate bank fees entirely, and earn 4.0% APY (as of 3/10/2023) on your savings with a totally free (we mean it – totally free) checking and savings account.
Our clients with investment accounts at Betterment also have the option of adding online checking and high-yield savings accounts to their Betterment / nVest Advisors client experience, totally free of charge.
The Betterment Checking solution offers the convenience of a totally online bank, with all of the features our clients look for in a banking solution, including:
- No minimum balance.
- No transaction or overdraft fees.
- Cash back on purchases at thousands of participating retailers like Costco, Adidas, and Aeropostale.
- Online statements.
- Free ATM / Debit Card.
- ATM fees are automatically refunded worldwide.
- Transfer funds instantly between your checking, savings, and nVest Advisors-managed investment accounts.
- See your checking and savings account, investment, and even other outside accounts all in one place on the Betterment portal for our clients.
Betterment and nVest Advisors also proudly offer our clients individual and joint high-yield Cash Reserve savings accounts, FDIC insured up to $250,000 per account and currently yielding approximately 12 TIMES the national average bank rate: 4.0% APY!
These accounts are available to nVest Advisors’ clients totally free – no platform or advisory fees of any kind!
Reach out to us if you’d like more information on the Betterment Checking and Cash Reserve solutions for nVest Advisors clients.
Now offering optional cryptocurrency trading for nVest Advisors clients with accounts at Betterment.
Although nVest Advisors does not utilize cryptocurrencies or any digital asset such as non-fungible tokens (NFTs) in any of our client models, we know many of our clients have wanted to speculate with a small (and we mean SMALL) portion of their portfolio for a couple of years now. We’re happy to now be able to offer this additional service feature for our clients who use Betterment as their account custodian.
Betterment has partnered with Gemini Trust Company, LLC, a New York-based cryptocurrency trust, to offer a solution for nVest Advsiors’ clients seeking to diversify their holdings by using crypto.
As a general rule, we do not recommend cryptocurrencies for our clients, and our proprietary models do not employ the use of any digital asset classes. We do not anticipate changing that policy until the crypto space becomes more regulated and our clients’ assets are better protected in the crypto space.
However, we also want to allow our clients who wish to voluntarily add some cryptocurrency exposure to their investments, the opportunity to do so. We have therefore amended our current Client Service Agreement for Betterment accounts to include significant information about the cryptocurrency investing program now available to all of our clients at Betterment.
Adding this asset class carries significant additional risks not associated with most conventional investment asset classes, so before you open your cryptocurrency trading account at Betterment, you will be asked to sign a new client service agreement to include the changes for the cryptocurrency trading function.
If you are interested in opening a cryptocurrency trading account as part of your nVest Advisors investing experience, please let us know by scheduling a 15-minute meeting with us, so we can review how the crypto trading account differs from your current nVest Advisors-managed investment accounts and get your properly set up.
New Client Service Agreement for all clients at Betterment will go into effect on June 1, 2023.
To bring all of our client service agreements into compliance with all of the new products and services offered by the nVest Advisors / Betterment partnership, it will be necessary to have all of our clients using Betterment as a custodian update their previous Client Service Agreements with the new 2023 Client Service Agreement for accounts held at Betterment. The formal announcement of the change in our service agreement will be emailed to each affected client on or before May 1, 2023, and the new Agreement will replace all existing client service agreements at Betterment on June 1, 2023. Please watch your email for more information!
