New customers and assets to extend the retail platform for improvement scale for improvement
NEW YORK,, February 26, 2025 / Prnewswire / – ImprovementTHE The biggest independent digital investment advisor In The United StatesToday announced that it had acquired the automated investment company of Ellesvest, the investment and wealth management company built by and for women.
Bettering today serves more than 900,000 customers throughout The United States and manages more than $ 55 billion in assets. This announcement follows other acquisitions of recent improvements, in particular the acquisition of the American accounting accounts of Wealthsimple in 2021 and Marcus Invest the accounts of Goldman Sachs in 2024.
“This acquisition further cements our leadership in the digital investment space,” said Sarah LevyCEO of Betterment. “We are impatient to welcome customers from Ellevest to Betterment and continue to support them on their wealth creation trips.”
“While we focus on our growing wealth management and financial planning activities, Betterment was the natural house of our digital customers. Sylvia KwanCEO of Ellevest and CIO. “We have built a platform that facilitates investment in a way that works for the needs, objectives and values of our customers – and the same goes for improvement under the direction of their CEO, Sarah Levy. “”
Betterment offers a combination of powerful technologies and personalized support to meet customers where they are. The customers of Ellevest who transfer their accounts to Betterment will benefit from automated investment, diversified portfolios and precious tax tools. They will also have access to a range of account types, planning tools, educational resources and human advisers.
Subject to certain closing conditions, Ellevest will transfer their automated investment accounts to Betterment on or on April 17, 2025. Customers will have the opportunity to withdraw from this transfer if they choose to do so. Betterment will only acquire automated investment accounts of ELLEVEST only under management; He will not acquire accounts, technologies, employees or additional operations as part of the transaction.
With a mission to obtain more money in the hands of women, Ellevest will continue to offer financial planning and wealth management services to individuals, families and institutions of high net value and ultra $ 500,000 Or more.
For more information, please visit www.betterment.com.
About improvement
Bettering LLC (“Betterment”) is the largest independent digital financial advisor, using automated technology powered by human expertise to fulfill a singular mission: to improve people’s lives. Launched in 2010, today Betterment helps more than 900,000 customers to manage $ 55 billion in assets. The vast offer of Betterment products includes taxable investment, retirement, high -performance cash, intelligent tax tools, 401 solutions (K) for growing businesses and services and solutions for independent advisers.
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About Ellevest
Ellevest was founded in 2014 by Sallie Krawcheck With a mission to get more money in the hands of women. Appointed the 8th investment advisor recorded in the fastest growth expenses in the United States with assets of $ 1 billion +, the ELLEvest team of financial advisers and Planners of ELLEvest helps customers to build and manage their wealth thanks to intentional impact investment and financial planning. Visit Ellevest.com For more information.
Press contact: (Protected by e-mail)
In addition, this version should not be interpreted as an approval or testimony by Ellevest or Betterment.
Source Betterment
