Skip navigation
The Daily Brief
computer finance data ipopba/iStock/Thinkstock

Betterment for Advisors Adds Trust Account Opening

Betterment for Advisors continues pushing for enhanced advisor-focused features.

Continuing its focus on the account-opening process, Betterment for Advisors announced it’s adding a Trust Account Opening feature to its advisor automated investing platform. Betterment previously had a client-initiated trust account opening process; this is the first time advisors can manage the entire paperless process, said the firm.

The news comes on the heels of Betterment for Advisors’ partnership with financial planning provider RightCapital and in response to feedback received from advisors on the platform. Earlier this year the firm rolled out a paperless streamlined rollover process designed to be initiated by the advisor’s client.

The Trust Account Opening will allow advisors to open trust accounts on behalf of clients who already have an established trust. Clients will need to review and sign off on the details.

Want The Daily Brief delivered directly to your inbox? Sign up for WealthManagement.com’s Morning Memo newsletter.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish