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Honestly surprised this is so low. Have they been doing poorly? How does Betterment compare these days?
by rattray 5y ago
Honestly surprised this is so low. Have they been doing poorly?
How does Betterment compare these days?
- deleted 5y ago[deleted]
- trimbo 5y agoBetterment has ~$30bn AUM. Neither that nor Wealthfront's $27bn AUM are considered a lot in that industry. My brother-in-law works at a midwestern wealth advisor most have ever heard of that manages $10bn. There are a lot of small firms the $1-$10bn range. And those advisors typically take 1+%/yr. At 0.25%, Wealthfront would have had to have $40bn AUM to have equivalent revenue, not to mention WF took $200M in VC money to build it.