Betterment for Advisors to Offer Dimensional Funds

NEW YORK, April 11, 2019 /PRNewswire/ -- Betterment for Advisors announced today the upcoming addition of a new fund family that advisors can use to manage their clients' investments, Dimensional Fund Advisors (Dimensional). Advisors who have access to Dimensional funds will be able to design and manage Dimensional fund-based portfolios directly on the Betterment for Advisors platform.

With a 37-year track record and $576 billion in firm-wide assets under management, Dimensional is a leading global investment firm that translates academic research into practical investing solutions that are widely recognized in the financial services industry.

"We've long been admirers of the strong community that Dimensional has built among financial advisors," said Jon Stein, Founder & CEO of Betterment. "Dimensional has been on the wish list since the early days of our advisor platform. We're excited to deliver Dimensional funds in an efficient and low-cost way."

With this new launch, advisors with access to Dimensional funds will be able to leverage Betterment's core technology around integrated, automated portfolio management with Dimensional funds, saving advisors time and greatly improving the experience for their clients. Dimensional funds will be available on the Betterment for Advisors platform with no additional per transaction trading fees.

"We are constantly looking to help the advisors we work with deliver outstanding client experiences by providing them with solutions and access to value-added services," Dimensional Co-CEO Dave Butler said. "We believe Betterment for Advisors has a strong track record of delivering innovative tools and technology. We're excited to work with Betterment to help advisors advance their businesses."

Since its launch, Betterment for Advisors has continuously evolved its platform based on the feedback of advisors. The introduction of Dimensional funds follows a series of improvements and enhancements made to enable advisors to tailor investments for their clients on the Betterment for Advisors platform. These enhancements include improvements to its allocation advice, access to additional portfolio strategies including Flexible Portfolios, SRI Portfolio, BlackRock Target Income Portfolio, Goldman Sachs' Smart Beta Portfolio, and the Vanguard model portfolios. More broadly, other developments include a new robust advisor dashboard experience, access to commodities, a trust account opening feature, an ACATs tool, and much more.

Dimensional funds are expected to be available on the Betterment for Advisors platform in Q3. For more information, please visit https://info.bettermentforadvisors.com/dimensional.

Contact Info:
Joe Ziemer, [email protected], 212-228-1328

Arielle Sobel, [email protected], 212-228-1328

Danielle Shechtman,[email protected], 212-228-1328

About Betterment for Advisors
Betterment for Advisors is a leading digital-first wealth management platform. By combining our technology with an advisor's personal touch, we are reimagining what's possible in wealth management. Our automated, tax-efficient portfolio management, paperless back office, and intuitive user experience empower advisors to grow their businesses and build deeper client relationships. Hundreds of firms trust Betterment for Advisors to custody and manage client assets. For more information visit www.advisors.betterment.com.

About Dimensional Fund Advisors
Dimensional Fund Advisors is a leading global investment firm that has been translating academic research into practical investment solutions since 1981. Guided by a strong belief in markets, they help investors pursue higher expected returns through advanced portfolio design and careful implementation. With clients around the world, Dimensional has 13 offices in nine countries and global assets under management of US$576 billion as of March 31, 2019. Learn more at us.dimensional.com.

Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Determination of largest independent robo-advisor reflects Betterment LLC's distinction of having the highest number of assets under management, based on Betterment's review of assets self-reported in the SEC's Form ADV, across Betterment's survey of independent robo-advisor investing services as of August 20, 2018. As used here, "independent" means that a robo-advisor has no affiliation with the financial products it recommends to its clients.  If you also have a 401(k) account through Betterment For Business, that account is subject to a separate fee schedule and is not included in your balance for determining eligibility for the fee tiers or subject to the fee cap mentioned above.

SOURCE Betterment for Advisors

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