Mmastodon BusinessBanking first seen 11 h ago, last 3 h ago, peak #9
Betterment to charge RIAs 0.20% custody platform fee
Original: For RIA custody, Betterment's platform fees will begin at 0.20% Betterment will roll out a new custody fee schedule for
Betterment will introduce a new custody fee schedule for registered investment advisers and other advisory firms starting next year, with platform fees beginning at 0.20%. The move positions the digital investment company more directly in the custody market for independent advisers, and industry watchers are weighing what the pricing means for competition with established custodians serving the RIA sector.
Why now: Betterment's entry into RIA custody pricing shakes up a market long dominated by traditional custodians
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