Betterment acquires US investment advisory portfolio from Wealthsimple

Betterment acquires US investment advisory portfolio from Wealthsimple

Through this strategic acquisition, Betterment is expanding its customer base and continues to accelerate its growth.

NEW YORK, March 4, 2021 / PRNewswire / – Betterment, a leading online financial services company, announced today that it has acquired the U.S. portfolio of Wealthsimple. In the coming months, Wealthsimple will move all of its US-based clients to Betterment and no longer support US-based accounts.

Improvement

Betterment, well known for being the first automated investment service to enter the market, was selected through a competitive process as a partner for this acquisition. Wealthsimple was looking for an established business with a solid reputation, as well as a business that emphasizes the best interests of its clients.

Wealthsimple clients who decide to …

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