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Enrichment from market-tested betterment will go on and on and, over the next century or so, will bring comfort in essentials to virtually everyone on the planet, and more to an expanding middle class.
Betterment will use the new capital to hire more engineers and rol out new products, such as an IRA.
Betterment will help you design a portfolio from these ETFs based on your risk tolerance and will rebalance your portfolio to maintain that asset allocation.
We do what we can to improve culture but employees who are empowered by their own quest for betterment will upset the balance.
In addition to the percentage of assets fee, Betterment will charge a $1,500 annual administrative fee to plans with less than $1 million in assets.
Once your portfolio is established, Betterment will rebalance it as needed as funds change in value.
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Betterment accounts will be free to Uber drivers for one year (the investment company usually charges a small fee to maintain an account) with no minimum balance.
But if you want to automatically invest in a diversified portfolio of four ETFs (the kind of portfolio you might set up at Betterment), you'll have to pay four $3.95 fees--or a prohibitive $15.80 for every $100 contribution you want to make to your Roth.
The company boasts Betterment for Business will be cheaper, easier and more personalized than anything now available on the market.
Whether Betterment for Business will be cheap enough to induce more small companies to start new plans remains to be seen.
Their contributions to the advancement of science and betterment of society will be valued in the decades to come.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com