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Other - DECEMBER 19, 2018

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Betterment adding commodities to adviser platform

by Andrea Zander

Betterment is expanding the menu of asset classes available to advisers using the white-label version of the digital-advice platform, reported Investment News.

Beginning Wednesday, advisers can customize client portfolios managed by Betterment for Advisors with exposure to commodities from GraniteShares’ Bloomberg Commodity Broad Strategy No K-1 ETF (COMB).

The addition of commodities is an expansion of Flexible Portfolios, a program Betterment for Advisors launched in March to give financial advisers more control over how client money is invested on the technology platform.

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