LOS ANGELES - Betterment is betting financial advisors will make better partners than competitors -- and is using a prominent wealth management exec to make the pitch.

Steve Lockshin, the chairman of Convergent Wealth Advisors and founder of platform services provider Fortigent, became an investor in Betterment last year; he says he is now devoting at least half his time to Betterment Institutional -- a digital service that the so-called robo advisor will be offering to planners as of this fall.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access