Betterment may have cemented its leadership position among independent robo advice platforms with its announcement on Tuesday it has secured $100 million in its latest round of venture capital funding.

"We've always known that challenging the entrenched incumbent services would require a lot of capital," says Betterment CEO Jon Stein. "This amount gets us what we need to very much build out our vision." 

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