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The SEC’s 564-page rule shows the new disclosure could prove time-consuming, even vexing, for firms.

The decision marks a shift for firm, which has largely ridden its equity-fund offerings.

The offering would mirror a similar move by Charles Schwab to offer clients a new pricing plan for its robo service.

The bank has been slashing expenses, but executives acknowledged they remain high. Between having to hire thousands of compliance employees and waiting on the next CEO to be named, investments in new technology or other long-term growth are limited.

The group cited "confusion" among certified planners sparked by passage of the SEC's less-strict Regulation Best Interest.

More than one-third of the $1 billion new assets on the digital advice platform are from new clients.

The interim CEO told analysts Tuesday that the company remains committed to hiring an outsider who isn't connected to its scandals of recent years.

Expense ratios associated with the new products range from 0.05% to 0.07%.

The advice industry’s current structure is “dumb” and in need of fixing, according to Betterment CEO Jon Stein.

The transition is expected to take place within the next 12 to 18 months, however the firm says it will still manage the products’ underlying investments.

Overall donations to charity organizations fell by 1.7%, while total individual giving decreased by 1.1%, the first drop since 2013.

Regulators are asking cannabis fund providers to produce third-party legal opinions verifying they don’t violate state or federal laws.

The brokerage may pay about $2 billion for the additional advisory clients, according to reports.

David Ahlquist is the latest addition to the firm’s growing employee broker-dealer.

Independent Advisor Alliance also started a robo advisor under Betterment for Advisors after adding more than $2 billion in assets over the past 12 months.

A new report asks whether the products have the potential to spark another crisis despite being created at the urging of the SEC to reduce risk.

The independent broker-dealer differentiates itself from competitors by offering an active portfolio and by giving access to advisors rather than clients.

Home prices are outpacing wages in about 40% of markets, while 61% were less affordable than the historic average, data shows.

Hyperpersonalization delivered via improved technology is critical for client relations, a new report says.

Since introducing an ongoing fee model, the platform has seen a 25% rise in account openings, according to the firm.