Betterment For Business is affiliated with Betterment Securities, a full-service broker dealer. Technically, that means Betterment Securities is the legal custodian of client assets. However, all assets are held and are cleared through Apex Clearing Corporation (Apex) for taxable accounts and SunWest for retirement accounts.
As a broker dealer, Betterment Securities is subject to the same regulations that FINRA and the SEC hold Fidelity, Vanguard, Charles Schwab and TD Ameritrade to (to name a few). For example, Betterment is required to keep client assets separate from corporate assets and we have capital requirement minimums we must adhere to.
