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BETTERMENT
Legal name: BETTERMENT LLC
CRD 149117File 801-70171
APPROVED
Retail clients
Custody
Disclosure events
Filing as of Jul 31, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$69.52B
Top 10% of cohort (national)
Discretionary AUM
$69.40B
Non-discretionary $123.2M
Clients
1,022,488
1,344,483 accounts
Employees
794
Top 10% of cohort in NY
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- NYRO
- Registration date
- May 21, 2009
- Principal office
- 450 WEST 33RD STREET, FLOOR 11, NEW YORK, NY, 10001
- Phone
- 212-228-1328
- Website
- https://www.betterment.com
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $69.52B
- Discretionary AUM
- $69.40B
- Non-discretionary AUM
- $123.2M
- Discretionary accounts
- 1,334,211
- Non-discretionary accounts
- 10,272
- Total accounts
- 1,344,483
- AUM per client
- $68K
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 806 | $347.6M |
| Charitable organizations | 11 | $1.3M |
| High net worth individuals | 24,685 | $17.12B |
| Pension and profit sharing plans | 4,792 | $5.43B |
| Individuals (other than high net worth individuals) | 992,194 | $46.63B |
Compensation & activities
ADV Items 5E, 5GCompensation
- A percentage of assets under your management
Advisory activities
- Other
- Financial planning services
- Portfolio management for other
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- Yes
- Firm Custody Clients
- Yes
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- No
- Related Person Custody Assets
- Yes
- Related Person Custody Clients
- Yes
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11- Q11
- Q11C1
- Q11C2
- Q11C4
- Q11C5
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Apr 1, 2026 | Employees | 631 | 794 | increased by163 |
| Apr 1, 2026 | Clients | 923,777 | 1,022,488 | increased by98,711 |
| Apr 1, 2026 | AUM | $56,368,684,129 | $69,524,492,986 | increased by$13,155,808,857 |
| Apr 1, 2026 | Accounts | 1,200,673 | 1,344,483 | increased by143,810 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 397 | 631 | increased by234 |
| May 1, 2025 vs Oct 1, 2022 | Disclosures | No | Yes | |
| May 1, 2025 vs Oct 1, 2022 | Clients | 698,415 | 923,777 | increased by225,362 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $33,838,765,280 | $56,368,684,129 | increased by$22,529,918,849 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 910,284 | 1,200,673 | increased by290,389 |
| Apr 1, 2022 | Employees | 325 | 397 | increased by72 |
| Apr 1, 2022 | Clients | 616,074 | 698,415 | increased by82,341 |
| Apr 1, 2022 | AUM | $28,268,139,608 | $33,838,765,280 | increased by$5,570,625,672 |
| Apr 1, 2022 | Accounts | 805,169 | 910,284 | increased by105,115 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “BETTERMENT” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“BETTERMENT” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.