Betterment · Betterment Privacy Policy

Data Retention Practices

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Why it matters

Your personal and financial data may be kept by Betterment for extended periods after you stop using the service, limiting your ability to fully remove your information.

Consumer impact

Betterment collects a broad range of personal and financial information, including transaction history, device data, and in some cases sensitive identifiers, and may share this with affiliates and third-party marketing partners. Users should be aware that their data can be used for cross-context behavioral advertising and joint marketing, although opt-out mechanisms are available. You can opt out of data sharing for marketing purposes by visiting Betterment's privacy settings or submitting a request through their designated privacy request portal.

What you can do

⚠️ These actions may provide transparency or partial mitigation but may not fully address the underlying issue. Effectiveness varies by jurisdiction and individual circumstances.
  • Close Your Account
    To close your Betterment account, log into the app or website and follow the account closure process in account settings. Note that some personal data will be retained after closure for regulatory compliance purposes.

Applicable agencies

  • SEC
    The SEC mandates record retention requirements for registered investment advisers, which directly affects how long Betterment retains customer financial data.
    File a complaint →

Provision details

Document information
Document
Betterment Privacy Policy
Entity
Betterment
Document last updated
March 24, 2026
Tracking information
First tracked
March 20, 2026
Last verified
March 20, 2026
Record ID
CA-P-001120
Document ID
CA-D-00212
Evidence Provenance
Source URL
Wayback Machine
SHA-256
0f2110f14291cf686bc8bd3141eab2a3228c5db82a5b1a6f096668a1bee8fbf8
Verified
✓ Snapshot stored   ✓ Change verified
How to Cite
ConductAtlas Policy Archive
Entity: Betterment | Document: Betterment Privacy Policy | Record: CA-P-001120
Captured: 2026-03-20 11:15:44 UTC | SHA-256: 0f2110f14291cf68…
URL: https://conductatlas.com/platform/betterment/betterment-privacy-policy/data-retention-practices/
Accessed: April 4, 2026
Classification
Severity
Low
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