This analysis describes what Betterment's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
The updated policy discloses a new Fully Paid Securities Lending program through Apex Clearing, under which Betterment will share customer personal information and account details with Apex if customers choose to participate. The revised terms also establish that generative AI service providers have committed that personal information will not be used for model training. For customers participating in promotional offers requiring offline fulfillment, the policy now explicitly states that personal information including mailing address may be shared with third-party partners. You can review the FPSL Program supplemental disclosures for details about the securities lending arrangement, or choose not to participate in the program.
View change record →How other platforms handle this
We use encryption to keep your data private while in transit
We work to protect the security of your personal information during transmission by using encryption protocols and software.
We implement reasonable technical and organizational safeguards to protect the information we hold, and we require our service providers to do the same.
"We also do not offer financial incentives, preferential service agreements, or any other differences in our prices or services in exchange for your data.Excerpt from Betterment's Privacy Policy
Get the research letter
Companies change their terms quietly. We read every version and catch what actually changed. One email a week on the changes that matter and what they mean.
The clause states: “We also do not offer financial incentives, preferential service agreements, or any other differences in our prices or services in exchange for your data.”
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Betterment.