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
Changes will be effective 10 days following posting the updated Policy on the Website.
Any changes will become effective when we post the revised Privacy Notice.
those changes will be effective only to the extent that they can legally apply.
"Any changes to the privacy policy will be reflected on this page and will become effective immediately upon posting.Excerpt from Betterment's Privacy Policy
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The clause states: “Any changes to the privacy policy will be reflected on this page and will become effective immediately upon posting.”
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