Betterment publishes Form CRS (Customer Relationship Summary) and Form ADV Part 2, which are SEC-mandated disclosure documents required of registered investment advisers describing services, fees, conflicts of interest, and the firm's disciplinary history.
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
This provision discloses that Betterment operates as a registered investment adviser subject to SEC Regulation Best Interest and Form CRS delivery requirements, and that Form ADV Part 2 brochure disclosures are available to customers as required under the Investment Advisers Act.
Under applicable SEC requirements, Betterment is required to provide Form CRS to retail investors at the time of account opening and Form ADV Part 2 to advisory clients, both of which contain material information about fees, services, conflicts of interest, and the firm's regulatory status.
Cross-platform context
See how other platforms handle Form CRS and Form ADV Part 2 Disclosures and similar clauses.
Compare across platforms →"Disclosures Form CRS Also review our Form CRS Conversation Starters. Form ADV Part 2Excerpt from Betterment's Terms of Use
1) REGULATORY LANDSCAPE: Form CRS delivery is required under SEC Regulation Best Interest (Reg BI) for broker-dealers and SEC Form ADV Part 2 delivery is required under the Investment Advisers Act of 1940 for registered …
Enforcement risk, jurisdiction flags, contract triggers, and due diligence action items.
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.
This provision discloses that Betterment operates as a registered investment adviser subject to SEC Regulation Best Interest and Form CRS delivery requirements, and that Form ADV Part 2 brochure disclosures are available to customers as required under the Investment Advisers Act.
Under applicable SEC requirements, Betterment is required to provide Form CRS to retail investors at the time of account opening and Form ADV Part 2 to advisory clients, both of which contain material information about fees, services, conflicts of interest, and the firm's regulatory status.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Betterment.