Betterment Securities is the custodian of your clients’ assets. This means that Betterment Securities is responsible for handling your clients’ funds and keeping all records of their assets, which are reconciled every day against the records of Betterment Securities’ third-party clearing broker-dealer. Betterment’s affiliation with Betterment Securities provides flexibility to control the entire client experience without sacrificing safety of client assets or subjecting clients to additional fees.
Sunwest Trust, Inc. serves as custodian for all Betterment IRA accounts.