New York based automated advisory service for wealth management is adding FDIC-insured checking and savings account services through partnerships with several banks.
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Betterment adds checking and savings products
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“I believe that the average American is very poorly served by both institutions,” says Stein. “Banks make money off of net interest margins, putting you into debt, or annoyance fees. On the other hand, most of the trading firms also make money when you do bad things. I believe that people need a cash advisor. One who aligns with them in a fiduciary sense and helps them make the most of their savings.”
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