Betterment sets 0.20% and 0.12% RIA custody fees starting Jan. 1
AI Summary- Betterment will introduce a new custody fee schedule for RIAs and advisory firms.
- Firms under $10 million pay 0.20%; those above $10 million pay 0.12%.
- Cerulli found 22% of RIAs used three or more custodians at 2024-end.