Betterment Premium plan definition

Betterment Premium plan. The Wrap Fee is 0.40% on all assets in the Account, subject to the Discount. Any assets in the Account above $2 million will receive a Wrap Fee discount of 0.10% (“the Discount”). For example, if a Betterment Digital plan client holds $2,500,000 in the Account, the Account would be charged 0.25% on the first $2 million of assets and 0.15% on the additional $500,000. If a Client also has a 401(k) account through Betterment for Business, the balance of that account is not included in Client’s balance for purposes of calculating which assets are eligible for the Discount. There shall be four “Wrap Fee Periods” throughout the year, approximately coinciding with the calendar quarter. Wrap Fees are calculated based on the average portfolio value of all Assets of Client’s Accounts as of the close of each calendar day. Wrap Fees are calculated for each day of the Wrap Fee Period by applying the Wrap Fee Rate of Client’s plan in effect for the given day to Client’s Account Assets. The aggregate fee of the Wrap Fee charged for each Wrap Fee Period shall be the aggregate of the fee calculated for each day of the Wrap Fee Period. Payments will be due on the last Business Day of the Wrap Fee Period. Payments will also be due immediately upon notice provided by either party of intent to terminate of the Advisory Agreement and payments will be due prior to a withdrawal that is equal to or greater than 98% of the market value of the Account at that time minus the amount of fees due as of the date of such withdrawal. The value of the Account for purposes of this Advisory Agreement will be determined by Betterment in accordance with its normal practices and procedures and such determination will be binding on the parties to this Advisory Agreement absent bad faith or manifest error. The foregoing Wrap Fees may be reduced or waived in Betterment’s discretion. For example, employees of certain companies have agreements that entitle their employees to pricing that is lower than the Wrap Fees set forth herein. Unless these Clients elect to receive Betterment’s standard pricing, these Clients will not be able to include other Clients in a Household. * These fees are applicable to Client’s IRA and taxable accounts at Betterment. If Client also has a 401(k) account through Betterment for Business, that account is subject to a separate fee schedule. Clients may choose to elect a Smart Beta portfolio as the Investment Strategy for a goal. The Smart Beta portfolio is designed and man...
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Examples of Betterment Premium plan in a sentence

  • Participation in the Betterment Premium plan will entitle Client to an unlimited number of telephone consultations per year with a Betterment financial consultant, subject to the availability of such financial consultants, which may be adjusted to take into account scheduling needs of other Betterment Premium clients.

  • Clients who do not participate in the Betterment Premium plan are referred to as Clients of the “Betterment Digital plan.” If Client meets the Account Balance Threshold, Client will be able to elect to participate in the Betterment Premium plan, or to discontinue participation in such plan, by contacting ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇ or via the Interface.

  • Clients are charged a higher fee for participating in the Betterment Premium plan, as described in Section 17 (Compensation) below.

  • A person affiliated with Betterment who offers Supplementary Services to Clients who have elected to participate in the Betterment Premium plan or who otherwise receive Supplementary Services offered by Betterment from time to time.

  • Clients participating in the Betterment Premium plan will pay a higher asset-based fee than Clients participating in the Betterment Digital plan.

  • The Betterment Premium plan includes the advisory services provided through the Betterment Digital plan plus the non-discretionary financial planning services described in Section 10(B) of this Agreement.

  • If Client is part of a Household that participates in the Betterment Premium plan, Client hereby acknowledges and agrees that personal data regarding Client’s Betterment account may be shared with other members of such Household on telephone consultations such other members have with a Financial Consultant.

  • The non-discretionary investment advisory services described in Section 10 that Betterment offers to Clients who participate in the Program, meet the Account Balance Threshold, and have elected to participate in the Betterment Premium plan, as well as other Clients who are offered such Supplementary Services.

  • All members of a Household will participate in the same plan (i.e., the Betterment Digital plan or Betterment Premium plan) and be subject to the same Wrap Fee applicable to such plan.

  • Betterment Premium plan Clients will generally receive periodic updates, reminders, and other messages from a Betterment financial consultant to assist them in staying on track to meet their investment goals, but Betterment financial consultants will not monitor, or provide continuing advice on, accounts held at financial institutions other than Betterment.