Betterment planners get access to DFA’s mutual funds
By Sean Allocca
Betterment is teaming up with a Dimensional Fund Advisors to offer new mutual funds to its advisory network, building out a platform that now serves 450-plus registered investment advisors.
Dimensional, which manages $569 billion in client assets, offers equity and fixed-income mutual funds on the Betterment for Advisors network. The firm does not break down assets under management on its advisor platform, but says it is currently managing $16 billion in assets among its retail and business-to-business segments.