CNBC in a post today reports on Betterment, calling it "one of several relatively new online services offering investors automated financial advice and money management, often at a discount to traditional financial planners." CNBC also mentions and links to Wealthfront, Personal Capital, FutureAdvisor, Hedgeable and Covestor.
The story conclusively shows that mass media outlets have discovered the new generation of online financial advice apps that replace advisors, and it marks the opening of a new chapter in the evolution of the American consumer in personal financial management
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