Jack Groom is a registered investment advisor at Betterment, based in Denver, CO, with 3 years of industry experience. Jack operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, Retirement Planning. Their firm serves 923,777 clients with $56B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Betterment charges an asset-based fee for its investment advisory services.
Retail clients pay a $5 per month fee if their total account balance is under $24,000 and they do not have a monthly $200 recurring deposit. If the balance exceeds $24,000 or they have a $200 recurring deposit, they pay 0.25% annually. Clients with a Solo 401(k) pay 0.25% annually. HSA accounts are subject to an annualized fee of 0.50%. Premium clients pay 0.65% annually, which includes a 0.40% fee for access to financial consultants. The 0.40% fee is waived for balances above $1 million. Betterment waives its fee on balances held in self-directed investing and Cash Reserve accounts.
Location
Denver, CO
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Jack works as a dog walker, dedicating minimal time to this activity. This activity is not investment-related.
Employment History
Current Registrations
Betterment
Previous Registrations
Fidelity Personal and Workplace Advisors
Fidelity Brokerage Services LLCBroker
Robinhood Financial, LLCBroker
Morgan Stanley
Morgan StanleyBroker
State Registrations3 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.