Lucia Mihalek is a registered investment advisor at Betterment, based in New York, NY, with 1 years of industry experience. Lucia 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
450 West 33rd Street, Floor 11, New York, NY, 10001
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Current Registrations
Betterment
State Registrations3 states
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