03 Oct Syncing External Accounts to MyRoboAdviser™
Syncing external accounts to MyRoboAdviser™ is simple and easy. To sync an external account, log in from a web browser, scroll down on the home screen and click “Sync external accounts”. Enter your financial institution and follow the steps to link your account to MyRoboAdviser™.
Why you should consider syncing external accounts to MyRoboAdviser™:
- All of your wealth in one place
- Opportunities to grow idle cash
- More personalized advice
All of your wealth in one place:
The primary advantage to syncing your external accounts to MyRoboAdviser™ is to see your combined asset allocation across all of your accounts. This capability will allow you to review your combined asset allocation and decide if you need to adjust certain accounts in order to reach your desired total portfolio asset allocation. Your different accounts should work in tandem with each other, thus the benefit of being able to see them all together cannot be overstated. Betterment, MyRoboAdviser’s custodian and technological partner, updates your synced account data automatically, every day, so you’ll always have the most current balances in the funds in which you’re invested.
In addition to investment accounts, you can sync your loan, mortgage, and credit card accounts you can also add any real estate assets or other property, for a full picture of your household balance sheet and total net worth.
Opportunities to grow idle cash:
For your synced accounts, you can now see where you’re holding onto too much cash. Betterment will classify any cash or cash-equivalent securities, including currencies and money market funds held in investment accounts as idle cash. Holding onto excess cash may reduce your investment returns over time.
More Personalized Advice:
Syncing your external accounts allows Betterment to tailor their advice specifically to you, and helps them keep that advice up-to-date. After you sync your external accounts, Betterment will be able to provide a suggested asset allocation in accordance with your goals that you enter into Betterment. Betterment will provide a judgement of whether you’re “on-track” or “off-track” based off your total portfolio as opposed to simply the assets in Betterment if you did not link any external accounts.
If you have any questions about holdings in your account or one of our models, or perhaps have another question about our services, you can contact us directly at 920.785.6012 or email us at [email protected]. MyRoboAdviser™ has partnered with Betterment for Advisors as our technology solution to provide our services to our clients. Betterment maintains a support line you can also call for help with navigation, linking your accounts or other site functionality. You can call the Betterment for Advisors support line at 800.400.1571.
Last updated, October 2, 2018
Disclosures: Content contained herein is presented is for informational and educational purposes only and is not intended as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies, nor shall it be construed to be the provision of individualized investment, tax or legal advice. You should consult with your tax professional with questions related specifically to your circumstances.
My Robo Adviser is a digital investment service advised by ETF Model Solutions, LLC. Investments recommended by My Robo Adviser™ involve risk and will fluctuate in value. Unless otherwise stated, investments are not insured or guaranteed. May lose money. My Robo Adviser™ utilizes the platform and technology services of Betterment LLC, an SEC Registered Investment Adviser. Betterment provides the wrap fee program that assists us in providing our services to you. Custody and trading services for the program are provided by Betterment Securities, an SEC registered broker-dealer and member FINRA/SIPC.
My Robo Adviser’s services are specific to the investment goals that you identify. We do not provide comprehensive financial or tax planning. Our advisory services rely upon an algorithm designed and maintained by Betterment to assist us in determining our portfolio recommendations. Unless you directly consult with My Robo Adviser™ advisory personnel, the algorithm is the sole basis of the advice.
Clients and perspective clients should be aware that certain tools and content on the Betterment, LLC website, including projected returns, functionality, tax-coordinated portfolios and links to investment philosophy, research, educational materials and FAQs apply solely to Betterment’s 2-dimensional portfolios and may not apply to MyRoboAdviser.com’s 3-dimensional investment recommendations.
Existing My Robo Adviser™ clients are reminded to login and update personal information whenever their goals or personal financial circumstances change. Clients should also confirm that their current goal allocation is aligned with the recommended target allocation provided for each goal. Clients with questions regarding their account, personal financial circumstances, goals, or an investment allocation with respect to our service should contact us via email or telephone.
Prospective clients contemplating opening an account with My Robo Adviser™ are advised to read My Robo Adviser’s Form ADV Brochure, Part 2A for important disclosures about our services, business practices, the costs and risks of investing, and other important considerations prior to opening their account. You can access the most recent version of our Form ADV via a link on our website.