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Betterment acquires Wealthsimple’s US accounts

Wealthsimple will transfer all of their existing U.S.-based customers to Betterment, and will no longer support accounts based in the U.S.

Betterment announced Thursday it has acquired Toronto-based robo-adviser Wealthsimple Inc.’s U.S. book of business, which manages $197 million in assets and more than 17,400 clients.

Wealthsimple will transfer all of their existing U.S.-based customers to Betterment, and will no longer support

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