Kimberly Chehardy, who moved into the role of Chief Compliance Officer at Betterment less than a year ago, "is no longer with the company," according to a company spokesperson. Long-time employee Benjamin Alden, who is also the firm’s chief legal officer, has been named to the position, the company spokesperson confirmed.
That product is built on a banking network provided by StoneCastle, which also powers cash management features provided by Square’s Cash App, Acorns, MoneyLion and Qapital.
According to its most recent regulatory filings, Betterment has $16.4 billion in assets under management across more than 540,000 accounts.
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