Before setting up your account please visit this link: FOR NEW CLIENTS.
Below you can find answers to frequently-asked questions about the services provided by Allocationlink, Maranantha Financial, and Betterment. You can also get more in depth FAQs from Betterment’s website, click here. Have a question not discussed below? Email us: support@maranantha.com
- What is a Fiduciary?
- Someone that is legally required to work in their client’s best interest.
- What does it mean to be Fee-Only?
- It means that they are a fiduciary and they do not receive commissions or referral fees.
- Where can I find out how much I am paying?
- The best place to look is in the ADV Part 2, there will be a Fee Schedule in there. A good financial firm will list their fees upfront on their website. AllocationLink.com has a fee of 0.75% and Betterment’s fee is 0.20% so it is 0.95% in total.
- Will I pay trade commission fees or trade fees?
- No commissions, no trade fees.
- Do I need to sell my current positions to transfer to Betterment? Will this incur a taxable event?
- Yes, you will need to have your portfolio in cash to transfer into Betterment. If your assets are held in a taxable account, then yes they will be taxable.
- What is the minimum balance to open an account with Allocationlink?
- The system is set to handle accounts from $250 – $3,000,000.
- What is the relationship between Allocationlink, Maranantha Financial, and Betterment?
- Maranantha Financial is a Registered Investment Advisor in the State of California and Oregon offering financial planning and investment advisory services. Allocationlink.com is a website we created to help people sign up for investment advisory services. Betterment is a leading technology platform to help investors using low cost ETFs. Learn more about Betterment click here.
- Why did you choose to partner with Betterment?
- We researched many technology platforms and we found Betterment to be the best. To learn more, click here. The platform with Betterment offers a very easy process to sign up and be connected to your account. Their fee of 0.20% is included in the 0.95%
- How do I know which investment model is right for me?
- You will have the ability to change the model if you need to but it’s a function of your risk tolerance, goal for the account and amount of time you have for the money.
- What is an ETF?
- ETF stands for Exchange Traded Fund, it is simply a basket of stocks, bonds and cash that is put together for investors as a low-cost way to invest.
- What should I know about ETF vs. Mutual Fund costs?
- Mutual Funds have internal costs that are on average more expensive that ETFs.
- How long does it take to transfer money to Allocationlink?
- If you’re opening an account, you will be able to FUND the account via bank link, wire, check or transfer. Typically a transfer will take 7-14 days, we will need a recent statement and you will need to sign a transfer form.
- Can I choose to add individual securities to my portfolio?
- If you are looking to add individual securities, we’ll have to put them into one of our TD Ameritrade or Motif platforms. You can set this up by contacting support@maranantha.com