Betterment Acquires Makara (Argonaut Asset Management)
February 8, 2022
Betterment agreed to acquire Argonaut Asset Management Inc., d/b/a Makara, bringing Makara’s SEC-registered crypto portfolio management capabilities and team into Betterment’s platform. The acquisition lets Betterment offer expert-built, diversified cryptocurrency portfolios to retail customers and financial advisors, accelerating the firm’s entry into digital assets.
- Buyers
- Betterment LLC, Betterment Holdings, Inc.
- Targets
- Argonaut Asset Management Inc. (d/b/a Makara)
- Industry
- Wealth Management
- Location
- Washington, United States
- Transaction Type
- Buyout
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