Betterment charges an asset-based wrap fee that covers investment advisory, trading, and custody services. Retail clients pay $5/month if their total account balance is under $24,000. If the balance exceeds $24,000 or they enable a $200 monthly recurring deposit, they pay an annualized fee of 0.25% of their total account balance. HSA accounts are subject to an annualized fee of 0.50%. Betterment waives its wrap fee on client account balances held in SDI and in Cash Reserve. Premium plan clients pay a wrap fee of 0.65% of their account balance, which includes Betterment’s 0.25% annualized wrap fee plus 0.40% for access to Premium Services. Betterment waives the 0.40% fee for Premium Services on account balances above $1 million. Betterment Securities charges a fee of $75 per transfer for the full or partial transfer to another brokerage firm of any Account.