Frequently Asked Questions

Your investments are managed by Lumen Advisers, a private family office and consulting firm for individual families, investors, and select institutions.

Existing Betterment clients can participate in the personalized social impact strategies by responding to the questions in the signup process.  After reviewing your responses, we will send you a code for you to enter into your Betterment dashboard.  This will provide access to the strategies to which you can then transfer funds.

The strategy and risk level you select for your Sparo Impact Fund is associated with a preselected charity.  In the future, you will have the option to select your favorite charity from a larger list associated with the impact goals of the strategy.  You may view the charities at any time in your financial dashboard.

The investment strategies are designed to be competitive with similar portfolios with an added benefit of knowing your portfolio is designed to be socially responsible.

Obtaining the benefits of the Sparo Impact Fund is easy.  Click Get Started and answer some questions related to your financial goals. You will then be invited to access and fund the strategy via a Betterment account. You will then receive an email regarding your philosophy related to health and social impact to guide where we donate a portion of your administrative fees.

Your investment provides assistance to health and social causes in two ways.  First, the strategies are optimized to invest in companies that themselves are socially conscious and meet your criteria.  Second, a portion of your management fees are donated to charities related your health and social principles.

Betterment is the financial institution that holds the funds and from which financial transactions and trades occur.

The Sparo Impact Fund is backed by an algorithmic investment strategy that automates and optimizes the investment based upon modern portfolio theory.  Our investment strategy takes in more than 90 investment decision points paired with expert input from our financial advisors to continuously optimize the portfolio for the return on investment from socially conscious investments matching your goals.

The socially responsible investment strategies within the Sparo Impact Fund are good for anyone interested in ensuring their investments support combines matching their health and social principles paired with personal aims for financial growth.

The investments are offered through P3 Capital is a state registered investment advisory, who has recently been selected to participate in the Betterment for Advisors platform.  Under this relationship, customers of P3 Capital and Betterment are granted access to P3 Capital’s Proprietary Investment Strategies.  These strategies are designed to incorporate the individual investor biomarkers, behavioral outlooks, and social sentiment into a clients ongoing investment strategy and portfolio persona.  Clients of P3 or Betterment have access to custom portfolios that are reflective of where they want to be, how they feel, what they believe in. This approach creates full alignment between the portfolio’s performance, the investors insights, and interest areas.

Customer services is provided by P3 Capital.