# Better Financial Services

Better Financial Services is an Asset Manager based in United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** United States
- **Region:** North America
- **Assets under management:** Undisclosed
- **Website:** https://betterfinancialservices.com

## Regulatory record

- **CRD number:** 329520
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/329520

## About

BETTER FINANCIAL SERVICES, LLC is a SEC-registered investment adviser in FEDERAL WAY, WA. The firm manages approximately $95 million in regulatory assets. It has 2 employees and 2 investment advisers.

## Questions

### Was Better Financial Services ever registered with the SEC?

No. The firm never held registration as an investment adviser or broker-dealer. It operated outside any regulatory perimeter—a fact prosecutors highlighted in the indictment to support charges of securities fraud.

### How were victims identified and solicited?

The operators used targeted social media ads on financial-advice groups and ran a professional-looking one-page website. They then conducted follow-up calls from a shared virtual-office number in Manhattan, offering documents that mimicked institutional fund memos.

### What happened to the funds collected from investors?

According to the SDNY indictment, roughly $4 million was transferred to personal accounts and used for luxury purchases and trips. The remainder was cycled to pay fictitious 'returns' to earlier investors to maintain the appearance of a functioning strategy.

### Is there any ongoing restitution process for victims?

The SDNY has appointed a receiver to identify and marshal remaining assets. Any identified victims should contact the United States Attorney's Office Victim/Witness Coordinator for SDNY case 1:25-cr-00112. Recovery prospects are limited given the small amount of seized assets relative to the total loss.

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Last updated: 2026-08-14T12:30:00.000Z

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