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SoFi Wealth Management vs Betterment

SoFi Wealth Management is a solid robo-advisor for young investors with low fees, personalized advice, and career guidance. How does it compare to Betterment? Read our comparison chart below.

SoFi Wealth Management blends robo-investing with human guidance. It charges no service fees for accounts under $10,000 (otherwise - 0.25%). Real human advisors are available to provide personalized advice. In addition, SoFi Wealth provides free career coaching and access to exclusive SoFi events. The minimum to open an account is $100.

While Betterment offers automatic investing starting at an annual fee of 0.25% of your account balance. There is no fee to open an account and no minimum deposit required. All balances get automatic rebalancing, tax loss harvesting, and access to financial experts.

Compare SoFi Wealth Management with Betterment, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 

SoFi Wealth Management

Betterment

 

Benefits and Features

Annual FeeNone for accounts under $10,000; 0.25% for accounts over $10,0000.25% for accounts under $100,000; 0.40% for accounts $100,000+
Minimum Deposit
$100
$0
Phone Support
Yes - normal business hours
Yes
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors
Yes
Yes
Assets Under Management
$12 Million
$10 Billion
Tax Loss Harvesting
Coming Soon
Yes
Goal Tracker
No
Yes
Automatic Deposits
Yes
Yes
Online Platform
Yes
Yes
iPhone App
Yes
Yes
Android App
Yes
Yes
Single Stock Diversification 
No
Fractional Shares
Yes
Yes
Taxable Accounts
Yes
Yes
401k Plans
No
Yes
IRA Accounts
Yes
Yes
Roth IRA Accounts
Yes
Yes
SEP IRA Accounts
Yes
Yes
Trust Accounts
No
Yes
529 Plans
No
No
 

CreditDonkey® Reviews

Annual Fee
Minimum Deposit
Human Advisors
Customer Service
Pros & ConsPros:
  • Free personalized advice
  • Low minimum investment & fees
  • Access to SoFi events & career coaching
Cons:
  • Limited investment options
Pros:
  • No minimum investment
  • Many customized portfolios
  • Automatically invest extra funds
Cons:
  • Limited investment options
  • High fees for large investors
Bottom LineSolid robo-advisor for young investors with low fees, personalized advice, and career guidance... Read full reviewGreat robo-advisor for beginners with low fees, good tools, and tax strategies... Read full review

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

SoFi Wealth Management: Pricing information from published website as of 06/14/2018

Betterment: Pricing information from published website as of 04/04/2018

Which is Better: SoFi Wealth Management or Betterment?

In short: SoFi Wealth Management's human advisors is outstanding.


Explore SoFi Wealth Management In-Depth

    SoFi Wealth

    You may know SoFi as a lender, but they also provide investment services. They are trying to compete with the big guys by offering an aggressively competitive fee structure. Does it make sense to invest your money where you also borrowed money? Could it be worth it to have all of your accounts in one place?

Explore Betterment In-Depth

    Betterment Review

    Betterment is one of the most popular robo-advisors with low fees and no account minimum. But is it safe? Read this review to see if Betterment is worth it.

Which Do You Think is Best?


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