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WealthSimple vs Betterment

WealthSimple is a good robo-advisor with socially responsible and Halal investment options, though fees are high. How does it compare to Betterment? Read our comparison chart below.

WealthSimple offers auto-investing with support from real advisors, including a free portfolio review of all your finances. However, fees are higher at 0.5% for accounts $100k and less (and 0.4% for accounts over $100k). It also stands out by offering socially responsible and Halal investment options. There is no minimum to open an account.

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

 WealthSimple
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WealthSimple

Betterment

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Benefits and Features

Annual Fee0.5% for accounts up to $100k; 0.4% for accounts over $100k0.25% for accounts under $100,000; 0.40% for accounts $100,000+
Minimum Deposit
$0
$0
Phone SupportYes - M-Th 9a-8p ET; Fri 9a-5:30p ET
Yes
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors
Yes
Yes
Assets Under Management
$2 Billion
$10 Billion
Tax Loss HarvestingAvailable for accounts over $100,000
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
Yes
Yes
529 Plans
No
No
 

CreditDonkey® Reviews

 WealthSimple
Annual Fee
Minimum Deposit
Human Advisors
Customer Service
Social Responsibility
Pros & ConsPros:
  • Human advisors
  • No minimum investment
  • Socially responsible and Halal investment options
Cons:
  • Higher fees than competitors
  • No personal finance tools
  • Tax loss harvesting only to high balance accounts
Pros:
  • No minimum investment
  • Many customized portfolios
  • Automatically invest extra funds
Cons:
  • Limited investment options
  • High fees for large investors
Bottom LineGood robo-advisor with socially responsible and Halal investment options, though fees are high... Read full reviewGreat robo-advisor for beginners with low fees, good tools, and tax strategies... Read full review
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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

WealthSimple: Pricing information from published website as of 06/14/2018

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

Which is Better: WealthSimple or Betterment?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing WealthSimple or Ally Invest.

In short: WealthSimple's human advisors is noteworthy. Betterment's annual fee is noteworthy.


Explore WealthSimple In-Depth


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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