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Betterment vs Acorns

Betterment is a great robo-advisor for beginners with low fees, good tools, and tax strategies. How does it compare to Acorns? Read our comparison chart below.

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.

While Acorns is geared towards young investors who have trouble saving. This investment app automatically rounds up and invests your spare change whenever you make a purchase. The service fee is waived for college students. Otherwise, the fee starts at $1/month for accounts under $5,000. There is no minimum to open.

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

 BettermentAcorns
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Betterment

Acorns

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Benefits and Features

Stock Trading Part of service fee. Free for college students for 4 years. No add-on trading fees.
Savings
No
Annual Fee0.25% for accounts under $100,000; 0.40% for accounts $100,000+Free for college students; $1/mo for Acorns; $2/mo for Acorns + Acorns Later; $3/mo for Acorns + Acorns Later + Acorns Spend
Minimum Deposit
$0
$0
Phone Support
Yes
Yes
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors
Yes
No
Robo Advisor
 
Assets Under Management
$14 Billion
$1 Billion
Tax Loss Harvesting
Yes
No
Goal Tracker
Yes
Yes
Automatic Deposits
Yes
Yes
Online Platform
Yes
Yes
iPhone App
Yes
Yes
Android App
Yes
Yes
Banking Acorns Spend checking account comes with a debit card and has no minimum balance requirement, no overdraft fees, and unlimited free or fee-reimbursed ATMs nationwide. $3/mo for Acorns + Acorns Later + Acorns Spend.
Mobile App 
Yes
Single Stock Diversification
No
No
Fractional Shares
Yes
Yes
Taxable Accounts
Yes
Yes
401k Plans
Yes
No
IRA Accounts
Yes
Yes
Roth IRA Accounts
Yes
Yes
SEP IRA Accounts
Yes
Yes
Trust Accounts
Yes
No
529 Plans
No
No
 

CreditDonkey® Reviews

 BettermentAcorns
Annual Fee
Minimum Deposit
Human Advisors
Customer Service
Pros & ConsPros:
  • No minimum investment
  • Many customized portfolios
  • Automatically invest extra funds
Cons:
  • Limited investment options
  • High fees for large investors
Pros:
  • No minimum investment
  • Invest with spare change
  • Free for college students
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options
Bottom LineGreat robo-advisor for beginners with low fees, good tools, and tax strategies... Read full reviewInvestment app that automatically invests your spare change. Good for young investors to get into the habit... 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.

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

Acorns: Pricing information from published website as of 07/11/2019.

Which is Better: Betterment or Acorns?

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

In short: Betterment's annual fee and customer service are noteworthy.


Articles on Betterment


Articles on Acorns

    Acorns Investing

    Acorns automatically invests your spare change, so you can invest without thinking. It's great for novice investors, but there are downsides. Read on.

Comments

  • Olivia Tabor
    on April 9, 2019 7:02 AM said about Acorns:

    I have both Acorns and Robinhood and even though they each serve a different purpose I don't have the freedom of stock purchase that I really like. I believe Acorns diversifies for my needs more effectively.

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