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Betterment vs Charles Schwab

Betterment is a great robo-advisor for beginners with low fees, good tools, and tax strategies. How does it compare to Charles Schwab? 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 Charles Schwab offers stock and ETF trades at $0 commission and options trading at $0 commission + $0.65 per contract. There is no minimum deposit, no maintenance fee, and no inactivity fee.

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

 Betterment
 Visit SiteLearn More
 

Betterment

Charles Schwab

SPECIAL OFFER
Get up to 1 Year Managed Free - Learn More

Read Betterment Review

SPECIAL OFFER
500 Commission-Free Online and Options Trades - Learn More

Read Charles Schwab Review

 

Benefits and Features

Stock Trading $0 commission on U.S. stocks and ETFs
Options Trading 
$0 + $0.65 per contract
Annual Fee0.25% for accounts under $100,000; 0.40% for accounts $100,000+ 
Minimum Deposit
$0
$0
Mutual Fund Trading $0 for no-transaction-fee funds $49.95 for all other funds
Commission Free ETFs 500+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā„¢.
Phone Support
Yes
 
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
Yes
 
Robo Advisor
 
Assets Under Management
$14 Billion
 
Tax Loss Harvesting
Yes
 
Goal Tracker
Yes
 
Automatic Deposits
Yes
 
Broker Assisted Trades 
$25.00 service charge
Customer Service 
24/7
Inactivity Fee 
None
Maintenance Fee 
$0
Online Platform
Yes
 
iPhone App
Yes
 
Android App
Yes
 
Banking 
Yes
Mobile App 
Yes
Desktop App 
Yes
Futures Trading 
$1.50 per contract
Locations 
300 locations
Online Community 
Yes
Seminars 
Yes
Virtual Trading 
No
Single Stock Diversification
No
 
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
Yes
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
Yes
 
529 Plans
No
 
 

CreditDonkey® Reviews

 Betterment
Annual Fee
Minimum Deposit
Human Advisors
Customer Service
Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Pros & ConsPros:
  • No minimum investment
  • Many customized portfolios
  • Automatically invest extra funds
Cons:
  • Limited investment options
  • High fees for large investors
Pros:
  • Vast selection of commission-free ETFs and mutual funds
  • 2 platforms (one for beginners and one for advanced traders)
  • 24/7 customer service including online chat
Cons:
  • Commission costs on mutual funds outside of the commission-free funds
  • Robo-advisor option requires a minimum investment of $5,000
Bottom LineGreat robo-advisor for beginners with low fees, good tools, and tax strategies... Read full reviewGood choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full review
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What Others View

    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

    Charles Schwab: Pricing information from published websites as of 09/15/2019.

    Which is Better: Betterment or Charles Schwab?

    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.


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