Betterment vs M1 Finance
Betterment is a great robo-advisor for beginners with low fees, good tools, and tax strategies. How does it compare to M1 Finance? 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 M1 Finance offers free automated investing with no commissions or account fees. Unlike other robo-advisors, M1 lets you select your own investments and their automation will manage it for you. This is great for investors who want a say. The downside is that there are no human advisors. The minimum to start is just $100.
Compare Betterment with M1 Finance, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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Betterment | M1 Finance | |
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Get 1 Month Managed Free - | Transfer Your Account and Earn Up to $2,500 - | |
Benefits and Features | ||
Stock Trading | ||
Annual Fee | 0.25% for accounts under $100,000; 0.40% for accounts $100,000+ | |
Minimum Deposit | ||
Mutual Fund Trading | ||
Commission Free ETFs | All U.S. listed ETFs | |
Phone Support | Monday - Friday 9:30 am to 4 pm EST | |
Live Chat Support | ||
Email Support | ||
Human Advisors | ||
Robo Advisor | ![]() | ![]() |
Assets Under Management | ||
Tax Loss Harvesting | ||
Goal Tracker | ||
Automatic Deposits | ||
Broker Assisted Trades | ||
Good For | DIY investing with passive portfolio management | |
Inactivity Fee | $20 (for accounts with less than $20 and no activity for 90+ days) | |
Maintenance Fee | ||
Online Platform | ||
iPhone App | ||
Android App | ||
Banking | All users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements. | |
Mobile App | ||
Locations | ||
Online Community | ||
Seminars | ||
Virtual Trading | ||
Single Stock Diversification | ||
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
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Annual Fee | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Minimum Deposit | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Human Advisors | ![]() ![]() ![]() ![]() ![]() | |
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Pros & Cons | Pros:
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Bottom Line | Great robo-advisor for beginners with low fees, good tools, and tax strategies... | No-fee robo-advisor that allows you to choose your own investments... |
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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 M1 Finance: Pricing information from published website as of 02/28/2020 |
Which is Better: Betterment or M1 Finance?
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.