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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.

 BettermentM1 Finance
 Visit SiteVisit Site
 

Betterment

M1 Finance

SPECIAL OFFER
Get 1 Month Managed Free - Learn More

Read Betterment Review

SPECIAL OFFER
New Customers: Deposit $1,000 and Get $30 - Learn More

Read M1 Finance Review

 

Benefits and Features

Stock Trading 
$0
Options Trading 
No
Annual Fee0.25% for accounts under $100,000; 0.40% for accounts $100,000+
None
Minimum Deposit
$0
$100
Mutual Fund Trading 
No
Commission Free ETFs All U.S. listed ETFs
Phone Support
Yes
Monday - Friday 9:30 am to 4 pm EST
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors
Yes ($100k minimum)
No
Robo Advisor
Check
Check
Assets Under Management
$14 Billion
$1 Billion
Tax Loss Harvesting
Yes
Offers tax-efficient investing
Goal Tracker
Yes
No
Automatic Deposits
Yes
Yes
Broker Assisted Trades 
Included
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 
$0
Online Platform
Yes
Yes
iPhone App
Yes
Yes (4.6 stars, 25.4k ratings)
Android App
Yes
Yes (4.2 stars, 12.5k ratings)
Banking All users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements.
Mobile App
Yes
Check
Locations 
No
Online Community 
No
Seminars 
No
Virtual Trading 
No
Single Stock Diversification
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
Yes
529 Plans
No
No
 

CreditDonkey® Reviews

 BettermentM1 Finance
Annual FeeStarStarStarStarHalf StarStarStarStarStarStar
Minimum DepositStarStarStarStarStarStarStarStarStarStar
Human AdvisorsStarStarStarEmpty StarEmpty Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarHalf StarEmpty Star
Pros & ConsPros:
  • No minimum investment
  • Many customized portfolios
  • Automatically invest extra funds
Cons:
  • Limited investment options
  • High fees for large investors
Pros:
  • Choose your own investments
  • Can invest in individual stocks
  • No account fees
Cons:
  • Not beginner friendly
  • No human advisors
  • Can only trade once a day
Bottom LineGreat robo-advisor for beginners with low fees, good tools, and tax strategies... Read full reviewNo-fee robo-advisor that allows you to choose your own investments... Read full review
 Visit SiteVisit Site

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.


Articles on Betterment

Betterment Investing

Betterment offers low fees and good returns. But there are risks you should NOT ignore. Read this review to see if Betterment is better.

Betterment Returns

Betterment has low fees and is good for beginners. But what about their returns? Let's take a look at this robo-advisor's performance.

Betterment Fees

Betterment offers no minimum deposit and good returns. But are the fees worth it? Read on to learn about this robo-advisor's costs.

Is Betterment Safe

Betterment offers low fees, no minimum balance and good returns. But is it a good idea? Find out if it's safe to invest your money with this robo-advisor.

Betterment Roth IRA

Is Betterment a good way to invest for retirement? What about the fees and withdrawals? Read on to learn how Betterment's Roth IRA account works.

Betterment vs Wealthfront

Betterment and Wealthfront are two of the oldest and most popular robo-advisors. Is there a difference? Which is better for you? Read on to find out.

Articles on M1 Finance

M1 Review

M1 Finance lets you invest in stocks and ETFs without fees. But is it safe? Find out the pros and cons, and if it's legit.

Which Do You Think is Best?





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