Betterment vs Merrill Edge
Betterment is a great robo-advisor for beginners with low fees, good tools, and tax strategies. How does it compare to Merrill Edge? Read our comparison chart below.
Betterment offers automatic investing starting at $4/month for accounts with less than $20,000. 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 Merrill Edge (a subsidiary of Bank of America) offers stock trades at $0 commission and options trading at $0 + $0.65 per contract. There is no account minimum, no maintenance fee, and no inactivity fee.
Compare Betterment with Merrill Edge, side-by-side.
Betterment | Merrill Edge | |
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Compare Pricing - | $100 Bonus Offer - | |
Benefits and Features | ||
Savings | ||
Stock Trading | ||
Options Trading | ||
Annual Fee |
| |
Minimum Deposit | ||
Checking | ||
Mutual Fund Trading | $0 for no load, no-transaction-fee funds ($39.95 short-term redemption fee if the fund is held less than 90 days) $19.95 for no load, transaction-fee funds | |
Commission Free ETFs | ||
Phone Support | ||
Live Chat Support | ||
Email Support | ||
Human Advisors | ||
Robo Advisor | ||
Assets Under Management | ||
Tax Loss Harvesting | ||
Goal Tracker | ||
Automatic Deposits | ||
Broker Assisted Trades | ||
Inactivity Fee | ||
Maintenance Fee | ||
Online Platform | ||
iPhone App | ||
Android App | ||
Banking | ||
Mobile App | ||
Desktop App | ||
Forex Trading | ||
Futures Trading | ||
Customer Service | ||
Locations | More than 2,100 Bank of America 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 | ||
Annual Fee | ||
Minimum Deposit | ||
Human Advisors | ||
Customer Service | ||
Pros & Cons | Pros:
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Bottom Line | Great robo-advisor for beginners with low fees, good tools, and tax strategies... | |
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 Merrill Edge: Pricing information from published websites as of 10/17/2023. |
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Betterment or Robinhood.