Betterment vs WealthSimple
Betterment is a great robo-advisor for beginners with low fees, good tools, and tax strategies. How does it compare to WealthSimple? 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 WealthSimple offers auto-investing with support from real advisors, including a free portfolio review of all your finances. However, fees are higher at 0.5% for accounts $100k and less (and 0.4% for accounts over $100k). It also stands out by offering socially responsible and Halal investment options. There is no minimum to open an account.
Compare Betterment with WealthSimple, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Learn More | Learn More | |
Betterment | WealthSimple | |
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Compare Pricing - | Wealthsimple Cash Account - | |
Benefits and Features | ||
Savings | ||
Annual Fee |
| 0.5% for accounts up to $100k; 0.4% for accounts over $100k |
Minimum Deposit | ||
Checking | ||
Phone Support | Yes - M-Th 9a-8p ET; Fri 9a-5:30p ET | |
Live Chat Support | ||
Email Support | ||
Human Advisors | ||
Robo Advisor | ||
Assets Under Management | ||
Tax Loss Harvesting | Available for accounts over $100,000 | |
Goal Tracker | ||
Automatic Deposits | ||
Online Platform | ||
iPhone App | ||
Android App | ||
Mobile App | ||
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 | ||
Social Responsibility | ||
Pros & Cons | Pros:
| Pros:
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Bottom Line | Great robo-advisor for beginners with low fees, good tools, and tax strategies... | Good robo-advisor with socially responsible and Halal investment options, though fees are high... |
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 |
Which is Better: Betterment or WealthSimple?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Betterment or Robinhood.
In short: Betterment's annual fee is noteworthy. WealthSimple's human advisors is noteworthy.