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Merrill Edge vs Betterment


 

Merrill Edge

Betterment

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Read Betterment Review

 

Benefits and Features

Savings 
Check
Stock Trading
$0 per trade
 
Options Trading
$0 + $0.65 per contract
 
Annual Fee 
  • Digital: 0.25% annual fee for accounts with $20,000 or more or with monthly recurring deposits of $250 or more, $4/month for accounts with less than $20,000
  • Premium: 0.40% for accounts $100,000 or more
Minimum Deposit
$0
$0
Checking 
No-Fee 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
Check
 
Phone Support 
Yes
Live Chat Support 
No
Email Support 
Yes
Human Advisors 
Yes ($100k minimum)
Robo Advisor 
Check
Assets Under Management 
$40+ Billion
Tax Loss Harvesting 
Yes
Goal Tracker 
Yes
Automatic Deposits 
Yes
Broker Assisted Trades
$29.95
 
Inactivity Fee
None
 
Maintenance Fee
$0
 
Online Platform 
Yes
iPhone App 
Yes
Android App 
Yes
Banking
Through Bank of America
 
Mobile App
Yes
Yes
Desktop App
Yes
 
Forex Trading
No
 
Futures Trading
No
 
Customer Service
24/7
 
LocationsMore than 2,100 Bank of America locations 
Online Community
No
 
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

Annual FeeStarStarStarStarHalf Star
Minimum DepositStarStarStarStarStar
Human AdvisorsStarStarStarEmpty StarEmpty Star
Customer ServiceStarStarStarStarEmpty Star
Pros & ConsPros:
  • No minimum investment
  • Customized portfolios
  • Automatically invest extra funds
Cons:
  • Limited investment options
  • High fees for large investors
Bottom LineGreat robo-advisor for beginners with low fees, good tools, and tax strategies... Read full review

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Merrill Edge: Pricing information from published websites as of 10/17/2023.

Betterment: Pricing information from published website as of 04/04/2018


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 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.

Is Betterment Worth The Fee

Betterment will manage your investments, but they charge a fee. Is Betterment worth the fee? Read on to answer all your questions.

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.

Which Do You Think is Best?





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