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Betterment Promotions

Betterment is currently offering nine promotions. Read our in-depth review of Betterment to see why Betterment scored 4.1 stars out of 5. We like their no minimum investment, many customized portfolios, and automatically invest extra funds.

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Frequently Asked Questions

Find answers to frequently asked questions about Betterment.

Is Betterment a good investment?

Betterment is a good option for beginners who aren't ready to invest on their own. It's also good for passive investors who don't want to manage their own portfolios. The 0.25% annual fee is reasonable and there is no minimum. But experienced investors could earn better returns by choosing their own investments.

Is my money safe with Betterment?

You retain full ownership of your assets. Even if Betterment were to go out of business, your investments are insured up to $500,000 per account type by the SIPC. Betterment also uses 256-bit SSL encryption to keep your data secure.

Is Betterment worth the cost?

Betterment's 0.25% annual fee is lower than traditional financial advisors. It could be worth it for new investors or if you want to be hands-off. However, if you know how to manage your own portfolio, the fee gets expensive on bigger balances. $100,000 balance costs $250 a year in fees.

How much should I put in Betterment?

Betterment has no minimum investment. All balances cost 0.25% in annual advisory fees at the basic tier. You can deposit as little or as much as you're comfortable with and still have access to benefits such as tax harvesting. If you have at least $100,000, you have the option to upgrade to the Betterment Premium Plan at 0.40% annual fee.

Can I take my money out of Betterment?

You can withdraw funds from Betterment at any time with no withdrawal fees. Withdrawals take about 4-5 days to complete. When you withdraw, your shares are sold off. Any profits will be considered taxable income. If you withdraw funds from an IRA account early, there will be a tax penalty.

Is Betterment better than Vanguard?

Betterment is better for new investors as it has no minimum to start. Vanguard Personal Advisor requires $50,000 minimum. However, the advantage of Vanguard is that you get actual human advisors managing your portfolio. The fees are comparable at 0.25% for Betterment and 0.30% for Vanguard.

Is Betterment better than Fidelity?

Both Betterment and Fidelity Go have a $0 minimum investment. However, Fidelity's annual advisory fee is higher at 0.35% (vs 0.25% for Betterment). Betterment offers more comprehensive services and accounts types. On the other hand, Fidelity has active human managers.

    More Information

  • Pricing information from published website as of 04/04/2018
  • For the complete terms and conditions, view the merchant's website. While reasonable effort has been made to maintain accurate and updated information, the information shown on this site may vary, be out of date, or not applicable to you. All information is provided without warranty. Please review the terms and conditions on the merchant's website.
 Betterment
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Betterment

Wealthfront

 

Benefits and Features

Annual Fee0.25% for accounts under $100,000; 0.40% for accounts $100,000+
0.25%
Minimum Deposit
$0
$500
Phone Support
Yes
Yes
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors
Yes
No
Robo Advisor
Assets Under Management
$14 Billion
$10+ Billion
Tax Loss Harvesting
Yes
Yes
Goal Tracker
Yes
Yes
Automatic Deposits
Yes
Yes
Online Platform
Yes
Yes
iPhone App
Yes
Yes
Android App
Yes
Yes
Mobile App
Yes
Yes
Single Stock Diversification
No
Yes
Fractional Shares
Yes
No
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
Yes
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Betterment: Pricing information from published website as of 04/04/2018

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

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