WealthSimple vs Betterment

WealthSimple is a good robo-advisor with socially responsible and Halal investment options, though fees are high. How does it compare to Betterment? Read our comparison chart below.

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.

While 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.

Compare WealthSimple with Betterment, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	WealthSimple	Betterment


		SPECIAL OFFER Get up to 1 Year Managed Free - Learn More Read Betterment Review
	Benefits and Features
Savings
Annual Fee	0.5% for accounts up to $100k; 0.4% for accounts over $100k	0.25% for accounts under $100,000 0.40% for accounts $100,000+
Minimum Deposit	$0	$0
Checking		No-Fee Checking
Phone Support	Yes - M-Th 9a-8p ET; Fri 9a-5:30p ET	Yes
Live Chat Support	No	No
Email Support	Yes	Yes
Human Advisors	Yes	Yes ($100k minimum)
Robo Advisor
Assets Under Management	$2 Billion	$14 Billion
Tax Loss Harvesting	Available for accounts over $100,000	Yes
Goal Tracker	No	Yes
Automatic Deposits	Yes	Yes
Online Platform	Yes	Yes
iPhone App	Yes	Yes
Android App	Yes	Yes
Mobile App		Yes
Single Stock Diversification		No
Fractional Shares	Yes	Yes
Taxable Accounts	Yes	Yes
401k Plans	No	Yes
IRA Accounts	Yes	Yes
Roth IRA Accounts	Yes	Yes
SEP IRA Accounts	Yes	Yes
Trust Accounts	Yes	Yes
529 Plans	No	No
	CreditDonkey® Reviews

Annual Fee
Minimum Deposit
Human Advisors
Customer Service
Social Responsibility
Pros & Cons	Pros: Human advisors No minimum investment Socially responsible and Halal investment options Cons: Higher fees than competitors No personal finance tools Tax loss harvesting only to high balance accounts	Pros: No minimum investment Customized portfolios Automatically invest extra funds Cons: Limited investment options High fees for large investors
Bottom Line	Good robo-advisor with socially responsible and Halal investment options, though fees are high... Read full review	Great robo-advisor for beginners with low fees, good tools, and tax strategies... Read full review

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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

Get up to 1 Year Managed Free

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New Betterment customers only. Accounts must be funded within 45 days of signup. Terms apply.

Get 1 Month Managed Free

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Deposit $15,000 - $99,999 within 45 days and get 1 month managed free

Get 6 Months Managed Free

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Deposit $100,000 - $249,999 within 45 days and get 6 months managed free

Which is Better: WealthSimple or Betterment?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing WealthSimple or Ally Invest.

In short: WealthSimple's human advisors is noteworthy. Betterment's annual fee is noteworthy.

Articles on WealthSimple

Wealth Simple

Wealthsimple is a robo advisor with features you should not ignore. But are the higher fees worth it? Read this review to find out what this automatic investing service can do and the pros and cons.