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
	Compare Pricing - Learn More Read WealthSimple Review	SPECIAL OFFER Get up to 1 Year Managed Free - Learn More Read Betterment Review
	Benefits and Features
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
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
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 Many 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
		Get up to 1 Year Managed Free Get 1 Month Managed Free Get 6 Months Managed Free
What Others View	Acorns
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 WealthSimple: Disclaimer: CreditDonkey has entered into a referral and advertising arrangement with Wealthsimple US, LTD and receives compensation when you open an account or for certain qualifying activity which may include clicking links. You will not be charged a fee for this referral and Wealthsimple and CreditDonkey are not related entities. It is a requirement to disclose that we earn these fees and also provide you with the latest Wealthsimple ADV brochure so you can learn more about them before opening an account.

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

Wealthsimple Review
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.
• WealthSimple vs Wealthfront
• WealthSimple vs Acorns

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 vs Vanguard Personal Advisor
• Betterment vs Robinhood
• Betterment vs Fidelity
Betterment Returns
Betterment has low fees and is good for beginners. But what about their returns? Let's take a look at this robo-advisor's performance.
• Betterment vs Personal Capital
• Betterment vs M1 Finance
• Betterment vs Charles Schwab Intelligent Portfolio
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.
• Betterment vs Ally Invest
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.
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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