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Home > Robo Advisors > Compare > Betterment vs. M1 Finance
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Betterment vs. M1 Finance

At Investor Junkie, we reviewed over one hundred investing and personal finance services. Our goal is to bring you the most honest, simple, and informative reviews. It turns out; users also want to compare specific services.

This review compares Betterment and M1 Finance. The better service depends on your needs. So let's dive in!

According to our readers (you!), when it comes to robo advisors, people care most about the fees, minimum investment requirements, and whether or not the service supports for 401(k) plans. Let's look at how Betterment and M1 Finance stack up against each other on these features.

To start, we will compare the fees for trading with both robo advisors. Betterment has annual fees at 0.25% fee per year. In contrast, M1 Finance has annual fees of 0%. When it comes to fees, M1 Finance wins by not charging anything to use their service.

Let's consider the minimum investment that's required to use both Betterment and M1 Finance. At $0, both services have the same minimum deposit. Both Betterment and M1 Finance have the same $0 minimum deposit.

When it comes to supporting 401(k) plans, there is a clear line of division. Betterment does offer support for 401(k) plans, while M1 Finance does not. If you are someone who wants help on your employee-sponsored retirement account, Betterment will be your option.

Overall, Betterment rates 9 out of 10, while M1 Finance ranks 8.5 out of 10. For more information on either, you can read our full reviews on Betterment and M1 Finance.

Robo-Advisor

Recommended

Betterment

M1 Finance

ReviewBetterment ReviewM1 Finance Review

Overall rating as by Investor Junkie.

Rating
9/10
8.5/10
Commissions & Fees
8/10
10/10
Customer Service
9/10
7/10
Ease of Use
9/10
9/10
Tools & Resources
9/10
7.5/10
Investment Options
9/10
9.5/10
Asset Allocation
8.5/10
9/10
PromotionsUp To 1 Year FreeInvest for FREE
Minimum Investment$0$0
Account FeesDigital – 0.25%/year; Premium – 0.40%/yearNone
Accounts AvailableTaxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, Trusts, Non-ProfitTaxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, Trusts
AdviceHuman AssistedAutomated

Does the robo-advisor offer assistance with your employer sponsored retirement plan?

401(k) Guidance
YesNo
Tax Loss HarvestingYes — All Taxable AccountsNo
Portfolio RebalancingYesYes
Retirement Planning ToolsYesNo
Automatic DepositsWeekly, Biweekly and MonthlyDaily, Weekly, and Monthly
Clearing AgencyApex ClearingApex Clearing
Self ClearingNoNo
Smart BetaYesNo
Socially Responsible InvestingYesYes
Invests in CommoditiesNoNo
Invests in Real EstateNoNo
Fractional SharesYesYes

How can you access the sevice? Website only? Via smartphone app?

Access
Website, iOS App, Android AppWebsite, iOS App, Android App

More security to prevent unauthorized access to your account.

Two-Factor Authentication
YesYes
Customer ServicePhone: M-Th 9A-8P, F 9A-6P ET; Live Chat: M-Th 9A-8P, F 9A-6P, Sat-Sun 11A-6P ET; EmailPhone: M-F 9A-5P CT; Email
Assets Under Management$13B$30M
Number of Accounts444KN/A

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About Betterment

Betterment is a good starting point for beginner investors. The robo advisor has no minimum deposit and costs 0.25% annually. If you need the assistance, it recently added human advisors, who can assist with your retirement account. Unfortunately, its asset allocation excludes REITs or commodities.

About M1 Finance

Combining the best of both traditional investment brokerage accounts and robo advisors, M1 Finance is dangerously close to being the perfect all-around investment platform. The only significant negatives are that it does not offer tax-loss harvesting or investment in mutual funds.

Other Comparisons

  • Betterment vs. Wealthfront
  • Betterment vs. Vanguard
  • Wealthfront vs. Vanguard
  • Wealthfront vs. Wealthsimple
  • Betterment vs. Fidelity Go
  • Betterment vs. Schwab
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Larry Ludwig
Author: Larry Ludwig
Updated: April 18, 2018
Category: Robo Advisors

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