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 . 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 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, has annual fees of %.
When it comes to fees, wins by not charging anything to use their service.
Let's consider the minimum investment that's required to use both Betterment and .
At $0, requires a smaller 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 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 ranks out of 10. For more information on either, you can read our full reviews on Betterment and .
Some parameters are incorrect!
Betterment is equally a good starting point for beginning investors and a useful platform for more experienced 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, Betterment's asset allocation excludes REITs or commodities.