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Rating
8.83
Commission & Fees
8.5
Customer Service
9
Ease of Use
9
Tools & Resources
9
Investment Options
9
Asset Allocation
8.5
Suitable for:
  • Novice investor
  • Intermediate investors
  • Gen X
  • Retiree
  • Low barriers
  • Human advice
Short description:

Betterment is a universal robo consultant who helps newcomers to the world of investing. A distinctive feature is the absence of a minimum deposit and a low-interest rate (only 0.25% per annum). The company also has real-life consultants who can solve all problems with a retirement account. The only nuance of the platform is the lack of REITs or commodities.

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All characteristics

GENERAL CHARACTERISTICS
MINIMUM ACCOUNT $0
Management fee 0.25%/year
ADDITIONAL INFORMATION ABOUT MANAGEMENT FEE Digital – 0.25%/year ($0); Premium – 0.40%/year ($100k)
ASSETS UNDER MANAGEMENT > $14 Bln
NUMBER OF USERS > 444000
AVERAGE ACCOUNT SIZE $30514
YEAR FOUNDED 2008
PROMOTIONS Up To 1 Year Free
SERVICES
HUMAN ADVISORS
ADDITIONAL INFORMATION ABOUT HUMAN ADVISORS human assisted
PORTFOLIO REBALANCING
AUTOMATIC DEPOSITS
Access platforms Website, iOS App, Android App
TWO-FACTOR AUTHENTICATION
CUSTOMER SERVICE Phone: M-Th 9A-8P, F 9A-6P ET; Live Chat: M-Th 9A-8P, F 9A-6P, Sat-Sun 11A-6P ET; Email
CLEARING AGENCY Apex Clearing Corp
ADDITIONAL INFORMATION
NO INFORMATION
ACCOUNT AVAILABLE
Taxable Traditional IRA SEP IRA
Solo 401(k) Partnerships Coverdell
Savings Joint Rollover IRA
SIMPLE IRA Trusts Non-Profit
Annuities Money Market Roth IRA
Custodial 401(k) Limited Parternships
529 Checking CDs
FEATURES
FRACTIONAL SHARES
401(K) GUIDANCE
TAX LOSS HARVESTING
ADDITIONAL INFORMATION ABOUT TAX LOSS HARVESTING
RETIREMENT PLANNING TOOLS
SELF CLEARING
SMART BETA
SOCIALLY RESPONSIBLE INVESTING
INVESTS IN COMMODITIES
INVESTS IN REAL ESTATE
SUMMARY
NO SUMMARY

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