Betterment Review > Robo Advisers 

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Betterment Review


What is Betterment & how does it work?

Betterment is the largest independent online financial advisor that serves one purpose: to help you make the most of your money. When you invest with Betterment, you are invested into a globally diversified portfolio of index-tracking exchange traded funds (ETFs). Based on your desired level of risk, Betterment recommends an optimized portfolio and manages buying and selling the funds in that portfolio for you. Betterment also provides advice based on your goals and the time or amount you want to invest.

Retiring, buying a home, having a child—these are exciting life moments that come with many financial questions. Betterment's goal is to help you plan and prepare financially so that you save time and have peace of mind knowing your money is working for you. Betterment's investing team comes from some of the largest institutions in financial services and their team of licensed financial experts and live customer support are there to help guide you along the way.

Betterment picks the funds for you, they recommend an asset allocation, and automatically do the things you don’t have to worry about to ensure your money is working for you. Betterment takes care of things like re-balancing, reinvesting your dividends, auto depositing and much more.

​Betterment Fees & Features
Minimum Investment
$0
Betterment Fees
Digital – 0.25% / yr; Premium – 0.40% / yr
Accounts Available
  • Roth IRA
  • Traditional IRA
  • individual taxable accounts 
  • joint taxable accounts with rights of survivorship
  • SEP IRA (single participant only)
  • trust accounts
Tax Loss Harvesting
YES
401(K) Assistance
YES
Portfolio Rebalancing
YES
Automatic Deposits
Weekly, Bi-Weekly, & Monthly
Financial Advice
Human Licensed Experts & Technology
Fractional Shares
YES
Social Responsible Investing
YES
Customer Service
Call, Chat or Email (888) 603-9583
Promotions
Betterment Summary
Traditionally, people have manually managed their investments, which can be a very time consuming and a painful process, or they've paid very costly fees to have access to financial advisors and advanced investment strategies.

You may be a first time investor just starting out, a seasoned investor wondering if you could be doing better, or a retiree thinking about ways to make your nest egg last. For those seeking an alternative to expensive advisor fees or the labor-intensive process of managing one's own investments, Betterment offers an alternative.

PROS
  • Betterment's portfolio is designed to help customers achieve optimal returns at each level of risk from their investments
  • Betterment uses a variety of strategies, using technology, to help investors keep as much of those returns as possible
  • Simple Asset Allocation
  • Low Management Fees
  • Ideal for young investors
  • Tax-Coordinated Portfolio
  • RetireGuide Calculator
  • Flexible Portfolios
  •  Betterment will now let you analyze the retirement savings accounts you have outside its platform

Best For:
  • New Investors
  • Seasoned Investors
  • Young Investors
  • Retirees
  • Smartphone Users
  • Investors who want low fees

Betterment strives to offer a great user experience and design its technology to be friendly and accessible. Everyone has questions regarding financial services, but a lot of people are embarrassed to ask those questions. Through Betterment, you can ask questions anytime and receive help from customer support.
Prosperment Recommended