Betterment

Betterment

9 Review(s)

Overview

Betterment offers a leading AI-advisor that excels at making long-term, passive investing simple and accessible. Its user-friendly platform, automated portfolio management, and goal-setting tools are ideal for hands-off investors. While it may offer limited customization for advanced traders, its solutions are competitive and comprehensive.

Overall Rating

Based on 9 users reviews

4.3

Rating Distribution

Positive

78%

Neutral

22%

Negative

0%

Starting Price
Custom

Betterment Specifications

Financial Reporting

Tax Management

Budgeting and Forecasting

What Is Betterment?

Betterment is a digital investment management platform, often called an AI-advisor, that provides automated, goal-based investing and cash management services to individuals. The software uses modern portfolio theory to build and manage globally diversified portfolios of exchange-traded funds (ETFs) tailored to a user's risk tolerance and financial goals.

Betterment software automates complex tasks like rebalancing and tax-loss harvesting, making sophisticated investing strategies accessible to both beginners and experienced investors who prefer a hands-off approach to growing their wealth.

Betterment Pricing

Betterment's pricing is primarily based on an annual advisory fee, charged as a percentage of the assets you invest. These are:

  • Investing
  • Cash
  • premium
Request a tailor-made suggestion from our team for a detailed Betterment price estimate today.

Disclaimer: The pricing is subject to change.

Betterment Integrations

Betterment offers partner integration opportunities with a number of other providers for easy access to all financial information. These integration partners include:

  • Advyzon
  • Docuspace
  • eMoney
  • Orion
  • Wealthbox

Who Is Betterment For?

Betterment is ideal for investors, and financial firms. You can also schedule a free Betterment demo to learn more about how it can benefit you.

Is Betterment Right For You?

Betterment is an excellent choice if you want to invest for the long term without the stress and complexity of picking individual stocks or manually managing a portfolio. Its key strength is its "set it and forget it" automated approach, which includes automatic rebalancing and tax-optimization strategies. The platform is particularly well-suited for individuals who are saving for specific goals like retirement or a down payment and appreciate a clean, user-friendly digital experience. If you value expert-built portfolios and automated discipline over manual control, Betterment is a top-tier platform.

Still doubtful if Betterment is the right fit for you? Connect with our customer support staff at (661) 384-7070 for further guidance.

Betterment Features

Receive a personalized, globally diversified portfolio of low-cost exchange-traded funds (ETFs) based on your risk tolerance and timeline. The platform's software automatically handles rebalancing to keep your asset allocation on track with your long-term goals.

See How It Works

This automated feature helps lower your investment taxes by selling securities that have experienced a loss to offset gains. The software then replaces them with similar assets, maintaining your portfolio's target allocation while potentially increasing your after-tax returns.

See How It Works

Earn a competitive variable interest rate on your cash savings with this high-yield account. It is FDIC-insured up to $2 million ($4 million for joint accounts) through partner banks and has no fees or withdrawal limits, making it a flexible cash management tool.

See How It Works

Set up multiple savings and investment goals, such as retirement, a down payment, or a general safety net. The platform provides personalized advice and projections for each goal, helping you understand how much to save and how to invest to reach them.

See How It Works

Align your investments with your values by choosing one of Betterment’s three Socially Responsible Investing portfolios. These options focus on companies with high ratings for environmental, social, and governance (ESG) impact, allowing you to invest for a better world.

See How It Works

Pros And Cons of Betterment

Pros

  • Very easy-to-use platform

  • Automated portfolio rebalancing

  • Tax-loss harvesting is standard

Cons

  • Management fee on low balances

  • Limited investment customization options

Betterment Reviews

Total 9 reviews

4.3

All reviews are from verified customers

Rating Distribution

5

Stars

67%

4

Stars

11%

3

Stars

11%

2

Stars

11%

1

Stars

0%

Share your experience

A

Anonymous

Small-Business, 11-50 employees

5.0
December 2024

Highly satisfied with it!

Pros

I love getting consistent updates that keep me in the loop. I don't need to keep checking my account all the time.

Cons

The transfer from my previous 401(k) provider took longer than expected and involved a lot of paperwork. But once that was sorted, everything ran smoothly.

Rating Distribution

Ease of use

10

Value for money

9

Customer Support

10

Functionality

10

MB

Marie B.

Small-Business, 11-50 employees

4.0
December 2024

Reliable Investment Platform

Pros

I've been investing with them personally for years so choosing them for our company 401(k) was a no-brainer. The interface is user-friendly and easy to use.

Cons

Their email notifications can get overwhelming sometimes.

Rating Distribution

Ease of use

8

Value for money

8

Customer Support

8

Functionality

8

DF

David F.

Small-Business, 11-50 employees

5.0
December 2024

Good tool for investment

Pros

The monthly payroll submission online is really simple. Customer support has been great, especially for smaller companies like ours. It also helps us stay on top of 401(k) legal reporting requirements.

Cons

No issues.

Rating Distribution

Ease of use

10

Value for money

10

Customer Support

10

Functionality

10

Frequently Asked Questions

No, Betterment does not offer a public-facing API.

Yes, Betterment has a highly rated mobile app for both iOS and Android.

 

Betterment's platform and support are available exclusively in English.

Betterment's main pricing plans are its Investing plan, cash plan and premium plan. Reach out to us for a detailed Betterment cost estimate.

Betterment can link to numerous third-party providers for detailed financial information including Wealthbox, Docuspace, eMoney, Albridge and more.

Typical users are individuals who want a simple investing solution.

Betterment offers support through an extensive online Help Center as well as dedicated relationship managers and customer support.