Last Updated
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
- Invoice Management
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
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?
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
Automated Investing Portfolios
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.
Tax-Loss Harvesting
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.
High-Yield Cash Reserve
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.
Goal-Based Planning Tools
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.
Socially Responsible Investing (SRI)
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.
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
Stars67%
4
Stars11%
3
Stars11%
2
Stars11%
1
Stars0%
Share your experience
Small-Business, 11-50 employees
“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
Small-Business, 11-50 employees
“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
Small-Business, 11-50 employees
“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
Does Betterment offer an API?
No, Betterment does not offer a public-facing API.
Does Betterment have a mobile app?
Yes, Betterment has a highly rated mobile app for both iOS and Android.
What language does Betterment support?
Betterment's platform and support are available exclusively in English.
What types of pricing plans does Betterment offer?
Betterment's main pricing plans are its Investing plan, cash plan and premium plan. Reach out to us for a detailed Betterment cost estimate.
What other apps does Betterment integrate with?
Betterment can link to numerous third-party providers for detailed financial information including Wealthbox, Docuspace, eMoney, Albridge and more.
Who are the typical users of Betterment?
Typical users are individuals who want a simple investing solution.
What level of support does Betterment offer?
Betterment offers support through an extensive online Help Center as well as dedicated relationship managers and customer support.