About Betterment
Betterment is one of the original robo-advisors, offering automated goal-based investing with low fees. The platform builds diversified portfolios of ETFs based on your goals, timeline, and risk tolerance, and automatically rebalances and tax-loss harvests to optimize returns.
What's Great
- ✓Pioneer robo-advisor with a proven track record of automated investing
- ✓Goal-based approach helps organize investments by specific financial goals
- ✓Tax-loss harvesting and tax-coordinated portfolios optimize after-tax returns
- ✓Option to access human financial advisors on premium plan
Watch Out For
- !0.25% annual fee on digital plan, 0.65% on premium with advisor access
- !Limited control over individual fund selections within portfolios
- !No individual stock or ETF trading available
Common Use Cases
Investor wanting to set up goal-specific portfolios like retirement and house fund
Beginner who prefers a completely automated investment experience
Individual wanting occasional access to a human financial advisor alongside automation
Pricing Model
Paid
Paid subscription required. Check the website for current pricing and free trials.
Category
Robo-Advisors
Automated portfolio management using algorithms to build and rebalance diversified portfolios.
Tags
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