Robo-Advisor with Financial Planner-Betterment Adds Human Advice
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Betterment Robo-Advisor Adds Human Financial Planners for Those Seeking a Personal Touch
If you like the idea of a tax efficient and automated investment manager, but want access to a human financial planner for more complex money questions, Betterment rolled out several new services. The two new Betterment programs are ideal for those with more complex financial situations seeking personalized human guidance. Betterment joins Personal Capital and Schwab Intelligent Investors as a robo-advisor with a financial planner.
The original Betterment digital program remains, with a new fee cap. Here’s a refresher on the basic Betterment Digital investment management platform:
- Goal-based, diversified investment manager designed for the best returns at every risk level.
- Automatic rebalancing.
- Tax-loss harvesting.
- Synch outside accounts with your Betterment account.
- Low 0.25% AUM fee, capped at $2,000,000 account value.
- Zero minimum balance required.
- Proprietary RetireGuide planning tool.
- Tax-loss harvesting integrated with spouses accounts.
The new services include Betterment Plus and Betterment Premium.
If you want a team of CFP® professionals and licensed financial experts to monitor your portfolio all year, you might prefer the Betterment Plus plan. This new offering includes an annual financial check-up with a licensed CFP® financial advisor. Betterment Plus requires a $100,000 minimum investment amount and charges a flat 0.40% of assets under management.
For those with greater financial planning needs and a minimum account worth $250,000, you might consider the Betterment Premium plan. This service gives you unlimited access to a team of licensed CFP® professionals. These financial experts monitor your accounts and give year round advice and financial planning. The fee for the Betterment Premium tier is 0.50% of AUM.
Betterment For Advisors Network
If you’re seeking a fully vetted, dedicated independent CFP® financial advisor, Betterment can refer you to the appropriate financial professional. The fees for this individualized service depend upon the specific advisory partner. You can contact Betterment for more details on this service.
Betterment is so confident that you’ll appreciate their services that they offer a Satisfaction guarantee – a 90-day fee remittance if you’re dissatisfied.
For a complete Betterment review please check out our 3 part series >>>
Disclosure: Please note that this article may contain affiliate links which means that – at zero cost to you – I might earn a commission if you sign up or buy through the affiliate link. That said, I never recommend anything I don’t believe is valuable.