Betterment is one of our favorite robo-advisors. These Betterment promotions add to the the appeal of the Betterment robo-advisor.
Unlike traditional financial advisors who tend to require a six-figure minimum investment and charge more than 1.0% AUM fee, Betterment helps beginner-to-advanced investors automate and manage their investing for a low fee.
*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.
Betterment top features include:
- Access to live financial advisors
- No investment minimum
- Diverse investments including smart beta and socially responsible funds
- Retirement planning calculator
- Fee-free high yield cash management
- Low 0.25% AUM fee to manage your investments
Best Betterment Promotions
1. Get up to 1 Year of Free Portfolio Management
The more you invest, the greater the Betterment promotion.
Requirements for promotion
- Must invest at least $15,000 within 45 days of sign up to be eligible for this Betterment promo.
- Offer available to U.S. Residents only.
- The Betterment promotion isn’t valid with other offers and is non-transferable.
|Invest within 45 Days||Reward-|
2. Betterment Referral Bonus
The Betterment Refer a Friend promotion is available for existing Betterment customers and their friends, after funding a new account with a special referral link sent by the customer.
How the Betterment Refer a Friend Works:
The Betterment account owner visits the referral section of the website and gets a designated sign up link. This link is equivalent to a Betterment promo code that you give to your friends.
The Betterment account owner sends the Betterment sign up link to a friend to use when the he or she signs up for Betterment.
For every friend that funds an account – the Betterment account owner get 30 days free management and each referral gets 3 months free.
Once 5 friend are referred, the original account holder is no longer eligible for the bonus, but the friends still receive the free account management.
For the third friend referred, the original Betterment user receives an additional one-year fee waiver.
The offer is available to U.S. residents only.
Betterment Checking and Cash Reserve Promos
Betterment’s fee-free, high yield cash management options are on going promotions. These options are perfect for money that you’ll need for emergencies, bill pay, and short-term goals.
- Debit card
- ATM fees reimbursed – worldwide
- No minimum balance required
- No maintenance fees
- FDIC insurance up to $250,000 account balance
- Awesome mobile app with check deposit
- Betterment Cash Reserve
- High yield (interest rate) cash account (adjusts depending upon market interest rates)
- Access to cash within 1-2 business days
- No limit on withdrawals
- No minimum balance required
- No fees
- FDIC insurance covering up to $1,000,000 through the Betterment’s program banks.
Betterment is a good investment company. When you transfer money into Betterment, you can invest for the long term in stock and bond investments.
Or, you can use the high yield Betterment Cash Reserve savings account or fee-free checking account.
Yes. The Betterment investment management fee of 0.25%-0.40% of AUM is very low in contrast with a typical financial advisors fees.
The Betterment cash accounts are fee-free.
Whenever you invest in the financial markets, there is a possibility of loss. This reality pertains to all investment companies.
Although over the long-term, stock and bond market returns have been positive and typically higher than savings account returns.
It’s unlikely that you’ll lose money when investing with Betterment’s high yield cash accounts.
Your investment returns will correspond with the returns of the funds owned within your account. For example if you have a 60% stock and 40% bond investment portfolio and the funds within that investment portfolio earn 7% in one year, then your Betterment account will earn 7%, less the 0.25% management fee.
The best robo-advisor is the one that meets your specific needs. If you’re already a Vanguard customer, you might prefer Vanguard. Although, we like the diverse investment options in the Betterment Digital plan over the 4 funds available in the Vantuard Digital plan. Read more in Betterment vs Vanguard.
Compare Betterment and Vanguard Robo-Investing
|Overview||Goals-based digital investment manager and advisor-led robo advisor. All clients have access to financial advisors and cash management.||All digital and human advisor-led investment management robo-advisor|
|Minimum Investment Amount||Digital-no minimum |
Personal Advisor Services-$50,000
|Fee Structure||Digital-0.25% AUM|
|Digital-0.15% AUM |
Personal Advisor Services-0.30%
|Top Features||Digital and hybrid investment management with financial advisors. All investors can text with financial advisors. Socially-responsible, income and smart beta portfolios. Tax loss harvesting. Cash management.||Digital-Basic four Vanguard fund robo-advisor. |
Personal Advisor Services-Personalized investment guidance drives the portfolio construction. Variety of investment funds.
|Investment Funds||Low fee exchange traded funds from diverse asset classes including inflation protected bond and value stock ETFs.||Digital-4 low fee Vanguard ETFs |
Personal Advisor Services-Various stock and bond mutual funds and ETFs selected from scores of Vanguard offerings.
|Accounts Available||Single and joint taxable brokerage. Roth, traditional, rollover and SEP IRA. Trust.||Digital: Individual taxable accounts, traditional and Roth IRA |
Personal Advisor Services: Individual and joint taxable investment. Roth, traditional, SEP, simple and rollover IRAs. Trusts.
|Contact & Investing Advice||Phone support M-F. Email and text support 7 days per week. Financial advisor access available at various levels.||Phone support M-F from 8:00 am to 7:00 pm EST |
Financial advisors available for Advisor Services only.
|Promotions and Website||Free Betterment investment management promotion||Vanguard Website|
Betterment Promotions Wrap Up
Betterment is one of favorite robo-advisors, with excellent diversification and portfolio management. The lack of investment minimums make it easy for the new investor to get started investing. All investors can text with financial advisors. This is convenient for any money question.
Access to live financial advisors for all customers is an added bonus.
These Betterment promo’s cut management fees and add allure to an already popular robo-advisor with live advice and cash management.
Read the full Betterment Review.
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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.
Barbara A. Friedberg has an account with M1 Finance.
*For M1 Plus customers