RESULT
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Betterment |
M1 Finance |
Schwab Intelligent Portfolios |
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Review |
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Direct Site Access |
N/A |
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Overview |
A goals based automated investment advisor. Betterment bills itself as, "Investing Made Better." Offers a variety of hman financial planning options. |
Free robo-advisor where you can customize your investments. Choose from 1000s of investments. |
Free automated investment service. Schwab Intelligent Portfolios builds your investment portfolio, monitors it and regularly rebalances. |
Minimum Investment Amount |
No minimum balance required. |
$100 |
$5,000 minimum |
Fee Structure |
Digital-0.25% AUM up to $2 million. 0.15% for accounts over $2 million. |
Zero account management fees. |
Zero account management fees. |
Top Features |
Goal based investing with opportunity to set up multiple goals. Investment rebalancing. RetirementGuide Calculator for planning. Tax loss harvesting. Betterment Digital clients can text with financial professionals. Betterment Premium clients have access to meetings with financial advisors. |
Choice to use pre-made investment portfolios or to create your own. Includes socially responsible portfolios. M1 Finance manages & rebalances. |
After responding to a brief risk questionnaire, you get a diversified investment portfolio in line with your risk profile. Goal-based approach. Portfolio is regularly rebalanced. Tax-loss harvesting is available for accounts valued at more than $50,000. |
Free Services |
Free investment portfolio review |
All services free including; account creation, management, rebalancing & investment trading. |
Free investment portfolio construction, management, tax loss harvesting & rebalancing. |
Investing Advice |
Human & automated investing & financial planning advice available. (see top features) |
Not available. |
Automated investing and financial planning advice. Branch financial advisors provide additional help. |
Contact Information |
Phone & Live Chat M-F 9 am-8 pm ET, Sat-Sun 11 am-6 pm ET |
Email or phone 9-5 M-F CT + on-screen help button |
Phone 24/7 |
Investment Funds |
Vanguard & iShares ETFs. ETFs include multiple market-cap stock ETFs & many bond choices including international. |
6,000 stocks or ETFs traded on the NYSE, NASDAQ + BATS exchanges |
Low fee stock, bond, real estate & precious metals ETFs, predominantly from Schwab. |
Accounts Available |
Individual & joint investment accounts. Roth, traditional, SEP & rollover IRAs. Trusts. Betterment for Business manages & administers workplace 401(k) plans. |
Individual and joint taxable accounts; traditional, Roth and rollover IRAs; corporate, trust, LLC + partnership business accounts. |
Individual & joint investment accounts. Roth, traditional & rollover IRAs. Trusts. |
We hope you enjoyed our Robo-Advisor Selection Wizard. As a free gift for using the wizard, please enjoy our Investment Management Toolkit with retirement planning and a financial management dashboard.
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