Betterment Review – Robo-Investing & Banking Platform

In today’s digital age, automated investing and banking have become increasingly popular. Betterment offers a comprehensive platform for both services, promising to help customers reach their financial goals with ease. The purpose of this article is to provide an overview of the features offered by the Betterment platform, as well as its overall performance compared to other similar platforms on the market. By examining these aspects in detail, readers will be able to gain an understanding of how WellBetterment can help them achieve their desired results.

The Betterment platform provides users with access to numerous features that are designed to make managing finances easier. These include portfolio rebalancing, tax optimization, automatic deposits from external accounts, and more. Additionally, it also includes a variety of account options such as retirement portfolios, custodial accounts for kids and college savings plans. Through these features, users have greater control over when they invest or withdraw funds from their accounts and can ensure that their investments remain diversified at all times.

Finally, when it comes to performance metrics, Betterment has been rated highly among other robo-investing platforms due to its user friendly interface and low fees associated with using the service. It has consistently delivered positive returns since its inception in 2010 and is expected to continue delivering exceptional results in the future. In conclusion, this article will offer readers insights into what makes Betterment one of the top robo-investing platforms available today.


Overview Of Services

Betterment is a financial services company that provides automated investment and banking services. The company’s investment service, Betterment Investing, offers portfolio management through an online platform with low-cost funds managed by professional asset managers. Additionally, users have access to personalized advice from in-house certified financial planners. Their banking service, Cash Reserve, allows customers to open high-interest savings accounts with no account minimums or fees. Both investing and banking accounts are FDIC insured up to $1 million dollars for each customer.

Users of the Betterment app can manage their portfolios by using the Smart Deposit feature which helps automate deposits into both savings and investments accounts. Furthermore, they may use tax loss harvesting techniques to reduce capital gains taxes on investments held outside of retirement plans. Customers also benefit from educational resources such as articles, podcasts and videos about personal finance topics like budgeting and debt management strategies. Overall, Betterment strives to provide comprehensive solutions tailored to individual needs so customers can reach their financial goals faster.


Account Types & Fees

Betterment offers a range of portfolio options to meet the diverse needs of investors, including taxable investment accounts and retirement accounts. All Betterment portfolios are managed by algorithms that invest in ETFs (Exchange Traded Funds). The fees associated with these accounts vary depending on the type of account chosen, but all have no annual or custodial fees.

For those investing through their taxable investment accounts, there is an annual fee ranging from 0.25% – 0.40%, which covers everything from asset allocation to rebalancing services. For those looking for more personalized advice, Betterment’s Premium service charges an additional 0.50%. As for retirement accounts such as IRAs and 401(k)s, Betterment does not charge any management fees for its digital plan; however, it does apply transaction costs when buying and selling securities within the account. In addition to this, customers can also use other banking services such as checking/savings/CDs offered by Betterment at competitive rates with no minimum balance required.


Investment Strategies & Tools

Betterment provides an extensive selection of investment strategies and tools. Investors can select from a variety of portfolios, allowing them to customize their portfolios based on individual goals and risk tolerance levels. The Portfolio Builder Tool helps individuals create portfolios tailored to their needs, while the Recommended Portfolios are pre-built collections which provide exposure to different types of investments. Additionally, investors have access to tax optimization features such as Tax Loss Harvesting+, Smart Beta Exchange Traded Funds (ETFs), and Automatic Rebalancing. These features help minimize taxes while also helping clients diversify their portfolio over time.

The platform also offers educational resources for those who want to learn more about investing in general or specific topics related to Betterment’s services. Resources include articles, videos, webinars, podcasts and calculators that enable users to assess various scenarios and make informed decisions about their investments. In addition, the company has developed a “Retirement Guide” which covers retirement planning basics like Social Security benefits distribution and estate planning advice.


Automated Banking Features

Moving beyond investment strategies and tools, Betterment provides a comprehensive suite of automated banking features. This includes the ability to open both checking and savings accounts with no minimum balance requirement or monthly fees. With these accounts, customers can access their funds via direct deposit, mobile check deposits, and electronic transfers. Additionally, they have the option to pay bills directly from their account or transfer money between linked bank accounts without any extra charges.

The platform also offers an ATM-reimbursed debit card that allows users to withdraw cash at more than 55,000 ATMs worldwide without incurring any added costs. To further bolster customer’s financial security, Betterment also provides fraud monitoring services for all transactions made on its platform. Finally, it has partnered with two leading FDIC-insured banks in order to provide customers with up to $250 million worth of FDIC protection for their online savings accounts. In sum, Betterment’s wide range of automated banking features is designed to help users better manage their finances conveniently and securely.


Customer Support & Resources

Betterment offers a variety of customer support and resources to ensure users have access to the answers they need. Firstly, customers can use the Betterment website or app for help which includes an FAQ section and educational articles about investing. Secondly, there is telephone support available with extended hours seven days a week and email assistance as well. Thirdly, customers can also take advantage of the free webinars offered by Betterment that focus on financial literacy topics such as budgeting, retirement planning, and setting goals for investments. Finally, if needed, customers may consult with certified financial planners who are able to provide personalized advice tailored to individual needs.*

The customer support provided by Betterment enables clients to make decisions confidently while navigating their investment portfolios:

  1. Comprehensive FAQs & Articles explain how-tos related to all areas of using the platform
  2. Telephone support available 7 days a week
  3. Free webinars help improve overall financial literacy
  4. Certified Financial Planners offer personalized advice

In addition to these tools, users benefit from access to specialized reports regarding portfolio performance and asset allocation trends over time. The reporting features allow investors easily track progress towards their personal goals without needing extra external software or services. All in all, this comprehensive package illustrates why Betterment has become one of the leaders in robo-investing and banking platforms today.


Pros & Cons

Betterment is a robo-investing and banking platform that has been established since 2008. It offers a range of services, such as retirement planning, automated portfolio management, and cash savings accounts with competitive rates. Its strengths include low fees and tax optimization strategies which promote long-term financial success. Additionally, Betterment provides users with access to knowledgeable professionals who can offer personalized advice on investment goals.

Despite its many advantages, there are some drawbacks associated with the platform; specifically, it does not provide users with options for trading individual stocks or bonds. Furthermore, customers may incur additional costs when transferring their existing investments into the service or when seeking assistance from customer support representatives. Despite these shortcomings, Betterment remains an attractive option for those looking to maximize their returns through optimized portfolios tailored to meet their specific needs.



The Betterment review shows that this robo-investing and banking platform offers a range of services designed to help users achieve their financial goals. Account types are varied, fees are reasonable, investment strategies and tools are comprehensive, automated banking features offer convenience, customer support and resources include tutorials and guidance. With the many advantages provided by this platform it is easy to see why so many people have chosen Betterment as their go-to financial partner.

It should be noted that while the majority of customers report positive experiences with Betterment there can occasionally be issues such as delays in processing times or unclear explanations for certain account procedures. However these cases appear to be few and far between; overall satisfaction levels remain high among those using the service.

Overall, it is clear from this analysis that Betterment provides an impressive array of features for both novice investors and experienced traders alike. By combining intuitive software with low costs and helpful customer support options, it is easy to understand how betterment has become one of the most popular platforms on the market today.

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