Account minimum
Account management fee
Investment expense ratios
Average expense ratio of 0.11%.
Account fees (annual, transfer, closing)
Portfolio mix
Core portfolio uses ETFs from 13 asset classes.
Portfolio options include: Betterment Core, Goldman Sachs Smart Beta, Blackrock Target Income, Betterment Flexible Portfolio.
Portfolio mix is well-diversified but lacks exposure to non-market correlated assets like real estate investment trusts (REITs) and commodities.
Socially responsible portfolio options
Three socially responsible investing portfolio options: Broad Impact, Climate Impact, and Social Impact.
Accounts supported
Individual and joint nonretirement accounts.
Roth, traditional, rollover and SEP IRAs.
Ability to link external accounts for personalized advice (but not direct management).
Tax strategy
Tax-loss harvesting.
Tax-Coordinated Portfolio tool.
Tax Impact Preview tool.
Charitable giving tool.
Automatic rebalancing
Free on all accounts.
Monitored daily. Buy/sell rebalancing triggered whenever portfolio drifts, reaches or exceeds 3%.
Also, Betterment uses any cash flow, such as a dividend or deposit, to partially rebalance your portfolio.
Human advisor option
Betterment Digital doesn’t offer access to financial advisors. However, for a fee, anyone can buy an advice package that includes a consultation with an advisor, regardless of if they have a Betterment account or not. Prices range from $199 to $299.
Savings account/cash management option
High-yield savings with no fees or minimum balance requirements, unlimited transfers and FDIC coverage for balances up to $1 million. Includes a feature that enables customers to save in separate buckets for different goals.
Checking account that reimburses ATM fees and foreign fees and has a debit card with cash back.
Customer support options (includes how easy it is to find key details on the website)
Phone support Monday-Friday 9 a.m.-8 p.m. Eastern time for checking/cash reserve inquiries.
Monday-Friday 9 a.m.-6 p.m. Eastern time for investing and general inquiries.
Email support and questions also answered through social media.
This post was originally published on Nerd Wallet
