When it comes to investing and building your wealth, you have many options.

If you’re looking for a cost-effective, automated solution, you may consider using a robo-advisor.

Robo-advisors are online tools that give you automated investment advice based on algorithms, with little to no help from people.

One of the most popular robo-advisors is Betterment. However, there are several other great options available.

This blog post will explore the best Betterment alternatives for your investment needs!

What Are the Best Betterment Alternatives?

There are a variety of different financial planning services that can be just as beneficial as Betterment.

You should explore all of your options before deciding on a robo-advisor, and make sure to read reviews and compare pricing before settling on a service.

SoFi Automated Investing

Sofi autoamted investing

Looking for a better way to invest your money?

SoFi Automated Investing offers users various assets to choose from to reduce risk. It also provides complimentary access to financial advisors, so you can always make the best decisions for your money.

You won’t find another investment service that offers all these features at no additional cost. In addition, your portfolio will be rebalanced quarterly, so it’s always invested how you want it to be.

Sign up for a free account and get started investing with SoFi!

Features and Benefits

  • Almost no minimum initial capital is required. SoFi Automated Investing requires only $1 to get started.

  • Full support. With a SoFi membership, you’ll have plenty of advantages, like lower prices on other products from SoFi, special events, opportunities, and access to a financial advisor to help you plan for long-term success without extra charges.

  • Goal planning. No matter what you’re setting money aside for – whether it’s retirement, a down payment, or future investments – we can help you draw up a plan to accomplish all your financial goals.

  • Auto rebalancing. Your investment is rebalanced every quarter, so we buy and sell stocks and bonds to maintain your desired asset allocation. Unfortunately, this can result in a taxable event.

  • Diversification. To reduce your overall risk, Your portfolio will be spread among various financial investments.

  • Exploit the power of compound interest. Compound returns are what make your money work for you. It’s essentially “interest on interest,” and time is key to seeing results.

Pricing

SoFi does not currently charge advisory or management fees for its managed portfolios. However, the portfolio will have fees and expenses associated with the ETFs.

Bottom Line

SoFi Automated Investing is a great option for those looking for a better way to invest their money.

With no minimum initial capital required, and access to financial advisors, SoFi makes it easy to get started.

Your portfolio will be rebalanced quarterly, so it’s always invested how you want it to be.

Vanguard Digital Advisor

Vanguard digital advisor

Looking for a better way to manage your finances?

Vanguard Digital Advisor offers the latest financial planning and portfolio construction powered by Vanguard’s time-tested investment strategies. It’s perfect for anyone looking for a more holistic view of their financial life.

With Vanguard Digital Advisor, you’ll have access to low-cost investing and ongoing support from our team of experts. Plus, we’ll monitor your investments and rebalance your portfolio as needed.

Sign up today and get started with Vanguard Digital Advisor! You won’t regret it.

Features and Benefits

  • Ongoing support. Investments and portfolio rebalancing are reviewed periodically to ensure optimal results. You need at least $3,000 in a Vanguard Brokerage Account to get this service.

  • Limited fees. For every $1,000 that Vanguard Digital Advisor manages, you will pay no more than $2 a year.

  • Custom financial goals. Invest your retirement savings using either a standard ETF (exchange-traded fund) portfolio or an ESG (environmental, social, governance) ETF portfolio.

  • Eligible accounts. Vanguard Digital Advisor can manage eligible 401(k) retirement accounts and the following retail Vanguard Brokerage Accounts: Individual or joint tenants with rights of survivorship (JTWROS) taxable accounts, Traditional IRAs, Roth IRAs, Rollover IRAs.

Pricing

There are no fees for 90 days; then it becomes $2 per year for every $1k invested. Ex: for $3,000 invested, you’ll expect to pay $6. Expenses on ETF will be calculated separately.

Bottom Line

There are many reasons to choose Vanguard Digital Advisor.

Vanguard has decades of experience in financial planning and portfolio construction, the low fees will keep more money in your pocket, and you’ll find a range of investment options to suit your needs.

Furthermore, the Advisor will check up on your investments and ensure that they are still aligned with your goals, so you can focus on the things that matter most to you.

Charles Schwab Intelligent Portfolios

Charles Schwab intellingent potfolios

Looking for an easy way to invest your money?

Charles Schwab Intelligent Portfolios offers a brighter, more automated way to invest with human help when needed. You’ll get a diversified portfolio of ETFs chosen by experts, and the robo-advisor will monitor your portfolio daily and automatically rebalance it as needed.

You can get started with as little as $5,000, and there are no advisory fees or commissions. Plus, you’ll pay the operating expenses on the ETFs in your portfolio – just like if you’d invested on your own.

Apply today and get started on building your future!

Features and Benefits

  • Automation. Schwab Intelligent Portfolios offers automated investing with human help when you need it. Just complete a short questionnaire to establish your goals, risk tolerance, and timeline.

  • Diversification. Your portfolio will be diversified with ETFs tailored for you and monitored daily.

  • No fees. You will pay no advisory fee or commissions on the account.

  • Tax efficiency. The program offers tax efficiency and automatic rebalancing of your investments.

  • Low minimum investment. Get started with as little as $5,000.

  • Low costs. You can invest in a portfolio of low-cost exchange-traded funds (ETFs).

  • Different accounts are supported. There are different account types, including brokerage, IRA, custodial, and trust accounts.

Pricing

For Schwab Intelligent Portfolios, you will pay no advisory fee or commissions. However, if you apply to Schwab Intelligent Portfolios Premium, you will pay a one-time planning fee of $300 and a $30/month advisory fee after that. With this purchase, you will receive professional and unlimited one-on-one guidance.

Bottom Line

Charles Schwab Intelligent Portfolios is an automated investing service that comes with human help when you need it.

It’s one of the best alternatives to Betterment because you can get started with as little as $5,000 and pay no advisory fee or commissions.

The service is robust, offering a diversified portfolio of ETFs chosen by experts, 24/7 live support from U.S.-based service professionals, an FDIC-insured deposit at Schwab Bank, automatic tax-loss harvesting, and more.

Best of all, you get all this with the peace of mind that comes with having your investments tailored to your individual needs.

M1 Finance

M1 Finance

Are you looking for one of the top investment platforms?

M1 Finance offers a hybrid of what traditional brokerages and robo-advisors provide and allows you to invest automatically in the money market funds and securities you want without being charged any money.

By offering free and automated investing, M1 Finance teaches you how to manage your money better and grow your wealth quickly.

M1 can automatically rebalance your investments so your savings can grow in line with your instructions.

Sign up for an account today!

Features and Benefits

  • Many account types. M1 Finance offers various account options, including individual and joint taxable accounts, traditional, Roth, and SEP IRAs, and trust accounts.

  • Smart transfers. You can also use this feature to schedule contributions and dynamic rebalancing to keep your investments ideally allocated to your goals.

  • Borrowing option. You can access a flexible line of credit from 5.75% – 7.25%.

  • Data-driven. The top-notch research tools include trading info, pricing, fundamentals, risk-related data points, performance charts, news feeds, and more.

  • Investing with Pies. This feature is a unique way to think about your investing strategy. To start, create your custom Pie with slices of different securities making up the entire then, your investment funds will be distributed following the percentages of each slice in your Pie.

  • Low minimum investment. A $100 minimum balance is required for taxable accounts and $500 for retirement accounts.

Pricing

M1 Finance does not charge commissions for trading stocks and ETFs. However, other fees may apply, such as regulatory, M1 Plus membership, account closures, and ADR fees.

Bottom Line

M1 Finance is a commission-free investment platform that allows you to invest in the money market funds and securities you want without being charged any money.

By offering free and semi-automated investing, M1 Finance teaches you how to manage your money better and grow your wealth quickly.

M1 can automatically rebalance your investments so your savings can grow in line with your instructions.

Acorns

Acorns

Looking for a beginner-friendly investment account that is FDIC insured?

Acorns offers a variety of accounts that come with tax advantages, depending on the plan you choose.

You can set your recurring investments and make a habit out of investing. Automatic portfolio rebalancing and dividend reinvesting are also included.

Plus, all portfolios contain Exchange Traded Funds managed by pros at the world’s top investment firms like Vanguard and BlackRock.

Sign up for an Acorns account today!

Features and Benefits

  • Automatic Recurring Investments. Get in the habit of investing by setting up recurring investments.

  • Automatic Portfolio Rebalancing. Rebalance your base portfolio regularly to help ensure that your investment allocations remain aligned with your long-term financial goals.

  • Automatic Dividend Reinvesting. Dividends you receive from your investments are automatically reinvested.

  • Highly-rated ETFs. Expert-built portfolios contain Exchange Traded Funds (ETFs). In addition, consider investing in index funds as they offer diversification, lower costs, and potential tax efficiency.

  • Built by experts. Acorns’ portfolios comprise various ETFs that experts manage at investment firms such as Vanguard and BlackRock.

  • Invest in today’s top companies. When you invest in Acorns ETF portfolios, there’s a good chance a portion of your investment is in some of today’s most successful companies.

  • Diversification. Investing in a wide range of stocks, bonds, or both, diversifying your portfolio and limiting your exposure to potentially volatile individual stocks.

Pricing

The Personal plan is $3/mo. It includes All-in-one investment, retirement, and checking accounts are included in this offer, plus a metal Acorns Visa™ debit card. Also available are bonus investments, financial education materials, and more.

The Family plan is $5/mo. and includes investment accounts for kids, plus opportunities to grow your investment, retirement, and checking account funds.

Bottom Line

Acorns is a great investment option for those who are just starting.

Its low monthly fee and automatic features make it easy to start, and the highly-rated ETFs used in its portfolios make it a safe choice.

The monthly subscription could be a pro or a con depending on your needs, but overall, Acorns is a great beginner-friendly option for those who want to start investing without worrying too much.

Investing with Acorns also allows you to invest in some of today’s top companies, grow your wealth, and create financial security.

Ally Invest

Ally invest

Looking for a Betterment alternative that offers more features and flexibility?

Ally Invest is not the average robo-advisor. Instead, it offers diversified portfolios designed by a team of (human) specialists.

The intelligent technology monitors and adjusts your portfolio as needed for no extra fee.

With four portfolio choices based on what matters most to you, there is something for everyone. Plus, our fee-free rebalancing keeps your portfolio aligned with your goals.

Sign up today and get started with just $100!

Features and Benefits

  • No rebalancing fees. For no additional cost, your portfolio will be reviewed and changed as needed to help keep you on track with achieving your goals.

  • Low upfront investment. It’s not necessary to break the bank to begin investing. Instead, you can start investing with only $100.

  • 24/7 Support. Day or night, you can reach out by phone, chat, or email. The available support team will be happy to help you if it’s outside business hours.

  • Different portfolios. Four portfolios can be chosen based on personal strategy: Core, Income, Tax optimized, and Socially responsible.

  • Many accounts. Various account types to choose from: Individual, Joint Custodial, Traditional IRA, Roth IRA, and Rollover IRA.

Pricing

Fees are applied depending on the chosen portfolio. For example, the Cash-enhanced Portfolio has no advisory fees, and you can earn 3.00% in annual interest on the cash buffer, credited monthly.

The Market-focused Portfolio has a 0.30% annual advisory fee, charged monthly, and you can earn 3.00% in annual interest on the roughly 2% held as cash, credited monthly. Interest rate is variable and may change.

Bottom Line

Ally Invest is a great alternative to Betterment because it has low fees, diversified portfolios, and human specialists who design investment plans.

You can also earn interest on your cash investments, and it offers a variety of account types to fit your specific needs.

Wealthfront

Wealthfront

Looking for a better way to invest your money?

Wealthfront is one of the best Betterment alternatives on the market. Hundreds of funds across dozens of categories are offered, including social responsibility, clean energy, tech, and crypto, to allow you to choose investments for your portfolio that you’re passionate about. In addition, it is easy and safe to experiment by letting you know if your choices go against your preferred risk level.

You can get started with just $500, and the automation manages the trading so your portfolio is always up to date and earning you as much as it can.

Sign up for Wealthfront today and get started on building your future!

Features and Benefits

  • Simple setup. You can set up your account in just a few minutes and then track your returns easily through the Wealthfront app.

  • Risk minimization. Your portfolio is diversified among different sectors to reduce risk and exposure to market fluctuations.

  • Automated portfolio management. With this software, you can set it to update your portfolio to earn the most profits automatically and consistently.

  • Low minimum deposit. You can start with as little as $500.

  • Tax Harvesting. The securities in the portfolio are automatically sold when it would be beneficial to do so to create losses that can offset any capital gains or taxable income.

Pricing

There are no account or trading fees; however, there is a 0.25% advisory fee on your total balance.

Bottom Line

Wealthfront is a great investment option for those looking for alternatives to Betterment.

Wealthfront offers various investment options and automated portfolio management and tax harvesting features.

Wealthfront has a low minimum deposit requirement and does not charge account or trading fees.

Personal capital

Personal Capital

Are you looking for a professional way to invest your money?

Personal Capital is the perfect solution for anyone looking for a more intelligent way to manage their finances. The investment platform offers tailored plans based on individual preferences and goals, so you can rest easy knowing your money is in good hands.

With features like dynamic portfolio allocation, tax optimization, and smart weighting, you can be sure your money is working hard for you.

Sign up for an account and see how Personal Capital can help you achieve your financial goals.

Features and Benefits

  • Intelligent rebalancing. Research shows that regular rebalancing can be a helpful strategy if you’re looking to enhance your investment portfolio value over time. By making ongoing adjustments in response to market opportunities, you can avoid costly emotional mistakes and take advantage of lower prices (buying low) and higher prices (selling high). Plus, staying well-diversified helps reduce risk.

  • Dynamic portfolio allocation. By looking at the entire financial situation, you can be provided with an efficient allocation of assets. Different allocation adjustments will be recommended as your life changes to keep the strategy current with your ever-changing needs.

  • Tax optimization. Securities with higher yields are often placed in tax-sheltered accounts to minimize taxes, and tax-loss harvesting can offset realized capital gains.

  • Smart Weighting™. Having more balance and diversifying rather than limiting exposure to any one sector protects you better from downside risk when a market or segment falls.

  • Wealth management plans. There are different tiers of wealth management depending on how much money you’re willing to invest.

  • Minimum investment required. The minimum investment required is $100,000.

Pricing

You are charged a set percentage of your assets under management based on the account holder’s balance tier.

The lower the tier’s AUM, the higher the percentage – 0.89%. For example, someone with a balance of $1 million or below would be in this tier and paying 0.89%. On the other hand, those with a much higher balance – say $10 million or above- only have to pay 0.49%

Bottom Line

Personal Capital is a digital wealth manager offering a tailored investing approach based on individual needs and goals.

Their features include intelligent rebalancing, dynamic portfolio allocation, tax optimization, and smart weighting.

Plus, with a minimum personal investment account of $100,000, it is an excellent option for those with a high net worth.

Is Vanguard better than Betterment?

Vanguard and Betterment are two of the most popular financial advisors on the market, and each has its strengths and weaknesses.

Vanguard could win if you’re looking for comprehensive financial planning services.

Vanguard can also offer access to human, financial advisors who can help you navigate everything from retirement planning to estate planning.

In addition, Vanguard offers a wide range of investment options, including traditional and index mutual funds.

On the other hand, Betterment may be a better choice for hands-off investors or those with smaller account balances.

Betterment is an automated investing platform that makes setting up and managing your investment portfolio easy. And because it’s automatic, there’s no need to pay an annual fee for access to human, financial advisors.

Is Betterment better than SoFi?

If you’re looking for the best platform for your needs, it’s worth considering SoFi and Betterment. Both platforms offer various investment options and can help you reach your financial goals.

SoFi is a great option if you’re looking for free financial planning services.

SoFi Money is also great for investing without worrying about fees. However, some of SoFi’s ETFs have high fees that can affect your returns.

Betterment is a good choice if you’re looking for more portfolio diversity. It offers a variety of ESG investments, as well as traditional portfolios.

Betterment is more cost-effective than SoFi Automated Investing, thanks to lower expense ratios and tax-loss harvesting.

SoFi could be the better choice for those looking for a comprehensive investing experience.

The Top Betterment Alternatives

So there you have it, the best of the best when it comes to Betterment alternatives.

You can’t go wrong with any of these picks – they’re all excellent investment advisors that will help you reach your financial goals.

Which one is right for you? It depends on your circumstances and what you’re looking for in an advisor.

Do some research and take your time making a decision – after all, this is your money we’re talking about!

(If you need a complementary tool to improve your financial health, check the popular Mint or one of its alternatives.)