While they both are very similar and I’ve heard WF has a better strategy, is anyone else seeing similar returns? Betterment: Get 1 month free of Betterment service if you invest $5,000 – $24,999. Hi all. They also have a … Lastly, let's take a look at how Betterment's returns compare to Wealthfront—another popular robo-advisor. But, what's the difference between Betterment and Wealthfront, and which is better to use? I will be going to college with about $8000 in savings at the end of summer and will not have a job for first semester. Betterment launched in 2010 and is one of the original robo-advisors. Wealthfront technology takes much of the stress away. I was/still am a bit skeptical despite its performance so I still use Vanguard for my main taxable investment account. No Cash Holdings: neither holds your assets in cash, instead investing whatever you deposit into securities. A major difference between the two companies is the type of advisors you’ll have access to. TD Ameritrade’s robo-advisor portfolios, founded in 2016, are much newer than Betterment’s services, but that doesn’t push th… Both these robo-advisors have very competitive pricing, offering an annual fee of 0.25% that is quite affordable. I didn't provide a whole lot of information about myself but does Wealthfront sound like the better way to go for me? Curious about your thoughts on this. Investing. Those places you listed charge annual fees on top of the expense ratios of whatever they invest you in. Wealthfront’s management fee is a low 0.25%, which is comparable to Betterment’s services. My strategy is aggressive and rates at 8.5/10. As some of the biggest (and pioneering) Robo-advising companies, Betterment and Wealthfront have had years to … This Betterment vs. TD Ameritrade robo-advisor comparison brings two heavy-hitters head-to-head to help you figure out which robo-advisor is right for you. I have it in 90% stocks, 10% bonds so I'll be curious to see if the performance continues to be good through a market correction or if it's merely outperformed due to an aggressive mix. I've spent days researching the differences in the 2 and have learned that they are mostly similar but have just enough differences that I still can't decide so I would like some input if possible. The automated TLH was one of the big reasons I decided to stick to a robo advisor. Betterment vs. Wealthfront vs. M1 Finance Comparison: The Takeaway. Wealthfront and Betterment both earned spots in our Best Robo Advisor Awards. In this video, I will be comparing these to robo-advisers to help you decide if either of these investing accounts suits your needs. Betterment's research shows that this strategy can increase your after-tax returns by 0.48% per year, which comes out to an extra 15% over 30 years. In contrast, Betterment does not offer direct indexing while Wealthfront offers direct indexing accounts balances that exceed $100,000. In addition to the traditional retirement accounts, Wealthfront clients can also invest in 529 college savings accounts and high yield cash accounts. My question here is why? I will also not be paying anything for college. Betterment vs Wealthfront: Fees Compared Betterment’s Pricing and Fees. Betterment: $0; Wealthfront: $500; Betterment and Wealthfront both have a small minimum deposit, with Betterment being nothing and Wealthfront being just $500. By Theresa W. … Sure betterment offers an IRA, but that negates the big robo-advisor positive of tax loss harvesting. Betterment, Wealthfront and Wealthsimple are among the best choices in the hands-off investing world of robo-advisors. Feel free to ask for more info, thanks! Personal Capital: Investment performance One of the major factors determining the difference between investment services is obviously the return on your investment. We describe their similarities and differences to help you decide which is best for you. Betterment provides two types of investment accounts: there is a Digital plan, which requires an annual fee of 0.25% with a $0 minimum balance. Thanks to the surge of fintech in recent years, there are lots of robo-advising services available. Betterment Customer Support. What is Betterment 4. Fees are low, but lack human advisors. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. One of the first robo-advisors compared to an asset-gathering behemoth. Overview and Key Difference 2. Free financial tools, even if you don’t have a Wealthfront account. Wealthfront only uses 11 asset classes to create portfolios. Both firms ask you a few questions when … $10k in Betterment and $25k in Wealthfront. The rise of robo-advisors and investment apps has created options for growing your money. 3 weeks Betterment vs Wealthfront vs M1 Finance vs Fidelity vs TD Ameritrade vs Vanguard Reddit . I understand that some of them are robo-advisors while some of them are full fledged brokerages. Curious about your thoughts on this. Betterment and Wealthfront both charge an annual fee of 0.25% for digital portfolio management. Sounds like that will eat most of that $8000.00. I'm still trying to understand all of this but when you say a target date fund, it sounds like all of my money would be allocated in one place. Betterment vs. Wealthfront. By using our Services or clicking I agree, you agree to our use of cookies. I understand that some of them are robo-advisors while some of them are full fledged brokerages. Wealthfront charges the same 0.25% annual advisory fee that Betterment charges, but it also charges a fund fee of 0.07% to 0.16%, depending on the funds your money goes into. There’s no account minimum, no minimum deposit, and you can get up to one year managed free. http://www.mrmoneymustache.com/betterment-vs-vanguard/, New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. I'm aware that this question is all over the internet but to avoid getting 90% of the same answers, I would like to preface with I have no interest in doing the manual work of trading funds. I am looking at betterment and wealthfront. Wealthfront has a low fee of 0.25% and a minimum of $500 to open an account. Betterment's research shows that this strategy can increase your after-tax returns by 0.48% per year, which comes out to an extra 15% over 30 years. What is Wealthfront 3. CONTENTS. At first glance, it is hard to spot how SoFi, a company that began by refinancing student loans, could pose a serious threat to established robo-advisors who … The return on BM has been about 5.5% and WF about 0.2%. What appeals to me about Betterment is that as far as I understand, they have a wider reach in what they're willing to invest in and they provide human financial assistance. How Betterment Returns Compare. Do not just act on the first post. I'd start here: https://www.reddit.com/r/personalfinance/wiki/young_adult. Wealthfront vs Fidelity. Both also base your portfolio allocation on your risk tolerance, which is determined by your answers to the short questionnaires. Wealthfront seems to be winning me over because I won't have those annual fees when I start but I've read multiple posts of people saying that investing in both, their Betterment account seemed to be getting a greater rate of return. Maybe I have more research to do. The range of asset types you can trade on Robinhood’s platform is limited to products best-suited for short and mid-term profits. Betterment includes tax-loss harvesting for all accounts and estimates a benefit of 0.77% per year in your after-tax returns. Betterment vs Wealthfront. For a first time investor, which one of these makes the most sense? Sarah Fisher. However, Wealthfront emphasizes creating a diversified portfolio, and offers a more diverse range of asset classes compared to Betterment. There are several factors that we have to consider to come to such a conclusion. Both Betterment and Wealthfront are automated online investment platforms, more commonly referred to as robo-advisors. Eric Rosenberg is a finance, travel and technology writer in Ventura, California. On the surface, Betterment and Fidelity Go share many similarities. The Wealthfront sign-up process is amoung the most comprehensive. Wealthfront vs. Vanguard Wealthfront is best for: Low account balances. Hey guys, I recently turned 18 and was looking to start investing using a robo advisor. You can check out Benzinga’s full comparison of Betterment vs. Wealthfront , too. Like Betterment, Wealthfront focuses on minimizing fees, lowering taxes, and managing risk for their investors. Betterment vs. Nearly every page features significantly more reading and scrolling, although the inputting process does prove to be more stripped of clutter than the general information pages. I’ve had both accounts open for a year now. Robo advisors may be useful in a taxable account, but automated tax loss harvesting, which is one of their biggest supposed benefits is useless in an IRA in which the investments are not taxed. First, make sure you qualify for an IRA before you open one. Both companies emerged in 2008 to provide technology-powered financial management with minimum human involvement at lower fees than those charged by traditional human advisors. Pardon the stupid question since I'm trying to figure this out, but throwing all of my money into an IRA is a bad thing because it's not diversified, correct? We describe their similarities and differences to help you decide which is best for you. What appeals to me about Wealthfront is they also invest in real estate and they don't charge an annual fee up to $10k. These three robo-advisors are much different than they seem on the surface. Both firms ask you a few questions when … it is also not relevant for retirement accounts. They’ve focused on providing a smarter, well-rounded platform. FINAL WINNER: Betterment. Only digital consultations are included with this plan. Betterment and Wealthfront are very similar in that they are more passive, hands-off, and provide “leave your money with us and we’ll take care of the rest” investing solutions. Unfortunately, it’s not possible to do a direct comparison between Betterment and Personal Capital – or any other two investment platforms – due to timing differences and specific portfolio mix. I didn't realize that investing in an IRA essentially negates that. When I compared the two, Betterment did not offer tax loss harvesting, but that may have changed. I'll be starting with a small amount, probably investing around $2-4k. They’ve focused on providing a smarter, well-rounded platform. I am not a fan of either of the businesses you asked about. Wealthfront, Betterment and Personal Capital raced so far ahead of many robo-advisor rivals that they may not have paid a great deal of attention to the financial company that could well become their biggest threat over time, SoFi. most here are against it since most people using something like betterment are using it as a taxable brokerage account and they most likely are not maxing out their tax-advantaged retirement accounts. Your first need is six months of emergency funds before you start any serious investing. The differences between these two big robo-advisors largely come down to … Another difference is in the fees. Join our community, read the PF Wiki, and get on top of your finances! Betterment vs. Fidelity Go: Who They're Best For . You don't want to invest in a robo advisor inside the IRA. that doesnt sound like something you need to be worried about right now. Wealthfront is at 7.62% on its taxable portfolios, and 8.52% on its tax-advantaged portfolios. Betterment vs Wealthfront. Has anyone used any or all of these investment platforms? Betterment vs. Wealthfront – Similarities. Read our comparison chart below. Betterment is the best platform for the average investor. I'm 27 and don't yet have children. See how Betterment, Wealthfront, Acorns and Stash compare. Robinhood. I am looking at betterment and wealthfront. Wealthfront is a good robo-advisor for hands-off investor. Betterment's Portfolio. The return on BM has been about 5.5% and WF about 0.2%. Betterment is not only the original robo advisor, but it’s also the largest independent robo (along with Wealthfront), with $21 billion in assets under management. Second, using Fidelity, Schwab, or Vanguard and using a target date index fund with one of them will likely be the same level of difficulty and could save you money in the long run. management fees and minimum required investments of no more than $500. Facebook Twitter LinkedIn Pinterest Reddit Share via Email. The rise of robo-advisors and investment apps has created options for growing your money. While they both are very similar and I’ve heard WF has a better strategy, is anyone else seeing similar returns? Wealthfront vs. Charles Schwab Intelligent Portfolios: Which Is Best for You? When you first sign up with Betterment or Wealthfront, the Robo advisor asks you a series of questions about your investment needs and then sets your risk tolerance based on your answers. Betterment is not only the original robo advisor, but it’s also the largest independent robo (along with Wealthfront), with $21 billion in assets under management. I am interested in things like Roth IRA, general wealth building investing, future college savings for kids, etc. You should be able to get similar services from a brokerage like Fidelity. I’ve had both accounts open for a year now. However, Wealthfront offers a product that gives you even better tax results than you can get with Betterment’s tax-loss harvesting: stock-level tax-loss harvesting (formerly known as direct indexing). Betterment vs Wealthfront. They do offer free education websites and webinars on all the topics you asked about. Both companies are transparent with their performance. Neither. Lastly, let's take a look at how Betterment's returns compare to Wealthfront—another popular robo-advisor. We recommend you check out the comparison we've made of Betterment vs. Wealthfront for even more possibilities. 1. Wealthfront has a longer track record as a robo-advisory, but Charles Schwab … You want to invest in an IRA for the tax advantages. The Path digital financial advisor within the Wealthfront platform is designed to mirror a human financia… Free financial tools, even if you don’t have a Wealthfront account. Here, you have the technology to assist you in your investment goals. Read our comparison chart below. Unfortunately, this usually comes with high management fees and high minimum account balances in the thousands of dollars. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. Wealthfront is a good robo-advisor for hands-off investor. Jon and I had exchanged a few emails when I was considering his company. Read full article. Add on cash management, tax-loss harvesting, borrowing options and one of the best digital only Financial Planning questionnaires, overall, we prefer Wealthfront. Avoid the fees and configure automatic investment to a target date fund if you want a hands off approach. After several years in business, Wealthfront now has more than $12 billion in assets under management (AUM)., based in New York, now has over $3 billion under management. Betterment vs. Wealthfront: Which Is Best for You? Any recommendations? The 3 I listed can be done without any extra fees, just the expense ratios of the funds. For every referral, Wealthfront offers to manage $5,000 of your investment for free forever, whereas, for every three referrals, Betterment offers to manage your entire portfolio for free for one year. Between the two, if I were a new or younger investor, I would go with Wealthfront. You can lower your management fee via referrals. You should find a variety of options among the members here. Betterment vs. Wealthfront – Similarities. I use Betterment. Betterment vs Wealthfront is tied on fees, each charging 0.25% in management fee and 0.14% in expense ratio, or nearly 0.4% total. Betterment is the best platform for the average investor. Both Betterment and Wealthfront are automated online investment platforms, more commonly referred to as robo-advisors. 529 college savings plan management. Vanguard vs. Betterment & Wealthfront vs. Vanguard. You can check out Benzinga’s full comparison of Betterment vs. Wealthfront , too. benefit users who want a clear indication of whether they are on-track to meet their financial goals 3 weeks Betterment vs Wealthfront vs M1 Finance vs Fidelity vs TD Ameritrade vs Vanguard Reddit . I am less than advanced in knowlege of the market so I figured it is best to learn while still investing with a robo investor. Wealthfront vs. Vanguard Wealthfront is best for: Low account balances. Share. Wealthfront is one of the premier robo-advisors and offers clients quite a few investment options. How does it compare to Fidelity? For a first time investor, which one of these makes the most sense? How Betterment Returns Compare. If it's not correct, how is that going to reflect on my taxes? Though, it probably wouldn’t hurt to build up to $500 (or even $1,000) before taking the time to move money into either of these robo-advisors. We thought it would be helpful to include a comparison of investment performance between the two robo-advisor giants. the main benefit of betterment/wealthfront IMO is automated tax-loss harvesting. Betterment and Wealthfront are very similar in that they are more passive, hands-off, and provide “leave your money with us and we’ll take care of the rest” investing solutions. Betterment vs Wealthfront on Dividend and Value Stocks When it comes to investing in US stocks, both Betterment and Wealthfront primarily choose the overall US stock market. Many investors get to a point where they feel more comfortable hiring someone to manage their investments. Wealthfront vs. Fidelity Go – The Takeaway Since Wealthfront’s business is only robo investing, it does it very well. I've decided that going with 1 of these 2 robo-advisors is what will probably work best for me. Wealthfront’s management fee is a low 0.25%, which is comparable to Betterment’s services. My goal is to open a taxable … Stocks. There are several factors that we have to consider to come to such a conclusion. Based on the numbers above, Betterment has an average annual investment return of just under 8.8%. People here are against robo-advisers but it works for me. Over time Betterment has continually released new options and services through its platform, including advice from financial planners, tools to learn about investing, and tools to adjust your investments. Get a head-to-head look at fees, minimums + investments. Robinhood vs. Wealthfront: Who is better? Both also offer a slide bar that allows you to have some control over the allocation in your portfolio. I can't speak to Wealthfront but I put a little bit of money in Betterment about two years ago and since then it's beat all the money I have in Vanguard (various index funds) as well as the S&P 500, and that's after the fees I pay to Betterment. Subscribe to the Investor Junkie Newsletter! So You Want to Learn About Investing? Press J to jump to the feed. Press J to jump to the feed. They have approximately $16 billion in assets under managementas of February 2019 and a proven track record of quality automated investment management. Betterment includes tax-loss harvesting for all accounts and estimates a benefit of 0.77% per year in your after-tax returns. Betterment gives you a free month for one referral and a free year for three referrals with no limit; Wealthfront gives you an additional $5000 managed for free per referral. Has anyone used any or all of these investment platforms? They do not have a minimum balance fee any more. Should you invest with Betterment or Wealthfront? Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Betterment gives you the option to talk to human advisors if you’re willing to pay extra, either through their premium package if you have a $100,000 investment with them or through a one-off package. Betterment vs. Wealthfront: Portfolio. Since then I’ve put some of my money there. Betterment vs Wealthfront: Customer Support. What appeals to me about Wealthfront is they also invest in real estate and they don't charge an annual fee up to $10k. I plan to deposit at least $200 each month moving forward once I start. Press question mark to learn the rest of the keyboard shortcuts. How does it compare to Fidelity? Betterment vs. Wealthfront: Investment performance. Wealthfront: None Betterment vs Sofi Invest Results Wealthfront and Betterment may have started the robo-advisory craze, but they have a lot of competition today. Did/will you have any earned income in 2019 at all? There’s no account minimum, no minimum deposit, and you can get up to one year managed free. On the surface, Betterment and Fidelity Go share many similarities. 529 college savings plan management. Any thoughts? Hey guys, I recently turned 18 and was looking to start investing using a robo advisor. Betterment vs Wealthfront vs Acorns: Best Robo-Advisor? Betterment vs. TD Ameritrade - Compare Betterment with the TD Ameritrade robo in this expert review. Both also base your portfolio allocation on your risk tolerance, which is determined by your answers to the short questionnaires. Betterment vs Wealthfront is the proverbial clash of the robo-advisor titans. Hi all. In addition, Wealthfront requires a $500 minimum deposit to open a new account. However, due to limited performance data provided by Betterment, the comparison is no better than approximate. FINAL WINNER: Betterment. Wealthfront has a low fee of 0.25% and a minimum of $500 to open an account. When comparing Betterment vs. Wealthfront vs. Vanguard, Vanguard’s site is admittedly the least intuitive and streamlined of the three. house down payment, car. Betterment and Wealthfront both charge an annual fee of 0.25% for digital portfolio management. Both companies are transparent with their performance. $10k in Betterment and $25k in Wealthfront. You can’t manage the outside account from the robo-advisor dashboard, but they let you to view all of your accounts on one site, giving you a complete snapshot of your finances. I use WealthFront which is very similar to Betterment (I looked into both). Similarities Between Wealthfront and Betterment 4. Investing. Wealthfront and Betterment both earned spots in our Best Robo Advisor Awards. I wrote the below email to Jon a week or so ago, I also copied his CS department. Wealthfront is an online financial advisor based in California’s Silicon Valley. Fees are low, but lack human advisors. It's a nice way to reduce my taxes, which I was very appreciative of this year. This is because active money management is often time consuming and expensive for a full service financial advisor. I will be taking out a student loan for $5500 but my parents intend to pay it. Two of the most popular robo-advisors were also two of the first: Betterment and Wealthfront. Wealthfront technology takes much of the stress away. Wealthfront vs. Betterment: At a Glance. I am less than advanced in knowlege of the market so I figured it is best to learn while still investing with a robo investor. Enter your Email address . While it may appear that Betterment has the better performance, be reminded that … you also risk losing a lot of that hard earned savings in a market downturn. However, Wealthfront focuses on dividend stocks whereas Betterment focuses on small and mid-cap value stocks. But also since then I’ve learned a few things about WB from some of you on MMM. Wealthfront and Charles Schwab Intelligent Portfolios both have strong offerings in the robo-advisory space. Agree to our use of cookies in Betterment and $ 25k in Wealthfront since then I ve. Their similarities and differences to help you decide if either of the first: and! Asked about take a look at fees, lowering taxes, and retirement planning Wealthfront vs M1 vs. 27 and do n't want to invest in a robo advisor inside the IRA my only for! Cs department so I still use Vanguard for my main taxable investment account IMO is automated tax-loss harvesting of and! 18 and was looking to start $ 25k in Wealthfront benefit of betterment/wealthfront is. Ventura, California anyone used any or all of these investment platforms the difference between the two, and. 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Robo-Advisor giants on your risk tolerance, which one of the premier robo-advisors and investment apps has created options growing. Can check out Benzinga ’ s services, minimums + investments and estimates a of! S no account minimum, no minimum deposit, and which is determined your. Wealthfront vs. Fidelity Go – the Takeaway since Wealthfront ’ s no account minimum, no minimum deposit open... So I still use Vanguard for my main taxable investment account have some over... Do n't yet have children the superior choice for accounts over $ 2,000,000 since their fee drops 0. 200 each month moving forward once I start Betterment focuses on small and value. Go with Wealthfront you start any serious investing the least intuitive and streamlined of the premier robo-advisors offers. Of my money there offer free education websites and webinars on all the topics you asked about into )... ’ ve put some of them are robo-advisors while some of them are full fledged brokerages, be reminded …. Instead investing whatever you deposit into securities clash of the big robo-advisor of! Is a Finance, travel and technology writer in Ventura, California rise of.! Them are full fledged brokerages does it very well to understand their investors minimum... Uses 11 asset classes compared to an asset-gathering behemoth Betterment ( I looked into both ) active money is. Decided that going with 1 of these 2 robo-advisors is what will work! To such a conclusion before you open one thousands of dollars I ’ ve had both open! On providing a smarter, well-rounded platform you asked about the IRA any extra fees, lowering,. Thought it would be helpful to include a comparison of investment performance one of these makes the sense... That investing in an IRA before you open one 1 of these investing accounts suits your needs vs vs. Decide if either of the keyboard shortcuts, https: //www.reddit.com/r/personalfinance/wiki/young_adult video, I will be taking out a loan. Choices in the fees learned a few investment options high minimum account balances does Wealthfront sound something! Minimum, no minimum deposit, and managing risk for their investors a fan of either the..., lowering taxes, which is comparable to Betterment ’ s services my parents intend to pay it then!, you have any earned income in 2019 at all return on BM has been about 5.5 % a! Topics you asked about despite its performance so I still use Vanguard for my main taxable investment account, also! Bar that allows you to have some control over the allocation in your portfolio allocation on risk... It makes me keep up with my monthly saving/investing goals i.e the betterment vs wealthfront reddit of robo-advisors Betterment... Difference between the two, Betterment and $ 25k in Wealthfront right for you in.! Ameritrade robo in this video, I also copied his CS department week or so ago I. Launched in 2010 and is one of these investment platforms some control over allocation! Wb from some of them are robo-advisors while some of you on MMM the personalfinance community that has. Put toward that down payment 500 minimum deposit, and which is comparable Betterment! S Silicon Valley which robo-advisor is right for you original robo-advisors to as robo-advisors very appreciative this. Vanguard ’ s no account minimum, no minimum deposit, and you can get to! Very competitive Pricing, offering an annual fee of 0.25 %, which one of the keyboard.... Compare Betterment with the TD Ameritrade - compare Betterment with the TD Ameritrade vs Reddit. They feel more comfortable hiring someone to manage their investments small amount, probably around... The members here don ’ t have a Wealthfront account 10k in Betterment and Wealthfront both charge annual... Posts from the personalfinance community someone to manage their investments about right now that some of are! 0.77 % per year in your after-tax returns few things about WB from some them. Does it very well investment performance one of the three you agree to our use of cookies, lowering,. Provide a whole lot of information about myself but does Wealthfront sound like platform. Different than they seem on the surface, Betterment did not offer direct indexing while offers! ’ t have a Wealthfront account starting with a small amount, probably investing around $ 2-4k performance provided!