See current Betterment (betterment.com) promotions and sign-up offers updated here. Betterment and Wealthfront are two of the most popular players in automated investing. They’re also known as Robo-Advisors in the investment community.
- Update 11/16/2022: Effective 12/15/22, the pricing for Betterment Digital will change to 0.25% annual fee with $20K minimum balance or a qualifying recurring deposit required. Otherwise, $4/month >>Details here
Betterment is pretty much a lower cost alternative to hiring an investment advisor. The thing is, investment advisors typically only work with people with high net worths anyway. Betterment gives you investment advice in an automated fashion. This saves them money and in turn saves money for you.
Using automation, they are able to maximize your return on investments, all while minimizing a lot of the risk associated with investing in the market.
Betterment is a reputable service and has been featured in The New York Times, The Wall Street Journal, Forbes and Bloomberg.
See Posts History below for more offers from Betterment.
Betterment Promotion: 12 Months Of Free Service
Right now you can receive up to 12 months of free service from Betterment with an initial deposit of at least $15,000.
- You must fund at least the $15,000 initial deposit within 45 days of signup
- This promotion is not valid with any other offers and is non-transferable.
- Offer available to U.S. Residents only.
|Deposits within 45 days||Bonus Free Management|
|$15,000 – $99,999||1 Month Free|
|$100,000 – $249,999||6 Months Free|
|$250,000+||1 Year Free|
scroll down to the middle of the page for the offer
If you’re a high capital investor with at least $100k to invest, you may want to consider Empower, which has a robo-advisory service along with industry leading human financial advisor services. See the list of the current best Robo-Advisors here.
Betterment Referral Bonus: Extra Free Year
Promo has updated to a “special” offer. See the link for details.
You can earn an extra free year of Betterment service with their referral offer, on top of the initial free service promotion above.
When it comes to investing, most people think of Wall Street and high-priced stockbrokers. The truth is, you don’t need a lot of money to get started in investing. In fact, there are a number of companies that will help you get started with as little as $100. One of the leaders in this category is Betterment. Let’s take a closer look at what they have to offer.
Betterment is a clear leader among robo-advisors, offering two service options: Betterment Digital and Betterment Premium. Betterment Digital provides automated portfolio management and charges 0.25% annually. Beginning December 15, 2022, the fee will change to $4 a month for balances under $20,000. For balances over $20,000 or have a $250 or more monthly recurring deposit, the fee will remain at 0.25% annually. Betterment Premium provides unlimited phone access to certified financial planners for a 0.40% fee and $100,000 account minimum.
Betterment is a great tool for anyone who wants to invest without having to put in a lot of time and effort. For me, it was really easy to set up and get started, and I like that I can just set it and forget it. I don’t have to worry about managing my investments myself, which is nice.
I like that Betterment offers two different service options because it allows people to choose the level of service that they’re comfortable with. For me, I went with the Digital option because I’m pretty comfortable managing my own finances. But for someone who’s just starting out, or who wants more hand-holding, the Premium option might be a better fit.
One thing to keep in mind is that there is a $100,000 account minimum for the Premium service. So if you’re not looking to invest that much money, you’ll need to go with the Digital option. But overall, I think Betterment is a great choice for anyone who’s looking for a robo-advisor.
Pros & Cons
- Two service options to choose from
- Easy to set up
- Automated portfolio management
- Unlimited phone access to certified financial planners (Betterment Premium)
- No need to worry about managing investments
- $100,000 account minimum for Betterment Premium
Frequently Asked Questions (FAQ)
Betterment is an automated investing service, also known as a robo-advisor.
You can start investing with Betterment with as little as $100.
Betterment offers two service options: Betterment Digital and Betterment Premium. Betterment Digital provides automated portfolio management and Betterment Premium offers unlimited phone access to certified financial planners.
Betterment Digital charges a fee of 0.25% annually, or $4 per month for balances under $20,000. The fee for balances over $20,000 or with a $250 or more monthly recurring deposit will remain at 0.25% annually.
Betterment Premium has a fee of 0.40% and requires a $100,000 account minimum.
Betterment is a great option for anyone looking to invest without putting in a lot of time and effort. It’s easy to set up and manage, and offers two different service options to fit your needs and comfort level.
- Betterment Cash Reserve Account Earns 4.75% APY
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