Overview

Betterment is a fiduciary financial service combining guided investing, cash management, and retirement planning. It is best suited to people who want automated portfolio management and goal tracking, with the option to trade stocks and ETFs themselves. Its breadth is a strength, but the Digital and Premium eligibility thresholds and unspecified prices call for a close fit check before choosing a plan.

Founded in 2008 and headquartered in New York, Betterment reports more than 1 million customers and more than $70 billion in assets under management. Customers can link outside accounts for funding, net-worth tracking, and goals; instant connections use Plaid.

Key features

Guided investing and tax features

Expert-built portfolios, ongoing advice, trading, rebalancing, and reinvesting technology make Betterment a fit for investors who would rather delegate routine portfolio management.

Self-directed investing and cash

Customers can trade stocks and ETFs without trading commissions, and Betterment waives its management fee on self-directed accounts. Cash Reserve has no monthly management fee; Checking has no overdraft fees and reimburses ATM fees.

Mobile, security, and support

The Android and iOS app supports deposits, transfers, withdrawals, outside-account connections, goal and performance tracking, and dark mode. Security controls include two-factor authentication, encrypted connections, password hashing, app-specific passwords, and biometric authentication. Betterment's Trust Center carries SOC 1 Type II, SOC 2 Type II, SIG, and U.S. Department of Labor Cybersecurity badges. Betterment Securities is a SIPC member, with coverage up to $500,000 for securities customers, including $250,000 for cash claims.

Phone support is available at (718) 400-6898 Monday–Friday 8:00 AM–9:00 PM ET and weekends 9:00 AM–6:00 PM ET. Advisor Solutions integrations also let advisors at other providers view client information, holdings, and activity.

Pricing

Betterment uses a freemium model, with paid access starting at $5/mo. Digital has a $200 monthly recurring deposit or a $24,000 eligible balance requirement; Premium requires a $100,000 minimum eligible investment balance. Prices for those plans are custom pricing, so their thresholds alone do not establish the cost of qualifying.

Cash Reserve is free, with no monthly management fee and a $10 minimum deposit. It is the clearest fit for someone seeking the cash product without a management fee, rather than a substitute for the paid investment plans. The free plan provides an entry point, but its included services and limits are not defined here, so it is not possible to compare its investment scope with Digital or Premium.

Platforms

Betterment is available on web, Android, and iOS. The mobile app covers common account actions and tracking, while the web platform offers another access point.

Who it's for

Betterment suits people who want managed investing, retirement planning, cash products, and financial goals in one service, particularly those who value automated rebalancing and tax features on eligible accounts. Self-directed stock and ETF traders may also find the commission-free trading and waived management fee useful. It is a weaker fit for anyone who needs a clearly priced Digital or Premium plan before deciding, or whose eligible balance and recurring deposits do not meet the stated thresholds.

Pros and cons

Pros: Automated portfolios include trading, rebalancing, reinvesting, and ongoing advice, reducing the need to manage routine portfolio activity personally.
Pros: Tax-loss harvesting and Tax Coordination extend the service beyond basic portfolio automation for eligible accounts.
Pros: Commission-free self-directed stock and ETF trading, plus a waived management fee on those accounts, supports customers who want to manage some investments themselves.
Pros: Cash Reserve has no monthly management fee, and Checking combines no overdraft fees with ATM fee reimbursement.
Cons: Digital and Premium require substantial deposits or eligible balances, while their prices are custom pricing; that makes plan fit and cost harder to assess upfront.
Cons: Cash Reserve requires a $10 minimum deposit, and the free plan's scope is not defined well enough to judge its usefulness for investing.

Alternatives

For a savings-focused alternative, Automated Savings Apps is a useful comparison category. Readers looking for planning tools beyond investment management can also browse Financial Planning Software.

Choose Chip instead if its savings-account access and autosaves available for 45p per save suit your needs; its Basic plan is free. finbee is another free-plan option on Android and iOS, with separate plans including a two-year limit on savings-history access in its フリープラン.

Goin offers free automatic saving, investment options, and rewards, with a Goin Pro plan at 1.33 EUR per month for readers who want its listed paid tier. PiggyVest may suit someone seeking a free service on web or mobile, though some products have processing fees and early withdrawals may incur penalties.

Plum offers a free Basic plan with one pocket and a limited spend tracker, making it a more constrained choice for pocket-based saving. Guac and Piggo are other free-plan options to compare. SavingsBox has a free plan with savings boxes, a limited AI coach, bank and ACH payments, a wallet, and manual contributions; it may fit readers who want those tools without a paid plan.

Verdict

Choose Betterment if you want fiduciary guided investing with automated portfolio management, retirement planning, tax tools, and cash products under one roof. Its strongest case is the combination of delegated investing and self-directed options. Look elsewhere if you need Digital or Premium pricing to be clear before committing, or cannot meet their eligibility thresholds.

	Betterment	Tunzi
Free plan	Yes	Yes
Free trial	No	No
Paid from	$0.05/mo	Free
Open source	No	No
Platforms	Android, iOS, Web	Android, iOS, Web
Free plan	Yes	Yes
Paid from	5 /mo	—
Scheduled transfers	Yes	—
Interest on savings	Yes	Yes
Withdrawal method	manual	manual
Card roundups	—	No
Custom savings rules	—	Yes

Betterment vs Tunzi

Betterment

Tunzi