Acorns vs. Betterment: A Comprehensive Comparison
Overview
Acorns: Acorns simplifies investing by rounding up your everyday purchases and investing the spare change. It’s perfect for users who prefer a hands-off approach to building their investment portfolio. Start with Acorns today!
Betterment: Betterment offers a more personalized investment approach, with tailored portfolios based on your financial goals and risk tolerance. It includes features like tax-loss harvesting to optimize returns. Explore Betterment now!
Features
Acorns
- Round-Ups: Invests spare change from everyday purchases.
- Found Money: Cashback rewards from partner brands.
- Retirement Accounts: Includes Traditional and Roth IRAs.
- Checking Account: Includes a checking account with no minimum balance.
Betterment
- Personalized Portfolios: Custom portfolios based on financial goals and risk tolerance.
- Tax-Loss Harvesting: Identifies and sells losing investments to offset gains.
- Financial Advisors: Access to certified financial planners for Premium users.
- Retirement Planning: Tailored retirement strategies and projections.
Fees
Acorns: Acorns charges a flat monthly fee. The Personal Plan is $3/month, while the Family Plan is $5/month. Check out Acorns’ pricing details here!
Betterment: Betterment charges a percentage of assets under management. The Digital Plan is 0.25% annually, and the Premium Plan is 0.40% annually. Learn more about Betterment’s fees here!
| Plan | Acorns | Betterment |
|---|---|---|
| Personal Plan | $3/month | 0.25% annually |
| Family Plan | $5/month | 0.40% annually (Premium) |
Support
Acorns
- Support Channels: Email, Chat, Phone (Premium)
- Response Time: 24-48 hours
Betterment
- Support Channels: Email, Chat, Phone (Premium)
- Response Time: 24 hours
For more efficient and responsive support, Betterment’s Premium plan is highly recommended. Learn more about Betterment’s support options here!
Additional Notes
Note: Acorns is a great option for beginners and those who prefer a low-maintenance investment approach. Sign up for Acorns to take advantage of our bonus!
Note: Betterment is suited for users seeking a more hands-on investment experience with sophisticated tools and personalized advice. Discover Betterment’s premium features here!
Note: Both platforms offer mobile apps for easy investment management on the go.
Conclusion
Acorns: Acorns excels with its user-friendly approach and is highly rated for its simplicity and the added benefit of a sign-up bonus. It’s perfect for those who want to start investing with minimal effort. Get started with Acorns today and enjoy our bonus!
Betterment: Betterment stands out with its comprehensive investment tools and personalized advice, making it ideal for users who want more control and advanced features in their investment strategy. Explore Betterment’s features and find the right plan for you!