Betterment
recently announced that it is lowering its fees significantly! You may ask yourself, that’s great, but what is Betterment? Well, Betterment is a new way to think about investing and portfolio management. It is a brokerage that is trying to make investing simple, easy, and automated by asking you a bunch of questions to get to know your goals and risk tolerances, and then creating an automatic portfolio to match your needs. Get a $25 Account Bonus when you sign up for Betterment.
What Betterment Offers
Betterment is like a mutual fund custom tailored to your needs, except that it is a fully diversified portfolio at a brokerage. The system is designed to meet your needs and investment amounts. You can invest nothing up front, as long as you’re making monthly deposits, or you can start with a $10,000 investment.
The great thing about Betterment is that you can always withdraw your money at any time, and at no cost. Betterment offers a low fee structure as well, especially compared to other financial services firms.
Betterment Lowered Its Fees
Betterment has really tried to set the bar with its new pricing structure and admits that it is trying to be the best value in investing. There are three main tiers:
Builder – No minimum required, but it does require a $100 monthly deposit, and fees are 0.35% (If you can’t afford to deposit the $100 month minimum, you will be charged a $3 per month fee, in lieu of an annual fee)
Better - $10,000 minimum deposit, fees are 0.25%
Best - $100,000 minimum deposit, fees are 0.15%
Also, if you are considering join Betterment, you can get a 30 day free trial to see what it is all about, and whether its investing approach is right for you and your needs. Betterment: Free Sign up + $25 Bonus! Start now!
Bettermentis very different from a standard brokerage. It is designed to be simpler, easier to use, and more aligned with your individual goals. If you have checked it out yet, consider using the free trial to give it a shot. Be sure to check out my complete review of Betterment.
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Good news, but never researched it that much to open an account with them. What do you suggest?
SB @ One Cent At A Time recently posted..Carnival of Financial Planning – Edition #228
I really like Betterment. I’ve been investing with them for six months now. I wrote a review earlier about them. http://moneyqanda.com/betterment-review/
I was lucky and joined in October when the market really started to catch fire. I’m up 11% in the last 6 months. I really like the ETFs that Betterment uses and bases their entire system around. Hope that helps.
Hank recently posted..Infographic: Money Questions We All Ask
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