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Betterment vs. Wealthfront - Any thoughts on these two robo-advisors?

Posted on 1/23/23 at 8:06 pm
Posted by saintforlife1
Member since Jul 2012
1374 posts
Posted on 1/23/23 at 8:06 pm
I want to set side some money each month for automatic investments in one of the robo-advisors. Any thoughts how Betterment compares to Wealthfront? Is one better than the other? Planning to start with a simple brokerage account, but if I like it, I might move over my IRA and 529 accounts too.
Posted by ev247
Member since Nov 2022
479 posts
Posted on 1/23/23 at 8:19 pm to
Hopefully someone has more to offer, but my anecdote is that I tried them both with the same risk profile over a period of about a year and Wealthfront outperformed by a good margin so I closed Betterment. 9.5/10 risk profile fyi
Posted by PrideofTheSEC
Baton Rouge
Member since Apr 2012
5242 posts
Posted on 1/23/23 at 11:43 pm to
I had betterment from 2021-2022. It performed well and was very easy to use. Actually had no complaints but it was absolutely a dreadful experience to get them to move my money when I decided to move it somewhere else. They make it extremely difficult.
Posted by ev247
Member since Nov 2022
479 posts
Posted on 1/24/23 at 1:12 am to
I actually moved my Wealthfront accounts to Fidelity last week and it was smooth as can be. I only moved away from Wealthfront because I wanted to get some individual stocks and their platform doesn't support that. No complaints about the company or experience otherwise
Posted by GREENHEAD22
Member since Nov 2009
20582 posts
Posted on 1/24/23 at 8:29 am to
Don't all tye investment companies offer something similar. I am pretty sure Vanguard has something similar.
Posted by glorymanutdtiger
Baton Rouge
Member since Jun 2012
4574 posts
Posted on 1/24/23 at 8:44 am to
I use Vanguard digital. I like it but it doesn’t let you invest into stocks if you want to do that. It shouldn’t if it’s a robo advisor.

It’s a percentage of vanguard mutual funds based on your investment risk tolerance.

Mine is 60% VTI and 40% VXUS
This post was edited on 1/24/23 at 8:45 am
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