Header banner
Revain logoHome Page
betterment logo

Betterment Review

3

·

Very good

Revainrating 4.5 out of 5  
Rating 
4.7
HR, 401(k) Software

View on AmazonView on ЯM

Description of Betterment

Betterment is an independent online financial advisor. Betterment gives personalized, fiduciary advice for retirement planning, building wealth, and other financial goals. Then, invest money, working to lower taxes and increase long-term returns.

Reviews

Global ratings 3
  • 5
    2
  • 4
    1
  • 3
    0
  • 2
    0
  • 1
    0

Type of review

Revainrating 5 out of 5

Great asset management platform for individuals

I like that it's simple with just one account per user so there isn't any confusion about how your accounts are being managed or where you should be putting certain funds/investments in order to get optimal results. The only thing I dislike at this time is not having more than 1 year of historical data available (if using their services). If they add this feature then we'd have no problem recommending them! We're trying out many different types of investments but nothing has been as effective…

Pros
  • It makes managing my personal finances easy for me because everything stays organized within an intuitive interface while allowing access across multiple devices including desktop computer & mobile phone apps plus web portal viewable anywhere online regardless if accessing remotely outside home location work office building internet connection awayfromhomeworkplacelocationofficeorevenatmyownhouseinfrontofmylaptopwhileonvacation(notrequiredtobeconnectedtothe
Cons
  • Almost never

Revainrating 5 out of 5

Easy and free method to get control back for yourself

I love that it's easy with just one click of my mouse! There are no fees or minimums associated so you have nothing else keeping your account from growing like crazy (which would be awesome). It has helped me save some serious cash over time by investing in real estate as well which was something we didn't really know how much impact this could make until now when our portfolio grew enough where these investments started paying off more than expected!! We've also been able use tools such us…

Pros
  • Ability to set up automated monthly contributions
  • Ease of navigation for clients, investors & team members alike across multiple platforms.
  • Able integrate other financial products seamlessly while still complying wth regulations including FAFSA
Cons
  • Almost never

Revainrating 4 out of 5

Great hybrid investment account for long term goals

I like that you are investing in more than just index funds; it's nice being able see your asset allocation changing over time as well! There should be ways of getting better insights into our portfolio without actually having access at any given moment (ease/convenience). That said - not too much has changed since my last post so perhaps they have made things easier? It used feel cumbersome back then but maybe now its less confusing or even self service if thats what we need haha good luck…

Pros
  • Easy to use, user friendly
  • Can create an account very quickly.
  • The ability for instant deposits is really cool when working from home :)
Cons
  • No options around tax implications
  • Not clear how assets get reallocated
  • This probably does come down mostly due do lack information about taxes though