| Website |
https://www.acorns.com |
https://www.betterment.com/ |
| Pros |
- Easy to use - Acorns app focuses on the simple user interface.
- Free trades
- Round Up and Invest - With an Acorns debit card, you choose to have transactions rounded up and the difference invested.
- Invests in low-fee, diversified index funds.
- Automated investing approach makes it easy to contribute.
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- Super-easy to setup and invest
- Lower fees (0.25%) than a traditional advisor (1%)
- Automatic rebalancing
- Tax-loss harvesting for taxable accounts
- Cash reserve account offers a competitive APY
- Joint and single accounts
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| Cons |
- Monthly fees range from $1 to $5 a month.
- Retirement accounts require a $3/month fee.
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- No direct indexing of stocks
- Tax-loss harvesting’s benefits may be overstatated
- No real estate exposure
- Fees (0.25%) are higher than self-managed accounts
- Doesn’t take into account investments on other platforms
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| Promotions |
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- Up to 1 year with no advisor fee (up to $100,000)
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| Fees |
- $1/month - Lite Plan (Investment account)
- $3/month - Personal Plan (Investment account, retirement account & checking account)
- $5/month - Family Plan (All of the above + kids and advice)
- Additional expenses are in the form of the expense ratio for your chosen investments.
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- Avg yearly expenses: 0.36%
- 0.25% yearly advisor fee for all assets under management
- 0.40% yearly advisor fee for Premium Investing
- 0.15% advisor fees for assets above $2 million
- 0.07% to 0.15% expense ratios for funds (avg 0.11%)
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