One note for those who pick the emergency fund option: You may end up in a portfolio (made up of 15% stocks/85% bonds) that’s a bit too risky for your blood. This isn’t an optimal approach, in our opinion, as you can get all the diversification you need with just three or four ultra-low-cost ETFs. We would note that your portfolio will include around a dozen ETFs, some of which may charge high fees. Savers with higher balances looking for more advanced services can take advantage of Betterment Premium, which comes with access to live financial advisors.Ĭreate an account, pick your goals and enter a few personal details, and Betterment places you in a risk-appropriate portfolio of exchange-traded funds ( ETFs). The basic Betterment Digital service tier charges a competitive annual fee equal to 0.25% of your balance, and there’s no minimum balance requirement. After more than a decade in the business, we believe that no other platform offers as much value to its customers as Betterment.īetterment scored highly across all categories. Betterment, a Forbes Advisor partner, is one of the pioneers of the robo-advisor approach to investing.
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