Betterment vs M1 Finance
Betterment is a great robo-advisor for beginners with low fees, good tools, and tax strategies. How does it compare to M1 Finance? Read our comparison chart below.
Betterment offers automatic investing starting at $4/month for accounts with less than $20,000. There is no fee to open an account and no minimum deposit required. All balances get automatic rebalancing, tax loss harvesting, and access to financial experts.
While M1 Finance offers automated investing with no commissions or trading fees. M1 lets you select your own investments and their automation will manage it for you. This is great for investors who want a say. The downside is that there are no human advisors. The minimum to start is just $100.
Compare Betterment with M1 Finance, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Betterment | M1 Finance | |
---|---|---|
Compare Pricing - | Commission Free Stock Trading - | |
Benefits and Features | ||
Savings |
| |
Stock Trading | ||
Options Trading | ||
Annual Fee |
| A $3 monthly platform fee will apply to clients with less than $10,000 in M1 assets or without an active M1 Personal Loan. |
Cryptocurrency Trading | ||
Minimum Deposit | $100 ($500 for IRAs, $5,000 for Trust Account) | |
Checking | ||
Mutual Fund Trading | ||
Commission Free ETFs | All U.S. listed ETFs | |
Phone Support | Monday - Friday 9:30 am to 4 pm EST | |
Live Chat Support | ||
Email Support | ||
Human Advisors | ||
Robo Advisor | ||
Assets Under Management | ||
Minimum Investment | ||
Tax Loss Harvesting | No, but offers tax minimization features | |
Goal Tracker | ||
Automatic Deposits | ||
Broker Assisted Trades | ||
Good For | DIY investing with passive portfolio management | |
Inactivity Fee | $50 (for accounts with $50 or less and no trading or deposit activity for 90+ days) | |
Maintenance Fee | $3 monthly platform fee for accounts with less than $10,000 in M1 assets, or without an active M1 Personal Loan | |
Online Platform | ||
iPhone App | ||
Android App | ||
Banking | Offers checking account with a free debit card, and a high-yield cash account | |
Mobile App | ||
Two-Factor Authentication | ||
Locations | ||
Online Community | ||
Seminars | ||
Virtual Trading | ||
Single Stock Diversification | ||
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
Annual Fee | ||
Minimum Deposit | ||
Human Advisors | ||
Customer Service | ||
Mobile App | ||
Ease of Use | ||
Research | ||
Pros & Cons | Pros:
| Pros:
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Bottom Line | Great robo-advisor for beginners with low fees, good tools, and tax strategies... | Commission-free investing app that allows you to choose your own investments... |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Betterment: Pricing information from published website as of 04/04/2018 M1 Finance: Pricing information from published website as of 12/26/2023. |
Which is Better: Betterment or M1 Finance?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Betterment or Acorns.