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SoFi Invest vs Betterment
SoFi Invest is a commission-free stock trading app for beginners new to investing. How does it compare to Betterment? Read our comparison chart below.
Digital: 0.25% annual fee for accounts with $20,000 or more or with monthly recurring deposits of $250 or more, $4/month for accounts with less than $20,000
Premium: 0.65% for accounts $100,000 or more
Minimum Deposit
$0
$0
Checking
No-Fee Checking
Commission Free ETFs
All U.S. listed ETFs
Phone Support
Yes
Live Chat Support
No
Email Support
Yes
Human Advisors
Yes ($100k minimum)
Robo Advisor
Yes
Assets Under Management
$50+ Billion
Minimum Investment
$0
Tax Loss Harvesting
Yes
Goal Tracker
Yes
Automatic Deposits
Yes
Maintenance Fee
$0
Online Platform
Yes
iPhone App
Yes
Android App
Yes
Banking
Offers checking account with a free debit card, and a high-yield cash account
Mobile App
iOS & Android
Customer Service
Monday to Thursday from 5am to 7pm Pacific
Friday to Sunday from 5am to 5pm Pacific
Virtual Trading
No
Single Stock Diversification
No
Fractional Shares
Yes
Taxable Accounts
Yes
401k Plans
Yes
IRA Accounts
Yes
Roth IRA Accounts
Yes
SEP IRA Accounts
Yes
Trust Accounts
Yes
529 Plans
No
CreditDonkey® Reviews
Minimum Deposit
Price
Customer Service
Annual Fee
Human Advisors
Pros & Cons
Pros:
Commission-free trades
$0 account minimum
No management fees
Cons:
No tax loss harvesting
Limited customer service
No options trading, mutual funds, or bonds
Pros:
No minimum investment
Customized portfolios
Automatically invest extra funds
Cons:
Limited investment options
High fees for large investors
Bottom Line
Commission-free stock trading app for beginners new to investing... Read full review
Great robo-advisor for beginners with low fees, good tools, and tax strategies... Read full review
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Betterment: Pricing information from published website as of 04/04/2018
Which is Better: SoFi Invest or Betterment?
In short: Betterment's customer service is noteworthy.