Betterment vs WealthSimple

Betterment is a great robo-advisor for beginners with low fees, good tools, and tax strategies. How does it compare to WealthSimple? 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 WealthSimple offers auto-investing with support from real advisors, including a free portfolio review of all your finances. However, fees are higher at 0.5% for accounts $100k and less (and 0.4% for accounts over $100k). It also stands out by offering socially responsible and Halal investment options. There is no minimum to open an account.

Compare Betterment with WealthSimple, side-by-side.

	BettermentAcornsRobinhood
	Learn More	Learn More
	Betterment	WealthSimple
	SPECIAL OFFER Compare Pricing - Learn More Read Betterment Review	SPECIAL OFFER Wealthsimple Cash Account - Learn More
	Benefits and Features
Savings	Betterment Cash Reserve - Earn 4.00% APY**
Annual Fee	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	0.5% for accounts up to $100k; 0.4% for accounts over $100k
Minimum Deposit	$0	$0
Checking	No-Fee Checking
Phone Support	Yes	Yes - M-Th 9a-8p ET; Fri 9a-5:30p ET
Live Chat Support	No	No
Email Support	Yes	Yes
Human Advisors	Yes ($100k minimum)	Yes
Robo Advisor	Yes
Assets Under Management	$50+ Billion	$2 Billion
Minimum Investment	$0
Tax Loss Harvesting	Yes	Available for accounts over $100,000
Goal Tracker	Yes	No
Automatic Deposits	Yes	Yes
Online Platform	Yes	Yes
iPhone App	Yes	Yes
Android App	Yes	Yes
Banking	Offers checking account with a free debit card, and a high-yield cash account
Mobile App	iOS & Android
Single Stock Diversification	No
Fractional Shares	Yes	Yes
Taxable Accounts	Yes	Yes
401k Plans	Yes	No
IRA Accounts	Yes	Yes
Roth IRA Accounts	Yes	Yes
SEP IRA Accounts	Yes	Yes
Trust Accounts	Yes	Yes
529 Plans	No	No
	CreditDonkey® Reviews
Annual Fee
Minimum Deposit
Human Advisors
Customer Service
Pros & Cons	Pros: No minimum investment Customized portfolios Automatically invest extra funds Cons: Limited investment options High fees for large investors
Bottom Line	Great robo-advisor for beginners with low fees, good tools, and tax strategies... Read full review
	Compare Pricing Betterment Cash Reserve - Earn 4.00% APY** Invest with Automated Portfolios	Wealthsimple Cash Account
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 01/12/2025

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Betterment or Acorns.

Articles on Betterment

Betterment Reviews

Betterment offers low fees and good returns. But there are risks you should NOT ignore. Read this review to see if Betterment is better.

• Betterment vs Acorns
• Betterment vs Robinhood

Is Betterment Worth The Fee

Betterment will manage your investments, but they charge a fee. Is Betterment worth the fee? Read on to answer all your questions.

Betterment Roth IRA

Is Betterment a good way to invest for retirement? What about the fees and withdrawals? Read on to learn how Betterment's Roth IRA account works.

Betterment vs Wealthfront

Betterment and Wealthfront are two of the oldest and most popular robo-advisors. Is there a difference? Which is better for you? Read on to find out.

Which Do You Think is Best?

Compare WealthSimple to:

You might also be interested in

Related: Investing

Is Robinhood Gold Worth It

Robinhood Gold's premium features can help you make the most of your money, but is it really time to upgrade? Read on to find out.