If youвЂ™re just starting out in your career or youвЂ™re looking for a simple tool without a ton of bells and whistles, you should consider Vanguard Digital Advisor. If you prefer the lower 0.25% fee, you can opt to remain on the Betterment Digital service tier with balances over $100,000. Once you have $100,000 in your account, youвЂ™ll qualify for the Betterment Premium tier of service, which comes with unlimited consultations with Betterment financial planning professionals and a higher annual fee of 0.40%. In addition to a standard taxable account option, long-term savers should check out BettermentвЂ™s retirement accounts, including a traditional individual retirement account (IRA) choice, a Roth IRA and a SEP IRA option for small business owners. The platform provides automatic tax-loss harvestingВ as well as a tax-coordinated portfolio option that structures your stock and bond allocation to optimize your tax treatment. Should you need the money after a layoff following an economic downturn, chances are youвЂ™ll be selling low.Д«etterment offers alternative portfolios to choose from, too, including one focused on environmental, social and governance ( ESG) factors. One note for those who pick the emergency fund option: You may end up in a portfolio (made up of 15% stocks/85% bonds) thatвЂ™s a bit too risky for your blood. This isnвЂ™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.Д¬reate 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 thereвЂ™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.Д«etterment scored highly across all categories. Betterment is one of the pioneers of the robo-advisor approach to investing.

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