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Written by Cari Scribner on January 10, 2021
Category: 
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Betterment Free Management Promo 2021: Up To 1 Year Free!

If you’re a newcomer to online investing, you may be understandably looking for advice. But financial consultations come at a cost, and fees can be notoriously high.

Now is your chance to get up to 12 months of personalized financial management from the Betterment investing platform, but there’s a minimum account investment of $15,000 for the promotion.

If you are planning on rolling over a larger account, this could be a great promotion for you.

How The Betterment Free Promotion Works

In order to qualify for this promotion, you will need to open a new Betterment account and deposit at least $15,000. Another requirement is that you must make the deposit within 45 days of setting up your Betterment account.

How many free months of advice Betterment will give you depends on how much you deposit.

Here's a breakdown:

  • Deposit $15,000 to $99,999 and get 1 month free advisement
  • If you deposit $100,000 to $249,000, you will get 6 months free
  • Deposit $250,000 and up and get 12 months free

Betterment normally charges an annual asset management fee ranging from 0.25% to 0.40% depending on what plan you choose.

What Is Betterment?

Want to find the best robo-advisor for you?

We put together a free comparison table that analyzes all of the top robo-advisors available today. This guide will help you compare the features and benefits of each side by side.
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Betterment is a popular robo-adviser offering automated and goal-inspired investments for people who may lack extensive experience or knowledge about online investing.

The platform is known as a “set it and forget it” investing platform. You start out by setting your goals – such as saving for a new home or vehicle – then Betterment will create a personalized investment plan to help you reach these goals over time.

Betterment has a no-fee checking account, high-yield savings, goal-specific portfolios, and automated retirement savings.

Betterment lets people invest passive index-tracking equity and fixed-income ETFs portfolios. They can also open tax advantaged savings accounts like traditional and Roth IRAs.

How successful is the platform? In the 10 years since it was launched, it now has more than 500,000 customers and manages over $21 billion in investments.

Account Types

The Betterment Digital plan has no minimum account value requirements, and carries a 0.25% annual fee.

betterment home reno

Here’s what digital customers receive:

  • Limited personalized financial advice when you open your account
  • Low-cost, globally diversified investment portfolios letting you invest in funds chosen to help maximize your money at various levels of risk
  • Automatic rebalancing to maintain your target allocation when the market causes it to shift
  • Advanced tax-saving strategies with automatic tax loss harvesting and asset location to increase your after-tax returns
  • Everything in one place
  • Reliable customer service

The Betterment Premium plan carries a $100,000 account minimum and an annual advisement fee of 0.40%.

This plan offers:

  • Everything listed in the digital plan, plus unlimited access to professionals for guidance on life events

These life events may include:

  • Getting married? Make sure your goals are aligned, decide how to combine your money, set financial boundaries, and decide how to allocate your money.
  • Having a baby? Save for college, prioritize family goals, select life insurance, and discuss your estate plan.
  • Retiring? Plan for your transition from saving to spending, and create a tax-smart withdrawal strategy.

For both the digital and the premium plans, Betterment will not charge you any additional trading fees for transactions like buying and selling securities.

Also, they won’t charge any additional transfer fees for depositing or withdrawing from your account.

Which robo-advisor is the best for you?

Answer a few quick questions and we'll recommend the best advisor for you, based on our objective analysis.

So-Fi Automated Investing

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Management Fees $0

Account Minimum $0

Best For: low account balances, beginner investors

M1 Finance

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Fees: $0

Account Minimum: $100/$500

Best For: beginner investors, pre-built portfolios

So-Fi Automated Investing

Read Full Review

Open Account

Management Fees $0

Account Minimum $0

Best For: low account balances, beginner investors

M1 Finance

Read Full Review

Open Account

Fees: $0

Account Minimum: $100/$500

Best For: beginner investors, pre-built portfolios

So-Fi Automated Investing

Read Full Review

Open Account

Management Fees $0

Account Minimum $0

Best For: low account balances, beginner investors

M1 Finance

Read Full Review

Open Account

Fees: $0

Account Minimum: $100/$500

Best For: beginner investors, pre-built portfolios

So-Fi Automated Investing

Read Full Review

Open Account

Management Fees $0

Account Minimum $0

Best For: low account balances, beginner investors

M1 Finance

Read Full Review

Open Account

Fees: $0

Account Minimum: $100/$500

Best For: beginner investors, pre-built portfolios

Personal Capital

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Open Account

Fees: 0.49% to 0.89%

Account Minimum: $100,000

Best For: Access to human advisors, larger account balances

Betterment

Read Full Review

Open Account

Fees: 0.25% to 0.40%

Account Minimum: $0

Best For: Full investment automation, access to human advisors

Personal Capital

Read Full Review

Open Account

Fees: 0.49% to 0.89%

Account Minimum: $100,000

Best For: Access to human advisors, larger account balances

Betterment

Read Full Review

Open Account

Fees: 0.25% to 0.40%

Account Minimum: $0

Best For: Full investment automation, access to human advisors

Personal Capital

Read Full Review

Open Account

Fees: 0.49% to 0.89%

Account Minimum: $100,000

Best For: Access to human advisors, larger account balances

Betterment

Read Full Review

Open Account

Fees: 0.25% to 0.40%

Account Minimum: $0

Best For: Full investment automation, access to human advisors

Final Thoughts

This is a good incentive to sign up with Betterment if you have the minimum $15,000 to deposit.

When you are setting up your portfolio, you can take advantage of the 1-month’s worth of personalized advice. If you are playing in the big leagues and have significantly more money to invest, you will benefit from up to one year of financial planners catering to your needs.

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Betterment Free Promotion 2020: Up To 1 Year Managed Free!
Article written by Cari Scribner
Cari Scribner is a career journalist with 20 year’s experience writing for newspapers and magazines. Now a freelance writer, she is also a published fiction writer with more than 15 short stories in literary mags. She recently completed a novel that is on the desk for consideration at two publishing houses. She lives with her two small dogs, Miloh and Lucy, in Upstate NY.

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