Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.
Personal Capital vs. Betterment
One offers free financial tools — but its wealth management service has a high minimum.
Both platforms help investors manage their finances, but the services they offer vary. The best platform for your portfolio depends on whether you’re seeking a robo-advisor or full-fledged wealth management services.
Which one is better?
- Choose Personal Capital if you’re seeking free financial tools or wealth management services.
- Choose Betterment if you want to use a robo-advisor.
Personal Capital offers a unique triad of financial services: a collection of financial tools, an online savings account and wealth management services. The financial tools are free, but before you can access the platform’s algorithm- and adviser-driven wealth management, you’ll need a portfolio of at least $100,000. The savings account has no deposit requirements or monthly fees, but its 0.05% APY is not competitive.
Betterment is a robo-advisor with no minimums and a 0.25% annual management fee. It’s equipped with automated portfolio rebalancing, tax-loss harvesting and provides customer support seven days a week. It also offers a premium service with access to financial advisers — but like Personal Capital, it’s only open to clients with at least $100,000 to invest.
How do Personal Capital and Betterment compare?
|Overview||Wealth management firm Personal Capital offers a collection of services designed to help you manage and grow your money. Personal Capital service offerings make it a practical choice for hands-off investors, budget-conscious investors and savers.||Betterment is an online financial advisor that makes investing easy by creating a portfolio just for you, based on your preferences and financial goals. It’s a solid choice for those new to investing.|
|Minimum deposit to open||$100,000||$0|
|Tools and research|
|Reputation and customer reviews|
|Apple App Store reviews|
|Google Play Store reviews|
Both of these investment platforms can help you analyze your finances and manage your investments. But the only way to access either platform’s advisers is with a portfolio of at least $100,000.
Not sure that either platform is the right fit? Compare your options across multiple platforms to find the account that fits your investment goals.
Frequently asked questions
Ask an Expert