Betterment Vs. Vanguard Vs. Wealthsimple Comparison

Betterment is the leader for retirement planning tools.

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Betterment vs. Vanguard vs. Wealthsimple—Security and Customer Service

All three robo-advisors use high-level security to protect you and your investments.

Clients can also expect good customer service hours from all three robo-advisors, which is a necessity in today’s busy world. Betterment takes the lead in this category, though, for their weekend availability.

  • Wealthsimple: Phone help Monday-Thursday 9:00am-8:00pm and Friday 9:00am-5:30pm EST; Email available 24/7.
  • Betterment: Phone help Monday-Friday 9:00am-6:00pm, Saturday and Sunday 11:00am-6:00 pm EST; Email available 24/7.
  • Vanguard: Phone help Monday-Friday 8:00am-8:00pm EST.

Wealthsimple vs. Betterment vs. Vanguard—Which is Best? The Takeaway

On the most basic level, all three robo-advisors offer high-quality services, including access to human financial planners, tax-loss harvesting, and specialty investment options, such as Halal, socially-responsible, smart-beta, and actively managed investments.

For new and intermediate investors, seeking a comprehensive robo-advisor with cash management, diversified investments, and socially-responsible portfolios, Betterment is our pick.

For six- to seven-figure investors, seeking to use a robo-advisor with access to a suite of other financial services, like those offered at Vanguard, the Vanguard Personal Advisor is a solid choice. Although, investors need a minimum of $50,000 to start investing with Vanguard. That being said, investors who have over $25 million in assets will pay a miniscule amount in fees.

Betterment Premium and Wealthsimple Black are closely matched in terms of fees and minimum investment amounts, though investors who choose Betterment will see reduced fees for accounts valued over $2 million. Wealthsimple Black clients, receive airport VIP lounge access, for frequent travelers.

For best all-around robo-advisor Betterment is a solid choice for any investor. With no minimum investment required and some of the lowest fees on the market, Betterment offers an easy entry point into investing for all. They also reward larger investors with reduced account management fees. The fees won’t drop quite as low as Vanguard’s, but when combined with the advanced services Betterment is one of our favorite robo-advisors.

Featured image credit; Photo by Marvin Meyer on Unsplash

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Disclosure: I have an account with Betterment.

Disclaimer: I am a former portfolio manager, former university finance instructor, and successful investor committed to sharing my personal finance ...

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