Which Is Right for You?

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On April 26, 2022, Constancy Investments grew to become the primary retirement plan supplier to supply 401(okay) buyers entry to Bitcoin (BTC). The brand new function might be obtainable to employers who administer their retirement accounts by way of Constancy by the center of 2022.


On February 8, 2022, Betterment introduced that it’s buying crypto supervisor Makara. Because of the acquisition, Betterment now offers retail buyers and advisors the power to spend money on diversified crypto portfolios alongside their current investments.

Betterment vs. Constancy Go: Who They’re Greatest For

Innovation has sparked the fast rise of the digital funding administration house and led to fierce competitors within the business. Betterment launched in 2008 as one of many early business challengers, not too long ago increasing into crypto with the acquisition of Makara in 2022. Constancy was based in 1946 and is without doubt one of the high brokerage establishments in the present day, leveraging huge sources when beginning their digital funding advisory service, Constancy Go, in 2016. 

Betterment and Constancy Go have totally different origins, however they share the same purpose making it simpler to handle your portfolio, monitor your monetary scenario, and preserve prices low. We’ll discover the nuances of each choices so you’ll be able to determine which platform is the very best on your monetary journey.

  • Account Minimal: $0, $10 to get began
  • Charges: 0.25% (annual) for digital plan, 0.40% (annual) for the premium plan 
  • Betterment is our greatest robo-advisor for inexperienced persons and finest for money administration
  • Easy signup course of and intuitive web site design helps you to navigate seamlessly
  • Exterior account linking is on the market for evaluation of your monetary image
  • Robust planning instruments for a number of targets corresponding to a house buy or retirement
  • Premium tier gives entry to human monetary advisor
  • Constancy Go’s all-digital platform is nice for hands-off buyers and present Constancy customers 
  • Buyers eager to develop market experience have entry to an enormous instructional catalog
  • Easy purpose setting choices, monetary calculators, and portfolio technique
  • Clear, low payment, with no value for first $10,000 and aggressive pricing thereafter

Account Setup

Betterment’s signup course of is consumer pleasant and centered on a streamlined onboarding expertise. You’ll be prompted to enter targets, share funding expertise, and confirm private info so your portfolio finest aligns to your scenario. Every account you arrange can have a unique purpose and funding allocation to make sure the portfolio is property tailor-made to you. The funding technique usually follows a passive method primarily based on trendy portfolio concept (MPT) that’s invested by way of exchange-traded funds (ETFs). Buyers on the lookout for additional steering have entry to a human monetary planner through individually bought packages or on the premier tier as soon as $100,000 is invested.

Constancy Go additionally has an easy onboarding journey. The expertise is designed to evaluate your background primarily based in your timeline, threat tolerance, and private knowledge so a portfolio could be assigned. You may alter the steered portfolio’s threat degree as effectively if desired. The funding technique additionally follows trendy portfolio concept with the underlying property being invested in an assortment of no-cost Constancy Flex mutual funds. You may view estimates in your capacity to achieve your targets primarily based on the offered knowledge, present steadiness, and ongoing contributions. Further steering depends on instructional content material as no human monetary advisors are provided.

The account setup at each Betterment and Constancy Go is quick, easy, and fully on-line, so there was no clear winner on this class. 

Objective Planning

Betterment supplies a variety of goal-setting selections that embody retirement, schooling, main buy, security web, and normal investing. These targets are paired with a powerful number of instruments and calculators that allow you to higher assess the chance of reaching your monetary vacation spot. An exterior account-syncing function helps you to get a extra complete view of your general progress and make changes as wanted. Useful prompts additional add to planning expertise corresponding to suggesting extra deposits when you fall behind your purpose.

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Each Constancy Go account is related to a single purpose, however you’ve got the choice to open a number of accounts that every have separate targets and funding threat ranges. Objective setting is restricted to retirement or, extra usually, “one thing else.” Instruments can be found to assist calculate whether or not you’re on monitor and incorporate your steadiness, upcoming deposits, and quite a lot of market circumstances. Constancy will counsel methods to extend the chance of reaching your targets if you’re off-course. Different Constancy accounts could be seen collectively so you will get a greater general sense of your monetary image, however exterior accounts past these can’t be linked.

In terms of purpose planning, we give Betterment the sting over Constancy Go for its extra complete method that takes exterior accounts into consideration. 

Account Sorts

Constancy Go and Betterment every help the most well-liked account varieties throughout taxable and retirement accounts. Nevertheless, Betterment supplies a greater diversity of account varieties by providing help for different choices corresponding to simplified worker pension (SEP) particular person retirement accounts (IRAs) and belief accounts.

Betterment account varieties:

  • Particular person taxable accounts
  • Joint taxable accounts
  • Conventional IRA 
  • Roth IRA 
  • SEP IRA (for the self-employed and small companies)
  • Rollover IRA
  • Belief accounts
  • Excessive-interest Money Reserve accounts

FidelityGo account varieties:

  • Particular person taxable accounts
  • Joint taxable accounts
  • Conventional IRA accounts
  • Roth IRA accounts
  • Rollover IRA

Money Reserve is just obtainable to shoppers of Betterment LLC, which isn’t a financial institution, and money transfers to program banks are carried out by way of the shoppers’ brokerage accounts at Betterment Securities.

Account Providers

Betterment makes transferring cash a seamless expertise, as deposits and withdrawals could be arrange by merely linking a checking account to the platform. These are transacted with no payment. Transfers of different funding accounts could be initiated as effectively. Betterment not too long ago expanded into the crypto house by saying the acquisition of crypto supervisor Makara on February 8, 2022. This offers you the power to spend money on crypto alongside an current ETF portfolio. Whereas this growth will increase Betterment’s attain, margin accounts and lending companies aren’t supported. 

You’ll discover a equally intuitive deposit and withdrawal move utilizing Constancy Go, with the additional benefit of a decision-making function that helps decide tips on how to unfold deposits amongst varied accounts if in case you have a number of targets. Since Constancy Go’s providing is designed to give attention to the portfolio administration answer, you gained’t discover mortgage, margin, spend, credit score, and banking choices. 

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Money Administration

Betterment gives a checking account and a money reserve account as part of their money administration choices. This offers you precious instruments to assist additional handle your cash. It’s value noting that Betterment gained our Greatest for Money Administration award, making it a better choice when you’re seeking to consolidate all of your funds in a single place.

Constancy Go takes a extra slim method to money administration by specializing in a sweep account. Uninvested money is swept into the Constancy Authorities Money Reserves fund so you’ll be able to earn a bit increased return in comparison with conventional financial institution accounts.

Money Reserve is just obtainable to shoppers of Betterment LLC, which isn’t a financial institution, and money transfers to program banks are carried out by way of the shoppers’ brokerage accounts at Betterment Securities.

Checking accounts and the Betterment Visa Debit Card offered and issued by nbkc financial institution, Member FDIC. Checking made obtainable by way of Betterment Monetary LLC. Neither Betterment Monetary LLC, nor any of their associates, is a financial institution. Betterment Monetary LLC reimburses ATM charges and the Visa® 1% overseas transaction payment worldwide, in all places Visa is accepted.

Portfolio Building

Each platforms handle the funding administration so that you don’t must do it your self, however there are some nuances to the underlying methods and fund picks. Betterment makes use of ETFs completely (with a crypto opt-in) to construct portfolios that fall into a number of subcategories which embody:

  • Core Portfolio with commonplace diversification and weightings 
  • Socially Accountable allocations that rating extremely for environmental and social points
  • Goldman Sachs Sensible Beta which makes an attempt to outperform the market
  • Earnings centered portfolio of BlackRock ETFs
  • Versatile Portfolios that embody normal asset courses however weighted to investor choice

Constancy Go portfolios are constructed solely by way of using varied no-fee Constancy Flex mutual funds that may be mixed to make up 14 totally different threat ranges. The funds are passive and diversified by together with bonds, short-term, home, and overseas holdings. Whereas this method retains prices low, utilizing solely proprietary funds is a limiting issue even when the funds themselves carry out as anticipated. Buyers in search of socially accountable choices may even must look elsewhere.

  Betterment Constancy Go 
Particular person Shares No  No
Mutual Funds  No  Sure (Proprietary Solely)
Mounted Earnings  No  No 
REITs  No  No 
Socially Accountable or ESG Choices Sure No 
ETFs  Sure  No 
Non-Proprietary ETFs  Sure  No 
Mutual Funds  No  No 
Foreign exchange  No  No 
Crypto  Sure  No 

Portfolio Customization

Betterment’s Versatile Portfolios offers customers essentially the most management over the funding decisioning. Whereas all Betterment portfolios enable for adjustment in threat ranges, Versatile Portfolios expands on this function by letting buyers select particular quantities to allocate to explicit asset courses. This function could also be finest geared in direction of superior buyers seeking to high-quality tune the portfolio technique. 

Constancy Go helps you to alter your portfolio’s threat degree which is able to reallocate the weightings among the many pre-selected Constancy Flex mutual funds, however past this doesn’t present a deeper degree of customization. This method works effectively for hands-off customers however might depart skilled buyers on the lookout for extra.

Portfolio Administration

Each platforms robotically rebalance your portfolio, though every platform takes a separate method to this technique. Betterment rebalances your allocation when the portfolio drifts past your goal allocation threshold utilizing a number of totally different strategies. For those who hyperlink exterior accounts, you’ll be able to obtain extra suggestions. 

Constancy Go additionally rebalances your portfolio as soon as the allocation drifts past sure thresholds. You may as well hyperlink different Constancy accounts to the platform so that you view these multi functional place. Since Constancy gives a really giant vary of different funding choices not included in Constancy Go’s portfolio, such because the April, 2022 announcement of bitcoin help in 401(okay)’s, this may be particularly useful to concentrate on your general allocation. Nevertheless, Constancy Go doesn’t incorporate these accounts into planning calculations. Neither platform helps you to manually power a rebalance however you’ll be able to change your threat degree at any time. 

Tax-Advantaged Investing

An necessary side of investing in taxable accounts is tax optimization. Betterment gives tax-loss harvesting for customers with taxable accounts. Constancy Go doesn’t provide tax-loss harvesting however does present tax-advantaged funds (i.e. municipal bonds) to scale back your tax burden over time.

Betterment is just not a licensed tax advisor. Tax Loss Harvesting+ (TLH+) is just not appropriate for all buyers. Learn extra at https://www.betterment.com/authorized/tax-loss-harvesting and think about your private circumstances earlier than deciding whether or not to make the most of Betterment’s TLH+ function. Investing entails threat. Efficiency not assured.

Key Portfolio Administration Options

  Betterment Constancy Go 
Automated Rebalancing Every day monitoring, robotically rebalance your portfolio when it drifts past your goal allocation threshold Semi-Yearly or important drifts, and when money threshold exceeds 1% 
Reporting Options  Internet value, purpose progress, funding efficiency, tax  Objective progress, funding efficiency, tax 
Tax-Loss Harvesting  Sure No 
Exterior Account Syncing/Consolidation  Sure – Customers can hyperlink exterior retirement, brokerage, and financial institution accounts. Solely Betterment holdings obtain portfolio changes.  Sure – Solely Constancy Accounts 


Each Constancy and Betterment make safety a precedence and have acceptable protocols in place to safeguard your property and knowledge. Customary Securities Investor Safety Company (SIPC) protection is in place on each platforms for lacking funds, which covers as much as $500K complete worth or $250K money in your account. Knowledge is protected with sturdy encryption, biometric entry, and two-factor authentication. Constancy Go supplies a further Buyer Safety Assure which reimburses you for unauthorized exercise in your accounts. 

Person Expertise


Betterment has constructed a user-friendly desktop expertise by making a complete dashboard that’s simple to navigate. Account particulars, efficiency metrics, targets, and instruments are all obtainable at your fingertips and due to an intuitive web site design. For those who join outdoors accounts to Betterment, you’ll discover it comparatively easy to observe your funds.

Constancy Go customers will discover the desktop expertise is a extra streamlined, simplified model of different Constancy platforms. Instruments, calculators, account administration, and reporting options are easy so you’ll be able to easily monitor your monetary scenario. Customers not accustomed to Constancy’s expertise might discover it takes a little bit of getting used to, however general you’ll have every part wanted to handle your portfolio.

Cellular App 

Betterment scores extremely for his or her cell expertise, rating 4.8 for the iOS model and 4.6 for Android. Typically you’ll discover that the cell app supplies all of the options that you’d anticipate to see on the desktop expertise. Customers preferring to entry their portfolio from the app will particularly discover this welcome information.

Constancy Go has comparable full function performance because the desktop model, additionally scoring extremely on iOS and Android. Nevertheless, the Constancy Go app is constructed into the principle Constancy app, so it could take a bit little bit of getting used to if utilizing a number of Constancy platforms on the similar time.

Buyer Service

Betterment’s customer support group is on the market by telephone and e-mail from 9am to 6pm EST, Monday by way of Friday. Buyers who’re a part of the Premium Investing tier have entry to monetary planners at any time. Customers who buy recommendation packages can even talk with advisors primarily based on the package deal pointers. The FAQ and web site sources are ample for many normal inquiries as effectively.

Constancy Go is primarily a digital expertise and also you’ll discover the obtainable help displays this disposition. The consumer success telephone line, digital assistant, and e-mail is on the market 24/7. Stay chat is accessible between 8am – 6pm EST, Monday by way of Friday. The FAQ web page is comparatively mild and will not handle extra detailed inquiries.

  Betterment Constancy Go 
Cellphone contact obtainable Sure, Monday-Friday 9am – 6pm EST Sure, 24/7
Pre-funding telephone session with licensed advisor  No  No 
On-line chat obtainable  Sure, Chatbot solely  Sure, Stay and Chatbot 
Web site FAQ part  Sure, Primary FAQs  Sure, Primary FAQs 


Charges usually are not the be-all and end-all of evaluating a monetary establishment, however they function a vital factor to make sure you’re getting the worth wanted to realize your targets and monetary outcomes.

Betterment supplies two separate experiences with totally different payment constructions. The Digital Investing plan consists of digital recommendation, tax-loss harvesting, automated rebalancing, and the complete suite of accounts and portfolios for a 0.25% annual payment. The Premium Investing plan is priced at 0.4% yearly and consists of the Digital Investing plan options plus limitless communication with a Licensed Monetary Planner™. Further prices not included in both plan payment is ongoing ETF administration charges, starting from 0.07% – 0.15% yearly. 

Constancy Go makes use of the same share payment pricing construction for accounts $50,000 and over, charging 0.35% yearly. Nevertheless, no charges are incurred for balances lower than $10,000 and accounts between $10,000 and $50,000 have only a $3 month-to-month subscription value. The Constancy Flex mutual funds additionally guarantee you haven’t any extra funding charges.

Class Betterment  Constancy Go 
Administration charges for $5,000 account $12.50 – Digital No Charge
Administration charges for $25,000 account  $62.50 – Digital  Accounts between $10,001 – $49,999 charged $3 month-to-month 
Administration charges for $100,000 account  $400 – Premium  0.35% 
Termination charges  $0  $0 
Expense ratios  0.09% Common  None 
Mutual funds  N/A  None 

Our Take

Betterment and Constancy Go each present sturdy robo-advisor choices that every stand out in their very own method. Deciding between the 2 is dependent upon your targets, funding administration preferences, and want for monetary steering. Betterment shines as a portfolio administration platform given the choice to hyperlink exterior accounts, entry monetary advisors, and supply some portfolio customization outdoors of generic threat degree changes. The purpose planning expertise is excellent as effectively. The current acquisition of Makara additionally lets customers add crypto to their funding technique and the money administration choices topped our greatest in class rankings.

Whereas Constancy Go doesn’t provide these options, hands-off buyers who don’t need human monetary steering might favor Constancy Go’s streamlined give attention to portfolio administration. Constancy keys in on value containment and efficiency, because the Constancy Flex mutual funds that make up the portfolio carry no ongoing charges. This side primarily places the payment construction on par with Betterment’s platform. Current Constancy customers might favor the familiarity of Constancy Go’s web site expertise and tooling as effectively. General, each platforms enable you to higher handle your cash and preserve prices low so you’ll be able to enhance your monetary well-being. 


Our mission at Investopedia is to offer buyers with critiques and scores of robo-advisors which are complete and unbiased. Our group of researchers and professional writers, led by Michael Sacchitello, spent months evaluating all features of a robo-advisor’s platform, together with the account setup course of, purpose planning instruments, account service choices, portfolio building choices, portfolio administration, cell and desktop consumer expertise, instructional content material, charges, and safety. As a part of this analysis, we extract vital knowledge factors which are weighted by our quantitative mannequin that produces a robust star-scoring system.

With the person investor in thoughts, we’ve designed a complete rating methodology to seek out the very best general robo-advisors and the very best robo-advisors throughout 9 key classes. Every advisor is then scored throughout a number of variables to price efficiency in each relevant class. The rating for the general award is a weighted common of the classes.

The above materials and content material shouldn’t be thought of to be a suggestion. Investing in digital property is very speculative and risky, and solely appropriate for buyers who’re in a position to bear the danger of potential loss and expertise sharp drawdowns. Digital property usually are not authorized tender and usually are not backed by the U.S. authorities. Digital property usually are not topic to FDIC insurance coverage or SIPC protections.

Evaluate to Comparable Robo Advisors


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