Robo-Advisor Investment Plans Review 2022

In the early ’80s and ’90s, they were only a few investment platforms where you could grow your money. Nowadays, there are various investment platforms available and the Robo-advisor investment plans are among the most lucrative ones in 2022. The Robo-advisor industry is an industry that gives users trading robots that help to advise on trading and assist in investment portfolio management.

This article compares the three popular investment plans in the Robo-advisor industry namely Betterment, Wealthfront, and Acorns. So if you have been wondering what investment plan to put your money into, then this article comes in handy in helping you with this.

Betterment vs Wealthfront vs Acorns: The 3 Best Robo-Advisor Investment Plans to Consider in 2022

1.  Betterment

Betterment is one of the popular Robo-advisor investment plans in 2022. The platform was founded in 2008 by Jon Stein and Eli Broverman. They offer a goal-oriented investment plan and has more than $14 billion in assets under its management. Betterment has remained in existence because they provide a service that shows that they have its user’s interest at heart.

1. Access to Human Advisors: Betterment is a robotic app that also provides access to a human advisor who will lecture you on how to go about your investments. To have access to this, however, you must have a minimum of $100,000 in your trading wallet.
2. Two-Way Sweep: To keep a close watch on your money and its allocations, Betterment ensures that your money does not go below a specified amount. However, should this happen, it has a way to equalize things.
3. Betterment Fees: Betterment fees are in 2 categories: Premium plan and Digital plan respectively. On the premium plan, you are expected to have a minimum of $100,000 while on the digital plan you don’t need to have a minimum balance in your account to manage your investment. Here, any amount goes.

2. Wealthfront

Wealthfront is one of the most promising Robo-advisor investment plans and has over $11 billion of assets under its management. The company attracts diverse types of investors.

Features of Wealthfront:

1. Passive Plus: This feature comes in handy in the reduction of taxes. However, to use this, you must have between $100,000 and $500,000 in your account.
2. Portfolio Line of Credit: This feature allows you to borrow from the system.
3. Wealthfront Fees: They only require 0.25% of your assets for you to become an investor.

Acorns Investment Plan

Acorns serve as both a Robo-advisor and a savings tool. It is also one of the top Robo-advisor investment plans in 2022 and has over $15 billion under its management.

Features of Acorns

1. Found Money: When you shop on any of the Acorns 350 partner companies, you earn extra bucks in your investment account. The amount of money earned differs for each company. This gives Acrons an edge over Betterment and Wealthfront.
2. Round-Ups:  Regardless of whatever type of account you run, you can easily link your credit card, debit card, your bank account with Acorns.
3. Acorns Fees: They have 3 levels in the system ranging from $1 to $3 monthly.

Conclusion

Before choosing any of the Robo-advisor investment plans (Betterment vs Wealthfront vs Acorns) you must have a prior idea of why and what you want to invest in. You should know that in investing, how much you have to invest and how well you can manage your investment are important factors in helping you maximize profits or have good returns on your investment. Each Robo-advisor plan offers you a unique and distinct service of overseeing and managing your investments for profit. So, choose wisely.