What's the best robo-adviser?

Investment robo-adviser. Automated portfolio management using software.

Zack MillerHost of fintech podcast, Tearsheet.co · Edited 7d ago

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2 recommended

Betterment

We manage your investments so you don't have to.

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Mike CoutermarshCode @ Product Hunt · Written 7d ago

Personally, I've been using Betterment since they were in beta. It's so good I've never had a reason to look elsewhere. I also appreciate that it consistently has been getting better. I auto deposit and don't really think about it. Wealthfront seems great too. I'm not sure that there are really any differentiating features between the two of them. I'll probably try it as well eventually. But no reason to yet.

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Graham Campbell↗ new ventures, faster · Written 7d ago

I would also recommend Betterment. However, I would qualify that by saying that it's very difficult to rank robo-advisers (or more specifically, tech-enabled actively-managed, investment funds that charge a management fee) at this point in the game on the measure of the quality of financial returns - simply because these apps have not been on the market long enough to generate sufficient long-term return data required to evaluate their effectiveness at generating long-term capital gains (their intended value proposition). That said, the functionality, user experience & design of Betterment is pretty stellar. He… See more

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Wealthfront

Automated, low cost investment service

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Kunal BhatiaCo-founder & Design Lead @SlidesUp · Written 7d ago

I use both Betterment and Wealthfront because I wanted to try them out. Initially, Betterment had the better interface. However, Wealthfront has been catching up. With the recent addition of Path by Wealthfront, you can now see they're catching up with interactive tools to visualize your financial health. Anecdotally, my Betterment portfolio has consistently beaten my Wealthfront portfolio by 2% overall. Both are set up similarly (Risk 9.0 on Wealthfront, and 90/10 for Betterment).

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