Worth it to stay with Betterment?

[StacheyNotTrashy]

DW and I have a combined $750k in our own Betterment accounts. I'm 100% stocks and she's 80/20. I've recently been looking at the fees and we are being charged ~$1800/year total in advisor fees for rebalancing and...? The rebalancing really only applies to DW's account since I'm 100% stocks. Is there any reason NOT to transfer both of our Betterment accounts in-kind to Vanguard?

[Dicey]

Nope.

[Dave1442397]

I'm sure your Betterment advisor could think of 1800 reasons, but no, it's time to get out.

[RedmondStash]

If you'd rather not go through the hassle of transferring, is it possible to fire your Betterment advisor and manage the accounts there yourself? I don't know much about Betterment.

FWIW, I've been happy with Vanguard.

[Monocle Money Mouth]

I can't think of any reason to not move to Vanguard. Your portfolios sound pretty simple. If Betterment is just investing in index funds on your behalf, just cut out the middle man and enjoy your extra $1800 a year.

I think brokerage firms try to take advantage of complexity bias. Most people assume a more complicated solution is a better solution. That's not true. You don't need someone or an algorithm constantly pulling levers and turning dials on your portfolio to get the best returns. A lot of people here have become wealthy just throwing money at total stock market, S&P 500, and bond funds at regular intervals and rebalancing without the aid of an advisor.

[StacheyNotTrashy]

Thanks all. That's exactly along the lines of what I was thinking. I'm going to make the move and ditch Betterment!

[Dicey]

Pete had a bunch of money from the sale of a property. He took a fraction of it (his "last $100k"), invested it with Betterment, them wrote a blog post about it. AFAIK, he's hardly mentioned it again. Yet people continue to think Pete has a large chunk of his assets invested with them.

[DaTrill]

Few if any Robo-advisers beat a blind index, so one is just paying for commercials on CNBC/Bloomberg.  Transfer in-kind out of Betterment and avoid Robo-advisers until they have a positive and persistent track record of positive risk adjusted performance.