Question on Betterment Fee Structure

[Monark]

This is very basic, I know, but I'm not sure of the answer and it's bugging me...

Betterment says they have 3 basic pricing tiers

<$10K = 0.35%
$10k - $100k = 0.25%
$100k+ = 0.15%

So if you are in the top tier of Betterment with fee of 0.15%, does your entire balance get the 0.15% or just the money in excess of $100k?

Thanks!

[BEN_BANNED]

Just go with WiseBanyan.

It's the same concept as Betterment without the account management fees.

[GGNoob]

So if you are in the top tier of Betterment with fee of 0.15%, does your entire balance get the 0.15% or just the money in excess of $100k?

Entire balance gets the 0.15% fee.

[J]

Just go with WiseBanyan.

It's the same concept as Betterment without the account management fees.

They have to make money somehow, and I don't trust services that don't make it clear up front how they make their money.  They're likely hiding their management fees in reduced returns.

Also, I don't see anything saying they do tax loss harvesting, which Betterment mentions as a primary feature.

[BEN_BANNED]

Just go with WiseBanyan.

It's the same concept as Betterment without the account management fees.

They have to make money somehow, and I don't trust services that don't make it clear up front how they make their money.  They're likely hiding their management fees in reduced returns.

Also, I don't see anything saying they do tax loss harvesting, which Betterment mentions as a primary feature.

WiseBanyan is being funded entirely from the founders own pockets unlike Betterment which is being funded with millions of dollars in V.C. cash.

Who do think is more likely to take a bigger bite out of your investment returns?

A tax loss harvesting feature will be implemented in the very near future.

[tj]

WiseBanyan is funded by the users who pay for the financial planning feature. I don't think it's sustainable, but I don't think Betterment is either.

[BEN_BANNED]

WiseBanyan is also not open for signups. I submitted my email on August 14, 2014, and still haven't been offered to open an account.

Try this referral. (not mine)

https://www.wisebanyan.com/referral/UZpMOSQeb