Betterment vs MaxiFi
Betterment
betterment.com
MaxiFi
maxifi.comSide by side
| Figure | Betterment | MaxiFi |
|---|---|---|
| Price from | $0.05/mo | $12.42/mo |
| Free plan | Yes | — |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | — | Yes |
| macOS | — | Yes |
| Linux | — | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| Plans published | 5 | 2 |
| Spec score · Financial Planning Software | 9.3 (#1) | 8.9 (#4) |
| Founded | 2008 | 1993 |
| Headquarters | Betterment's corporate office is at 450 West 33rd Street, Floor 11, New York, NY 10001. | Providence, Rhode Island, United States |
| Rating on Capterra | 4.2 out of 5 from 5 reviews | No active MaxiFi listing was found, so no rating or review count is available. |
| Rating on G2 | 4.4 out of 5 from 64 reviews | No MaxiFi product listing was found, so no rating or review count is available. |
| Rating on Trustpilot | 1.3 out of 5 from 82 reviews | No accessible MaxiFi review data was found, so no rating or review count is available. |
| Rating on TrustRadius | No overall score out of 5 from 4 reviews | No MaxiFi product page was found, so no rating or review count is available. |
| Security controls | Betterment states that it uses two-factor authentication, encryption in transit and at rest, TLS and a dedicated security team. | The company states that it uses AES-256 encryption at rest, TLS 1.2 or 1.3 in transit, mandatory two-factor authentication, daily backups, monthly vulnerability scans and annual penetration testing. |
| What it does | Betterment provides automated investing, cash management, goal setting and retirement planning for U.S. customers. | MaxiFi builds economics-based lifetime financial plans that calculate affordable spending from income, assets, taxes, Social Security and other household data. |
Plans
Betterment
- Cash ReserveFree
- Premium$0.65 a year
- Premium$0.65 a year
- Digital$5 a month
- Digital$5 a month
In their own words
Betterment
Betterment has no write-up on Specifiction yet; its figures are above.
MaxiFi
MaxiFi builds a lifetime financial plan and estimates sustainable annual spending using income, assets, taxes, Social Security and other inputs. You can revise the plan to compare choices such as changing jobs, buying a home or retiring early. It models federal, state, FICA and IRMAA taxes, Social Security benefits and Medicare Part B premiums. Paid optimizers cover Roth conversions, Social Security filing and retirement withdrawals. Living Standard Monte Carlo compares how investment strategies and spending behavior affect discretionary spending; the software also estimates life insurance needs using contingency plans. Annual reports can be exported as PDF or Excel files, and plans can be shared with an advisor who has a MaxiFi PRO subscription. MaxiFi is available on Android, iOS, Linux, macOS, web and Windows. It offers a 14-day trial with limited features and comparison of three alternate scenarios. The Unlocked plan is listed at $149 a year. Support is through online tickets; phone support is not included.