Betterment vs MoneyGuide
Betterment
betterment.com
MoneyGuide
moneyguidepro.comSide by side
| Figure | Betterment | MoneyGuide |
|---|---|---|
| Price from | $0.05/mo | $10.42/mo |
| Free plan | Yes | — |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | — | Yes |
| macOS | — | Yes |
| iOS | Yes | Yes |
| Android | Yes | — |
| API | — | Yes |
| Plans published | 5 | 15 |
| Spec score · Financial Planning Software | 9.3 (#1) | 8.9 (#5) |
| Founded | 2008 | 2000 |
| Headquarters | Betterment's corporate office is at 450 West 33rd Street, Floor 11, New York, NY 10001. | Powhatan, Virginia, United States |
| Public API | An independent API directory reports that Betterment has no public developer API; third-party access generally uses aggregators such as Plaid. | Envestnet APIs expose MoneyGuide goal summaries, expense timelines and success-meter data for enabled firms. |
| Rating on Apple App Store | 4.8 out of 5 from 65K ratings | Envestnet Client View is rated 3.5 out of 5 from 13 ratings. |
| Rating on Capterra | 4.2 out of 5 from 5 reviews | 5.0 out of 5 from 2 reviews. |
| Rating on G2 | 4.4 out of 5 from 64 reviews | 4.0 out of 5 from 23 reviews. |
| Rating on TrustRadius | No overall score out of 5 from 4 reviews | 6.7 out of 10 from 6 reviews and ratings. |
| 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 its Richmond, Virginia data center is annually SSAE-18 SOC 2 Type II audited, uses TLS, firewalls, intrusion detection and encrypted backups. |
| What it does | Betterment provides automated investing, cash management, goal setting and retirement planning for U.S. customers. | MoneyGuide is web-based financial-planning software for advisors using goal-based plans, risk management, asset allocation and lifetime-income analysis. |
Plans
Betterment
- Cash ReserveFree
- Premium$0.65 a year
- Premium$0.65 a year
- Digital$5 a month
- Digital$5 a month
MoneyGuide
- MyBlocks Individual$125 a year
- MyBlocks Individual$125 a month
- Client Portal with MX$400 a year
- Client Portal with Yodlee$400 a year
- MX add-on$400 a year
- Yodlee Client Portal add-on$400 a year
- Dash$500 a year
- Dash add-on$500 a year
- MyBlocks$600 a year
- MyBlocks add-on$600 a year
In their own words
Betterment
Betterment has no write-up on Specifiction yet; its figures are above.
MoneyGuide
MoneyGuide is financial planning software from Envestnet for financial advisors helping clients work toward lifetime financial goals. It supports goal-based, asset-allocation, and lifetime-income plans, including Monte Carlo simulations on a single income stream. Advisors and clients can collaborate online with view-only or update-all sharing permissions. Planning tools cover retirement, college, estate, insurance needs, risk management, taxes, and Social Security. What-if scenarios and stress tests can model changes in market returns, inflation, taxes, and longevity. Clients can link accounts through MX or Yodlee; listed integrations also include Redtail and Wealthbox. The company says it does not collect or store Social Security, credit card, or account numbers, and that client data is encrypted in transit. MoneyGuide is web-based and compatible with Windows PCs, Macs, iPads, and iPhones. It is non-transactional, so clients cannot access, move, or withdraw funds through the application. A MyBlocks trial lasts 14 days, requires no credit card, and expires automatically. Listed annual subscriptions include MoneyGuide at $2,000 a year per advisor; applicable state and local taxes are not included.