Betterment vs Pocket Risk
Betterment
betterment.comPocket Risk
pocketrisk.comSide by side
| Figure | Betterment | Pocket Risk |
|---|---|---|
| Price from | $0.05/mo | Free |
| Free plan | Yes | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| Plans published | 5 | 6 |
| Spec score · Financial Planning Software | 9.3 (#1) | 8.2 (#14) |
| Company size | LinkedIn lists Betterment as a privately held financial-services company with 501–1,000 employees. | LinkedIn lists Pocket Risk at 2–10 employees. |
| Founded | 2008 | 2012 |
| What it does | Betterment provides automated investing, cash management, goal setting and retirement planning for U.S. customers. | Pocket Risk is an online investment risk-tolerance questionnaire for financial advisers. |
Plans
Betterment
- Cash ReserveFree
- Premium$0.65 a year
- Premium$0.65 a year
- Digital$5 a month
- Digital$5 a month
Pocket Risk
- BUSINESSFree
- BUSINESSFree
- PROFESSIONALFree
- PROFESSIONALFree
- SOLOFree
- SOLOFree
In their own words
Betterment
Betterment has no write-up on Specifiction yet; its figures are above.
Pocket Risk
Pocket Risk is an online investment risk questionnaire for financial advisors assessing how much investment risk clients are willing to take. Its 15 questions cover financial goals, financial situation, risk tolerance and risk capacity. Clients can answer online or on paper; the homepage says online completion takes five minutes. Advisors receive online and PDF reports, with personalized risk profiles presented through visuals and graphs. Scores can be connected to model portfolios, and the maker's model portfolio page says up to 11 portfolios can be added. Advisors can customize branding, add questions and disclosures, and embed the questionnaire on their own website. Pocket Risk says it integrates with Redtail CRM, with more integrations coming soon. It runs on the web, iOS and Android, and lists goal planning, investment planning and a client portal. The maker describes encryption in transit at 256-bit over HTTPS, AWS infrastructure and daily backups, and says it does not sell or distribute client data. A 14-day free trial is available. Plan listings show free while also describing annual billing, so confirm plan terms before relying on those figures.