Betterment vs ProjectionLab
Betterment
betterment.com
ProjectionLab
projectionlab.comSide by side
| Figure | Betterment | ProjectionLab |
|---|---|---|
| Price from | $0.05/mo | $10.75/mo |
| Free plan | Yes | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | — | Yes |
| Plans published | 5 | 6 |
| Spec score · Financial Planning Software | 9.3 (#1) | 8.8 (#7) |
| Founded | 2008 | 2021 |
| Security controls | Betterment states that it uses two-factor authentication, encryption in transit and at rest, TLS and a dedicated security team. | The service supports email or Google sign-in, TOTP or SMS multi-factor authentication, database-level account isolation and least-privilege administrative access. |
| What it does | Betterment provides automated investing, cash management, goal setting and retirement planning for U.S. customers. | ProjectionLab is a browser-based financial planner that models long-term household finances, milestones, cash flow, taxes and retirement outcomes. |
Plans
Betterment
- Cash ReserveFree
- Premium$0.65 a year
- Premium$0.65 a year
- Digital$5 a month
- Digital$5 a month
ProjectionLab
- BasicFree
- BasicFree
- Premium$129 a year
- Premium$129 a year
- Pro$549 a year
- Pro$549 a year
In their own words
Betterment
Betterment has no write-up on Specifiction yet; its figures are above.
ProjectionLab
ProjectionLab simulates personal financial and retirement scenarios to help users plan for different possible futures. Users can model life milestones, cash flow, estimated taxes, investment strategies, account types, withdrawals and estate outcomes. Monte Carlo simulations and historical backtesting let users explore potential outcomes. The free Basic plan includes forecasting, financial planning, simulations and backtesting. Premium adds tax optimization, Roth conversions, ACA subsidies, capital gains harvesting, international planning and advanced analytics, and costs $129 a year. Pro costs $549 a year and is aimed at financial advisors and coaches, with client management tools and 10 client seats. ProjectionLab does not directly link financial accounts, so users can make plans without supplying account numbers or connecting bank or brokerage accounts. The web app can be installed on mobile devices as a Progressive Web App; the maker says it has no formal mobile app. Support is available by email, Discord and bookable educational sessions.