Betterment vs Raiz
Betterment
betterment.comRaiz
raizinvest.com.auSide by side
| Figure | Betterment | Raiz |
|---|---|---|
| Price from | $0.05/mo | A$2.50/mo |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| Plans published | 5 | 3 |
| Spec score · Robo-Advisor Apps | 9.2 (#1) | 7.7 (#3) |
| Spec score · Automated Savings Apps | 9.2 (#1) | 7.4 (#15) |
| Founded | 2008 | 2016 |
| Headquarters | Betterment's corporate office is at 450 West 33rd Street, Floor 11, New York, NY 10001. | Sydney, New South Wales, Australia |
| What it does | Betterment provides automated investing, cash management, goal setting and retirement planning for U.S. customers. | Raiz is an Australian saving and investing service designed to automate investing and help users build wealth over time. |
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.
Raiz
Raiz is an Australian saving and investing service from Raiz, founded in 2016 and headquartered in Sydney. It automates investing through purchase round-ups, recurring top-ups and one-off deposits. Linked eligible bank accounts can supply spending data for rounding purchases to the nearest dollar, while scheduled additions can run daily, weekly or monthly. Portfolio choices include standard risk levels, socially responsible Emerald, Sapphire with a 5% bitcoin allocation, and Property with 30% in the Raiz Property Fund. Plus users can assemble portfolios from ETFs, ASX-listed stocks, up to 5% Bitcoin and up to 30% in the property fund. Raiz Kids provides child accounts transferable at 18, and Raiz Jars support goals with separate strategies. Rewards invests a percentage of participating-brand purchases. My Finance categorises transactions and forecasts income and spending. Android, iOS and web access are listed. Plans start at 2.50 AUD/mo, with no free plan.