Betterment

Betterment was one of the early adopters of the robo-advisor investment model. After about 10 years in operation, we feel that no other application provides clients with the same level of value as Betterment. Betterment received great marks in every category. Betterment Digital's entry-level service tier costs a reasonable yearly fee of 0.25 percent of your amount, with no minimum balance restriction. Individuals with larger balances - who want more sophisticated services - may sign up for Betterment Premium, which includes access to live financial counselors.

One caveat for those who choose the emergency fund route: You may wind up with a 15% equities and 85% bonds portfolio, which is a little too hazardous. If you need funds after a layoff due to an economic slump, chances are you will be selling cheap.

Besides, Betterment provides alternative portfolios, including one that is focused on environmental, social, and governance (ESG) considerations. The software automatically harvests tax losses and also offers a tax-coordinated plan option that arranges your stock and bond holdings to maximize your tax treatment.

Ratings: 4.8 stars (from 300 reviews)

Price: 0.25% - 0.4% annual fee

Website: https://www.betterment.com/