Betterment App Review: Best App for Mobile Investing?

Bob HaegeleBy: Bob Haegele

October 19, 2021October 19, 2021

In a nutshell: The Betterment mobile app aims to make it easy to invest and manage your portfolio on the go. Our Betterment review believes this is one of the best mobile investing apps available.

Pros and Cons of the Betterment Mobile App


  • Manage your portfolio
  • Set new investing goals
  • Fast loading times


  • Network occasionally down
  • Not all web features are available

Betterment Mobile App Review Introduction

Our Betterment review focuses primarily on the web-based experience. The mobile app, on the other hand, is a perfect fit for investing on the go.

You still have most of the same fundamental features as the web version of Betterment. For example, you can look up your investing goals and check on the performance of your assets.

What’s more, there are no additional charges for investing via the mobile app. It’s perfectly normal for investors to manage their portfolios exclusively via the Betterment mobile app.

Keeping reading our Betterment mobile app review for more information on what this app offers.

What is the Betterment Mobile App?

Betterment Mobile App

Betterment investing was originally launched in 2009 as one of the world’s first robo-advisors. Today, it boasts more than $10 billion in assets under management.

Its mobile app has gone through multiple incarnations during its lifespan. Perhaps the biggest transformation came in 2019. Betterment drastically enhanced the functionality of its app and modernized its look.

At Modest Money, we love the fact that Betterment asked its users what they thought of the app and then actually implemented many of their recommendations.

It’s an example of how Betterment is a community-focused investing platform.

Betterment Mobile App Features

Our full review on Betterment speaks of the features available via the web platform but less about what the mobile app offers.

Let’s dive into the main features offered on Betterment mobile.

Investing and Management

As you would expect, you can continue to buy and sell via the app. Nothing is stopping you from making further deposits and withdrawals at the click of a button.

You can also monitor the performance of your portfolio. All the data provided by the mobile app is updated in real-time just like the website.

Rather than just a light version of the web experience, Betterment’s 2019 revamp has made the app into a platform that can stand on its own two feet.

Speak to a Financial Advisor

If you have any questions about Betterment or the platform, you can speak directly to a financial advisor. It’s just like sending an SMS message to a friend. Text them and they’ll typically reply within a few hours.

This feature is free for all members, and you can use it as much as you want without incurring any charges.

Add Investing Goals to Your Account

Betterment is dedicated to helping its users achieve their goals. When you invest with Betterment you can add defined goals to your account.

The mobile app enables you to add any type of goal, rather than simply offering a reduced number of options. This allows you to plan out your portfolio and invest in a way that matches up with your ambitions and changing circumstances.

Betterment Mobile App Fees

The Betterment mobile app is free for everybody to use. Just enter your account credentials and you can manage your portfolio on the go.

Betterment fees have always been historically low. They were one of the pioneers in alternative, low-cost investing.

There are no commissions, no trading fees, and no account minimums. The only fee you pay to Betterment is a 0.25% management fee.

Betterment Mobile App FAQ

Is Betterment available on iOS and Android?

Yes, the app is compatible with all major operating systems. Note that you may need to update your smartphone for the app to work.

Is it safe to invest via the mobile app?

Your account’s security is important to Betterment. They encourage all users to enable two-factor authentication to add an additional layer of security to their accounts.

Can I access all Betterment features via the mobile app?

Not every feature is available on the app. However, you’ll find 90% of Betterment’s features are available via the app. They’ve worked hard to continue adding more functionality to the app in recent years.

Betterment Mobile App: Is it Right for You?

It’s not uncommon for mobile apps to be rather ineffective alternatives to the web-based investing experience. Betterment is leading the charge to change things, though.

Here at Modest Money, we believe the Betterment mobile app is one of the most innovative apps on the market today. What we love is that Betterment has shown time and time again that they not only listen to customer feedback but act on it.

Learn more about Betterment works in our full Betterment review.

If you want to try out Betterment and their mobile app, follow Modest Money’s link and start investing with no management fees for one year.

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Bob Haegele
Bob Haegele

About the Author:

Bob Haegele is a personal finance writer, entrepreneur, and dog walker. He's a money management expert and investing connoisseur. Bob has been writing about personal finance for three years and now manages several personal finance sites, including The Frugal Fellow and Modest Money. You can also find him contributing to popular websites such as GOBankingRates, Bankrate, and You can see more of his work on Muck Rack and Contently, or connect with him on LinkedIn.

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