🏠 How do the fees of Fidelity Go and Betterment Premier compare to other robo-advisors in the market?

The fees of Fidelity Go and Betterment Premier are comparable to other robo-advisors in the market, with each platform offering competitive pricing structures. Here's a comparison of their fees to other popular robo-advisors: **Fidelity Go:** 1. **Low Fee Structure**: Fidelity Go's advisory fee is relatively low, especially for balances under $25,000, with no fee at all for those with less than $25,000 in the account. 2. **No Account Maintenance Fees**: There are no account maintenance fees for Fidelity Go accounts. **Betterment Premier:** 1. **Competitive Advisory Fee**: Betterment Premier's advisory fee of 0.25% annually on balances over $100,000 is competitive, especially when compared to other robo-advisors that charge higher fees for similar services. 2. **No Account Maintenance Fees**: There are no account maintenance fees for Betterment Premier accounts. **Comparison to Other Robo-Advisors:** 1. **Vanguard Personal Advisor Services**: Vanguard's robo-advisor charges an advisory fee of 0.30% to 0.40% annually, which is similar to Betterment Premier's fee structure. 2. **Schwab Intelligent Portfolios**: Schwab's robo-advisor charges an advisory fee of 0.10% to 0.35% annually, making it one of the most affordable options on the market. 3. **Betterment Core**: Betterment's lower-tier service, Betterment Core, charges an advisory fee of 0.35% annually, which is similar to Schwab Intelligent Portfolios. 4. **Wealthfront**: Wealthfront's robo-advisor charges an advisory fee of 0.25% annually, which is comparable to Betterment Premier's fee structure. **Insights and Considerations:** 1. **Fee Structure Complexity**: Some robo-advisors, like Vanguard Personal Advisor Services, have a more complex fee structure, with additional fees for certain services or account types. Fidelity Go and Betterment Premier have simpler fee structures, making them more transparent and easier to understand. 2. **Investment Options**: While Fidelity Go and Betterment Premier offer competitive fees, investors should consider the investment options and portfolio customization available within each platform. 3. **Tax Efficiency**: Some robo-advisors, like Betterment, offer tax-loss harvesting features, which can help optimize returns in taxable accounts. Investors should consider the tax implications of their investments when choosing a robo-advisor. 4. **Minimum Balance Requirements**: Fidelity Go and Betterment Premier have different minimum balance requirements, with Fidelity Go requiring a minimum account balance of $1,000 and Betterment Premier requiring a minimum account balance of $100,000 for advisory services. When comparing Fidelity Go and Betterment Premier to other robo-advisors, it's essential to consider individual financial goals, investment strategies, and the specific features and benefits each platform offers. It's recommended to consult with a financial advisor to determine which robo-advisor is the best fit for your needs and preferences.