Softwr

Software · head to head

Betterment vs Quicken

Betterment logo

Betterment

Software

Your path to financial independence

From
$5/month
Rated
-
Full reviewWebsite
Quicken logo

Quicken

Software

Take control of your finances

From
$3.99/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Betterment digital automated investing charges $5 per month fee for accounts under $24,000 balance; Quicken quicken Simplifi (cloud version) costs $3.99 annually if billed yearly, but renews at full price $6.99/month unless cancelled before renewal
  • They diverge on capability: Betterment covers Automated investing, Quicken covers Budget creation.

Where they differ

Only the attributes on which Betterment and Quicken actually diverge.

Attributes where Betterment and Quicken differ
AttributeBettermentQuicken
Starting price$5/month$3.99/month
PlatformsWeb, iOS, AndroidWeb, iOS, Android, Windows, macOS
Founded20081983

Identical on both: pricing model (subscription), free tier (No), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Betterment

  • Automated investing
  • Retirement planning
  • Financial advisory
  • Goal tracking
  • Web support
  • Android support

Only in Quicken

  • Budget creation
  • Bill management
  • Investment tracking
  • Tax planning
  • Credit cards
  • Windows support
  • Mac support

Both cover

  • Bank accounts
  • Investment accounts
  • IOS support

What people use each for

The jobs each tool is most often brought in to do.

Betterment

  • Small investors starting with automated investing at no minimum balancenot Quicken
  • Fee-only digital wealth management for accounts under $24,000 via $5/month flat feenot Quicken
  • Premium advisory access for high-net-worth individuals with $100,000+ balancenot Quicken

Quicken

  • Individuals managing personal finances via Quicken Simplifi cloud app for budgeting and savings trackingnot Betterment
  • Freelancers and self-employed managing business and personal finances via Quicken Business & Personal plannot Betterment
  • Users preferring local data storage via Classic desktop editionsnot Betterment

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Betterment

  • Digital automated investing charges $5 per month fee for accounts under $24,000 balance
  • Premium advisory service requires minimum balance of $100,000 in eligible investments
  • Foreign transaction fees apply to checking account (though reimbursed after the fact)
  • High-balance fee discounts only available above $1,000,000 account balance

Quicken

  • Quicken Simplifi (cloud version) costs $3.99 annually if billed yearly, but renews at full price $6.99/month unless cancelled before renewal
  • Renewal pricing significantly higher than introductory rate; annual cost jumps from $47.88 (promotional) to $83.88 (regular renewal)

Pricing, plan by plan

Betterment

$5/month

No published plan breakdown. See the Betterment review.

Quicken

$3.99/month

No published plan breakdown. See the Quicken review.

Which should you pick?

Choose Betterment if

  • You need automated investing.
  • You work on Web, iOS, Android.
  • You also want retirement planning.
Betterment review

Choose Quicken if

  • You need budget creation.
  • You work on Web, iOS, Android, Windows, macOS.
  • You also want bill management.
Quicken review

Questions people ask

Is Betterment or Quicken better?
Neither clearly leads. Betterment starts at $5/month and Quicken at $3.99/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Betterment or Quicken?
Betterment starts at $5/month and Quicken at $3.99/month.
Does Betterment or Quicken run on more platforms?
Betterment runs on Web, iOS, Android. Quicken runs on Web, iOS, Android, Windows, macOS.
What is Betterment best used for?
Betterment is most often used for small investors starting with automated investing at no minimum balance, fee-only digital wealth management for accounts under $24,000 via $5/month flat fee, premium advisory access for high-net-worth individuals with $100,000+ balance. Of those, small investors starting with automated investing at no minimum balance and fee-only digital wealth management for accounts under $24,000 via $5/month flat fee are not what Quicken is typically brought in for.
What can Betterment do that Quicken cannot?
Betterment covers Automated investing, Retirement planning, Financial advisory, Goal tracking. Quicken covers Budget creation, Bill management, Investment tracking, Tax planning. Both handle Bank accounts, Investment accounts, IOS support.
ShareXLinkedInRedditWhatsAppEmail

Related pages

More on Betterment

More on Quicken

Keep looking

Other head to heads