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More Thoughts on Betterment Vs M1
Betterment has a superior user interface in most regards. You can drill down and see how many shares you have in each fund in your underlying portfolio, the charts are reasonably easy to understand and you get a nice bird's-eye view of all of your accounts after logging in. While M1 has a superior fee structure (free!), if you truly want to mimic Betterment, you're probably going to be opening a couple of different accounts. You can lump all of your taxable investments into one account holding multiple pies (similar to Betterment). However - the key difference here is that you can't put money directly into one pie like you can apply funds to a goal at Betterment. Your deposits are distributed by the percentages you allocate to the pie. This can, quite possibly, hinder your investment goals. For example, let's say you have two very different goals in one account - one Savings, one Growth - Your start with $1000 in each pie and the Pie contributions are split 50/...
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