Betterment is a robo-advisor service that uses automation to manage your investments. You answer questions about your financial goals and risk tolerance, and Betterment builds a diversified investment portfolio for you using low-cost ETFs (exchange-traded funds). They automatically rebalance your portfolio to maintain your risk profile and offer features like cash management and retirement planning. Betterment's management fee is generally lower than traditional financial advisors.
Northwestern Mutual is a financial services company based in Milwaukee, Wisconsin. They focus on helping people achieve financial security through a variety of products and services. They offer life insurance, disability income and long-term care insurance to protect your income and family. Northwestern Mutual also provides investment and retirement planning services, including annuities and investment advisory services, to help you grow your wealth and plan for the future. As a mutual company, they are owned by their policyholders, and a focus on client service is a core part of their philosophy.
