At Investor Junkie, we reviewed over 100 investing and personal finance services. Our goal is to bring you the most honest, simple, and informative reviews. Turns out, users also want to compare specific services.
This review compares Betterment and E*TRADE Adaptive Portfolio. The better service depends on your needs. So let's dive in!
According to our readers (you!), when it comes to robo advisors, people care most about the fees, minimum investment requirements, and whether or not the service supports for 401(k) plans. Let's look at how Betterment and E*TRADE Adaptive Portfolio stack up against each other on these threads.
To start, we will compare the fees for trading with both robo advisors. Betterment has a fees starting at 0.25% fee per year. To contrast, E*TRADE Adaptive Portfolio has annual fees of 0.30%.
When it comes to fees, Betterment is the cheaper service.
Let's consider the minimum investment that's required to use both Betterment and E*TRADE Adaptive Portfolio.
At $0, Betterment requires a smaller minimum deposit.
When it comes to support for 401(k) plans, there is a clear line of division. Betterment does offer support for 401(k) plans, while E*TRADE Adaptive Portfolio does not. If you are someone who wants help on your employee-sponsored retirement account, Betterment will be your option.
Overall, Betterment gets a 9/10 rating, while E*TRADE Adaptive Portfolio gets a 7.5/10 rating. For more information on either service, you can read our full reviews on Betterment and E*TRADE Adaptive Portfolio.
Betterment is a good starting point for beginner investors. The robo advisor has no minimum deposit and costs 0.25% annually. If you need the assistance, it recently added human advisors, which can assist with your retirement account. Unfortunately, its asset allocation excludes REITs or commodities.
About E*TRADE Adaptive Portfolio
E*TRADE Adaptive Portfolio offers a robo advisor service at a reasonable cost. If you are an existing E*TRADE customer and are considering an automated investment service, you may want to use Adaptive Portfolio. Unfortunately, you need at least $5,000, and it doesn't offer tax-loss harvesting.
|Review||Betterment Review||E*TRADE Adaptive Portfolio Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Promotions||Up To 1 Year Free||None|
|Account Fees||Digital – 0.25%/year; Premium – 0.40%/year||0.30%/year|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, Trusts, Non-Profit||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial|
|Advice||Human Assisted||Human Assisted|
Does the robo-advisor offer assistance with your employer sponsored retirement plan?401(k) Guidance
|Tax Loss Harvesting||Yes — All Taxable Accounts||No|
|Retirement Planning Tools||Yes||No|
|Automatic Deposits||Weekly, Biweekly and Monthly||Daily, Weekly, Biweekly and Monthly|
|Clearing Agency||Apex Clearing||N/A|
|Socially Responsible Investing||Yes||No|
|Invests in Commodities||No||No|
|Invests in Real Estate||No||No|
How can you access the sevice? Website only? Via smartphone app?Access
|Website, iOS App, Android App||Website, iOS App, Android App|
More security to prevent unauthorized access to your account.Two-Factor Authentication
|Customer Service||Phone: M-Th 9A-8P, F 9A-6P ET; Live Chat: M-Th 9A-8P, F 9A-6P, Sat-Sun 11A-6P ET; Email||Phone: M-F 12A-11:59P ET; Live Chat: 24/7|
|Assets Under Management||$12B||$4B|
|Number of Accounts||393K||229K|
|Sign Up||Sign Up|