We've reviewed many investing and personal finance services. We want to help you make the best decision of which service best suits your needs.
This comparison we review Charles Schwab Intelligent Portfolios and Fidelity Go.
From our research, annual fees, minimum deposit, and 401(k) support the most important features which choosing a robo advisor. Let's look at how Charles Schwab Intelligent Portfolios and Fidelity Go stack up against each other on these features.
To start, we will compare the fees for trading with both robo advisors. Charles Schwab Intelligent Portfolios has annual fees at 0% fee per year. In contrast, Fidelity Go has annual fees of 0.35%.
Charles Schwab Intelligent Portfolios wins because their service is free to use.
Let's consider the minimum investment that's required to use both Charles Schwab Intelligent Portfolios and Fidelity Go.
At $5,000, both services have the same minimum deposit.
Both Charles Schwab Intelligent Portfolios and Fidelity Go have the same $5,000 minimum deposit.
Unfortunately, neither service offers assistance with your 401(k) and you will have to find another service if this is a requirement for you.
Overall, Charles Schwab Intelligent Portfolios rates 8.5 out of 10, while Fidelity Go ranks 7.5 out of 10. For more information on either, you can read our full reviews on Charles Schwab Intelligent Portfolios and Fidelity Go.
|Review||Charles Schwab Intelligent Portfolios Review||Fidelity Go Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Account Fees||None||Retirement – 0.35%/year; Taxable – 0.35-0.40%/year|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial, SEP IRA, SIMPLE IRA, Trusts||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA|
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||No||No|
|Automatic Deposits||Monthly, Bimonthly and Quarterly||Monthly|
|Clearing Agency||N/A||National Financial Services, LLC|
|Socially Responsible Investing||No||No|
|Invests in Commodities||Yes||No|
|Invests in Real Estate||Yes||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: 24/7; Live Chat: 24/7; Email||Phone: M-F 8A-8P ET; Live Chat: M-F 8A-8P ET|
|Assets Under Management||$27B||$186M|
|Number of Accounts||N/A||N/A|
|Sign Up||Sign Up|
About Charles Schwab Intelligent Portfolios
Schwab Intelligent Portfolios is Charles Schwab’s robo-investing service. Like other robo advisors, it provides professional investment management for your portfolio for a minimum investment ($5,000). But what makes Schwab Intelligent Portfolios unique in the industry — and particularly among large brokerage firms — is that Schwab offers the service without charging fees. And with Schwab's family of financial services, it's a one-stop shop: You can have some of your portfolio professionally managed through Schwab Intelligent Portfolios while being free to take advantage of all of the other benefits that Schwab offers.
About Fidelity Go
Fidelity Go is Fidelity's entry into the robo advisor space. Its pricing is very transparent, and if you have an existing account, it might be a service for your one-stop shopping. However, the service lacks some of the features that more established robo advisors already offer.