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 Hedgeable.
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 Hedgeable 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, Hedgeable has annual fees of 0.30%.
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 Hedgeable.
At $1, Hedgeable requires a smaller 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 Hedgeable ranks 7.5 out of 10. For more information on either, you can read our full reviews on Charles Schwab Intelligent Portfolios and Hedgeable.
|Review||Charles Schwab Intelligent Portfolios Review||Hedgeable Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Account Fees||None||0.30% – 0.75%/year — Depends upon amount deposited|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial, SEP IRA, SIMPLE IRA, Trusts||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial, SIMPLE IRA, Solo 401(k), Trusts|
Does the robo-advisor offer assistance with your employer sponsored retirement plan?401(k) Guidance
|Tax Loss Harvesting||— All Taxable Accounts||— All Taxable Accounts|
|Retirement Planning Tools|
|Automatic Deposits||Monthly, Bimonthly and Quarterly||Weekly, Biweekly, Monthly and Yearly|
|Clearing Agency||N/A||Apex Clearing|
|Socially Responsible Investing|
|Invests in Commodities|
|Invests in Real Estate|
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 9A-6P ET; Live Chat: M-F 9A-6P ET|
|Assets Under Management||$27B||$70M|
|Number of Accounts||N/A||2K|
|Sign Up||Sign Up|
About Charles Schwab Intelligent Portfolios
Schwab Intelligent Portfolios is Charles Schwab’s fee-free robo-investing service. And with the company's family of financial services, it's a one-stop shop: You can have some of your portfolio professionally managed through Intelligent Portfolios while being free to take advantage of all of the other benefits that Schwab offers.
Hedgeable lets everyday investors take advantage of the "insider" techniques of the biggest hedge funds. It offers one of the industry's most diverse portfolio, and there's no required account minimum. However, on the downside, Hedgeable's fees are a bit on the steep side.