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 TD Ameritrade Essential Portfolios and Charles Schwab Intelligent Portfolios.
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 TD Ameritrade Essential Portfolios and Charles Schwab Intelligent Portfolios stack up against each other on these features.
To start, we will compare the fees for trading with both robo
advisors. TD Ameritrade Essential Portfolios has
annual fees at 0.30% fee per year. In
contrast, Charles Schwab Intelligent Portfolios has annual fees of 0%.
When it comes to fees, Charles Schwab Intelligent Portfolios wins by not charging anything to use their service.
Let's consider the minimum investment that's required to use both TD Ameritrade Essential Portfolios and Charles Schwab Intelligent Portfolios.
At $5,000, both services have the same minimum deposit.
Both TD Ameritrade Essential Portfolios and Charles Schwab Intelligent Portfolios 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, TD Ameritrade Essential Portfolios rates 7 out of 10, while Charles Schwab Intelligent Portfolios ranks 8.5 out of 10. For more information on either, you can read our full reviews on TD Ameritrade Essential Portfolios and Charles Schwab Intelligent Portfolios.
|Review||TD Ameritrade Essential Portfolios Review||Charles Schwab Intelligent Portfolios Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial, SEP IRA, SIMPLE IRA, Trusts, 529, Coverdell||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial, SEP IRA, SIMPLE IRA, 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||Yes||Monthly, Bimonthly and Quarterly|
|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; 100+ Local Branches||Phone: 24/7; Live Chat: 24/7; Email|
|Assets Under Management||$0||$27B|
|Number of Accounts||N/A||N/A|
|Sign Up||Sign Up|
About TD Ameritrade Essential Portfolios
With TD Ameritrade's robo advisor, you can take advantage of having at least some of your portfolio professionally managed while you maintain other self-directed investments. The advisory fee is reasonable, and the company offers local branches as a point of contact. However, details of the service's asset allocation remain cloudy.
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.