At Investor Junkie, we reviewed over one hundred investing and personal finance services. Our goal is to bring you the most honest, simple, and informative reviews. It turns out; users also want to compare specific services.
This review compares Ellevest and Swell Investing. 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 Ellevest and Swell Investing stack up against each
other on these features.
To start, we will compare the fees for trading with both robo
advisors. Ellevest has
annual fees at 0.25% fee per year. In
contrast, Swell Investing has annual fees of 0.75%.
When it comes to fees, Ellevest is the cheaper service.
Let's consider the minimum investment that's required to use both Ellevest and Swell Investing.
At $0, Ellevest requires a smaller minimum deposit.
When it comes to supporting 401(k) plans, there is a clear line of division. Ellevest does offer support for 401(k) plans, while Swell Investing does not. If you are someone who wants help on your employee-sponsored retirement account, Ellevest will be your option.
|Review||Ellevest Review||Swell Investing Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Promotions||Get up to $750 Cash Back||Invest for Free for 1 Year With Promo Code "MAY5K"|
|Account Fees||0.25%/year; Premium - 0.50%/year||0.75%/year|
|Accounts Available||Taxable, Roth IRA, Traditional IRA||Taxable, Roth IRA, Traditional IRA, SEP IRA|
Does the robo-advisor offer assistance with your employer sponsored retirement plan?401(k) Guidance
|Tax Loss Harvesting|
|Retirement Planning Tools|
|Automatic Deposits||Monthly, Bimonthly and Quarterly||Weekly, Monthly|
|Clearing Agency||Folio||Folio Institutional|
|Socially Responsible Investing|
|Invests in Commodities|
|Invests in Real Estate|
How can you access the sevice? Website only? Via smartphone app?Access
More security to prevent unauthorized access to your account.Two-Factor Authentication
|Customer Service||Phone; Email||Phone: M-F 9-5 PT; Email|
|Assets Under Management||$91M||$7M|
|Number of Accounts||12K||18|
|Sign Up||Sign Up|
Ellevest is a robo advisor investing platform that targets women specifically. It can offer custom plans that are tailored to the needs of women. A good argument can be made for the necessity for taking women's particular situations into accounts. After all, they tend to live longer yet earn less. However, is a completely separate robo advisor really needed? We'll let you be the judge after reading our review.
About Swell Investing
Swell Investing was created to help users invest in socially responsible stocks. These include investments in alternative energy, clean water and healthy living. Swell requires a minimum investment of only $50, which makes it appealing and accessible to new and younger investors. On the downside, Swell's management fee runs a bit steep, and the service lacks some features of other robo advisors such as tax-loss harvesting.