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 E*TRADE Core 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 E*TRADE Core 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. E*TRADE Core 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 E*TRADE Core Portfolios and Charles Schwab Intelligent Portfolios.
At $5,000, both services have the same minimum deposit.
Both E*TRADE Core 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, E*TRADE Core Portfolios rates 7.5 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 E*TRADE Core Portfolios and Charles Schwab Intelligent Portfolios.
|Review||E*TRADE Core 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||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|
|Retirement Planning Tools|
|Automatic Deposits||Daily, Weekly, Biweekly and Monthly||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: M-F 12A-11:59P ET; Live Chat: 24/7||Phone: 24/7; Live Chat: 24/7; Email|
|Assets Under Management||$4B||$27B|
|Number of Accounts||229K||N/A|
|Sign Up||Sign Up|
About E*TRADE Core Portfolios
E*TRADE Core Portfolios 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 Core Portfolios. Unfortunately, you need at least $5,000, and it doesn't offer tax-loss harvesting.
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.