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 Adaptive Portfolio and Ellevest.
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 Adaptive Portfolio and Ellevest stack up against each other on these features.
To start, we will compare the fees for trading with both robo
advisors. E*TRADE Adaptive Portfolio has
annual fees at 0.30% fee per year. In
contrast, Ellevest has annual fees of 0.25%.
When it comes to fees, Ellevest is the cheaper service.
Let's consider the minimum investment that's required to use both E*TRADE Adaptive Portfolio and Ellevest.
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 E*TRADE Adaptive Portfolio does not. If you are someone who wants input on your employee-sponsored retirement account, Ellevest will be your option.
|Review||E*TRADE Adaptive Portfolio Review||Ellevest Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Promotions||None||Get up to $750 Cash Back|
|Account Fees||0.30%/year||0.25%/year; Premium - 0.50%/year|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial||Taxable, Roth IRA, Traditional IRA|
|Advice||Human Assisted||Human Assisted|
Does the robo-advisor offer assistance with your employer sponsored retirement plan?401(k) Guidance
|Tax Loss Harvesting|
|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|
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; Email|
|Assets Under Management||$4B||$25M|
|Number of Accounts||229K||5K|
|Sign Up||Sign Up|
About E*TRADE Adaptive Portfolio
E*TRADE Adaptive Portfolio 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 Adaptive Portfolio. Unfortunately, you need at least $5,000, and it doesn't offer tax-loss harvesting.
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.