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 E*TRADE Adaptive Portfolio and Hedgeable. 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 E*TRADE Adaptive Portfolio and Hedgeable 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, Hedgeable has annual fees of 0.30%.
When it comes to fees, both E*TRADE Adaptive Portfolio and Hedgeable are equal in annual fees.
Let's consider the minimum investment that's required to use both E*TRADE Adaptive Portfolio 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, E*TRADE Adaptive Portfolio rates 7.5 out of 10, while Hedgeable ranks 7.5 out of 10. For more information on either, you can read our full reviews on E*TRADE Adaptive Portfolio and Hedgeable.
|Review||E*TRADE Adaptive Portfolio Review||Hedgeable Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Account Fees||0.30%/year||0.30% – 0.75%/year — Depends upon amount deposited|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial||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||No||Yes — All Taxable Accounts|
|Retirement Planning Tools||No||No|
|Automatic Deposits||Daily, Weekly, Biweekly and Monthly||Weekly, Biweekly, Monthly and Yearly|
|Clearing Agency||N/A||Apex Clearing|
|Socially Responsible Investing||No||Yes|
|Invests in Commodities||No||Yes|
|Invests in Real Estate||No||Yes|
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: M-F 9A-6P ET; Live Chat: M-F 9A-6P ET|
|Assets Under Management||$4B||$70M|
|Number of Accounts||229K||2K|
|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.
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.