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 Merrill Edge Guided Investing (MEGI). 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 Merrill Edge Guided Investing (MEGI) 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, Merrill Edge Guided Investing (MEGI) has annual fees of 0.45%.
When it comes to fees, E*TRADE Adaptive Portfolio is the cheaper service.
Let's consider the minimum investment that's required to use both E*TRADE Adaptive Portfolio and Merrill Edge Guided Investing (MEGI).
At $5,000, both services have the same minimum deposit.
Both E*TRADE Adaptive Portfolio and Merrill Edge Guided Investing (MEGI) 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 Adaptive Portfolio rates 7.5 out of 10, while Merrill Edge Guided Investing (MEGI) ranks 8 out of 10. For more information on either, you can read our full reviews on E*TRADE Adaptive Portfolio and Merrill Edge Guided Investing (MEGI).
|Review||E*TRADE Adaptive Portfolio Review||Merrill Edge Guided Investing (MEGI) 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, 401(k), Solo 401(k), 529|
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||Daily, Weekly, Biweekly and Monthly|
|Clearing Agency||N/A||Merrill Lynch|
|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||$0|
|Number of Accounts||229K||N/A|
|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.
About Merrill Edge Guided Investing (MEGI)
MEGI is a robo advisor that combines automated investing with active management of your portfolio. It invests your money in index-based ETFs, but it actively manages your portfolio allocation. This gives you an opportunity to both outperform the market and minimize losses in a downturn. The major negative is that the management fee is higher than those of most other robo advisors. But the active management component may very well justify the higher fee.