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 TD Ameritrade Essential Portfolios. 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 TD Ameritrade Essential Portfolios 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, TD Ameritrade Essential Portfolios has annual fees of 0.30%.
When it comes to fees, both E*TRADE Adaptive Portfolio and TD Ameritrade Essential Portfolios are equal in annual fees.
Let's consider the minimum investment that's required to use both E*TRADE Adaptive Portfolio and TD Ameritrade Essential Portfolios.
At $5,000, both services have the same minimum deposit.
Both E*TRADE Adaptive Portfolio and TD Ameritrade Essential 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 Adaptive Portfolio rates 7.5 out of 10, while TD Ameritrade Essential Portfolios ranks 7 out of 10. For more information on either, you can read our full reviews on E*TRADE Adaptive Portfolio and TD Ameritrade Essential Portfolios.
|Review||E*TRADE Adaptive Portfolio Review||TD Ameritrade Essential 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, 529, Coverdell|
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||Yes|
|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; 100+ Local Branches|
|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 TD Ameritrade Essential Portfolios
With TD Ameritrade's robo advisor, you can take advantage of having at least some of your portfolio professionally managed while you maintain other self-directed investments. The advisory fee is reasonable, and the company offers local branches as a point of contact. However, details of the service's asset allocation remain cloudy.