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 Fidelity Go and E*TRADE Adaptive Portfolio. 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 Fidelity Go and E*TRADE Adaptive Portfolio stack up against each other on these features.
To start, we will compare the fees for trading with both robo advisors. Fidelity Go has annual fees at 0.35% fee per year. In contrast, E*TRADE Adaptive Portfolio has annual fees of 0.30%.
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 Fidelity Go and E*TRADE Adaptive Portfolio.
At $5,000, both services have the same minimum deposit.
Both Fidelity Go and E*TRADE Adaptive Portfolio 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, Fidelity Go rates 7.5 out of 10, while E*TRADE Adaptive Portfolio ranks 7.5 out of 10. For more information on either, you can read our full reviews on Fidelity Go and E*TRADE Adaptive Portfolio.
|Review||Fidelity Go Review||E*TRADE Adaptive Portfolio Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Account Fees||Retirement – 0.35%/year; Taxable – 0.35-0.40%/year||0.30%/year|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial|
Does the robo-advisor offer assistance with your employer sponsored retirement plan?401(k) Guidance
|Tax Loss Harvesting||No||No|
|Retirement Planning Tools||No||No|
|Automatic Deposits||Monthly||Daily, Weekly, Biweekly and Monthly|
|Clearing Agency||National Financial Services, LLC||N/A|
|Socially Responsible Investing||No||No|
|Invests in Commodities||No||No|
|Invests in Real Estate||No||No|
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 8A-8P ET; Live Chat: M-F 8A-8P ET||Phone: M-F 12A-11:59P ET; Live Chat: 24/7|
|Assets Under Management||$186M||$4B|
|Number of Accounts||N/A||229K|
|Sign Up||Sign Up|
About Fidelity Go
Fidelity Go is Fidelity's entry into the robo advisor space. Its pricing is very transparent, and if you have an existing account, it might be a service for your one-stop shopping. However, the service lacks some of the features that more established robo advisors already offer.
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.