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 Core 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 Fidelity Go and E*TRADE Core Portfolios 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 Core Portfolios has annual fees of 0.30%.
When it comes to fees, E*TRADE Core Portfolios is the cheaper service.
Let's consider the minimum investment that's required to use both Fidelity Go and E*TRADE Core Portfolios.
At $10, Fidelity Go 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.
|Review||Fidelity Go Review||E*TRADE Core Portfolios 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|
|Retirement Planning Tools|
|Automatic Deposits||Monthly||Daily, Weekly, Biweekly and Monthly|
|Clearing Agency||National Financial Services, LLC||N/A|
|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 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 Core Portfolios
E*TRADE Core Portfolios 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 Core Portfolios. Unfortunately, you need at least $5,000, and it doesn't offer tax-loss harvesting.