We've reviewed many investing and personal finance services. We want to help you make the best decision of which service best suits your needs.
This comparison we review Fidelity Go and Rebalance IRA.
From our research, annual fees, minimum deposit, and 401(k) support the most important
features which choosing a robo advisor. Let's look at how Fidelity Go and Rebalance IRA 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, Rebalance IRA has annual fees of 0.50%.
When it comes to fees, Fidelity Go is the cheaper service.
Let's consider the minimum investment that's required to use both Fidelity Go and Rebalance IRA.
At $10, Fidelity Go requires a smaller minimum deposit.
When it comes to supporting 401(k) plans, there is a clear line of division. Rebalance IRA does offer support for 401(k) plans, while Fidelity Go does not. If you are someone who wants input on your employee-sponsored retirement account, Rebalance IRA will be your option.
|Review||Fidelity Go Review||Rebalance IRA 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||$250 Setup Fee; 0.50%/year|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial, SEP IRA, SIMPLE IRA, 401(k), Solo 401(k), Trusts, Partnerships, Non-Profit|
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, Monthly, Bimonthly and Quarterly|
|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|
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 8:30A-8:30P ET; Email|
|Assets Under Management||$186M||$525M|
|Number of Accounts||N/A||1K|
|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 Rebalance IRA
Rebalance IRA provides insight into your portfolio and helps you make better decisions by not letting emotions get in the way and selling too often. It also helps you determine the right asset allocation. However, Rebalance IRA is good only for investors who have portfolios of $100,000 or more.