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 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 Fidelity Go 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. Fidelity Go has
annual fees at 0.35% fee per year. In
contrast, TD Ameritrade Essential Portfolios has annual fees of 0.30%.
When it comes to fees, TD Ameritrade Essential Portfolios is the cheaper service.
Let's consider the minimum investment that's required to use both Fidelity Go and TD Ameritrade Essential 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.
Overall, Fidelity Go 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 Fidelity Go and TD Ameritrade Essential Portfolios.
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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 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.