At Investor Junkie, we reviewed over 100 investing and personal finance services. Our goal is to bring you the most honest, simple, and informative reviews. Turns out, users also want to compare specific services.
This review compares TD Ameritrade Essential Portfolios and Fidelity Go. 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 TD Ameritrade Essential Portfolios and Fidelity Go stack up against each other on these threads.
To start, we will compare the fees for trading with both robo advisors. TD Ameritrade Essential Portfolios has a fees starting at 0.30% fee per year. To contrast, Fidelity Go has annual fees of 0.35%.
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 TD Ameritrade Essential Portfolios and Fidelity Go.
At $5,000, both services have the same minimum deposit.
Both TD Ameritrade Essential Portfolios and Fidelity Go 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, TD Ameritrade Essential Portfolios gets a 7/10 rating, while Fidelity Go gets a 7.5/10 rating. For more information on either service, you can read our full reviews on TD Ameritrade Essential Portfolios and Fidelity Go.
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.
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.
|Review||TD Ameritrade Essential Portfolios Review||Fidelity Go Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Account Fees||0.30%/year||Retirement – 0.35%/year; Taxable – 0.35-0.40%/year|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial, SEP IRA, SIMPLE IRA, Trusts, 529, Coverdell||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA|
Does the robo-advisor offer assistance with your employer sponsored retirement plan?401(k) Guidance
|Tax Loss Harvesting||Yes — All Taxable Accounts||No|
|Retirement Planning Tools||No||No|
|Clearing Agency||N/A||National Financial Services, LLC|
|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 — 24/7; Live Chat — 24/7; 100+ Local Branches||Phone: M-F 8A-8P ET; Live Chat: M-F 8A-8P ET|
|Assets Under Management||$0||$186M|
|Number of Accounts||N/A||N/A|
|Sign Up||Sign Up|