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 FutureAdvisor.
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 FutureAdvisor 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, FutureAdvisor 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 FutureAdvisor.
At $5,000, Fidelity Go requires a smaller minimum deposit.
When it comes to supporting 401(k) plans, there is a clear line of division. FutureAdvisor 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, FutureAdvisor will be your option.
|Review||Fidelity Go Review||FutureAdvisor 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||0.50%/year|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, 529, Coverdell|
Does the robo-advisor offer assistance with your employer sponsored retirement plan?401(k) Guidance
|Tax Loss Harvesting||No||Yes — All Taxable Accounts|
|Retirement Planning Tools||No||Yes|
|Automatic Deposits||Monthly||Daily, Weekly, Biweekly, Monthly, Bimonthly and Quarterly|
|Clearing Agency||National Financial Services, LLC||Apex Clearing|
|Socially Responsible Investing||No||No|
|Invests in Commodities||No||Yes|
|Invests in Real Estate||No||Yes|
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 8:30A-5P PT; Email|
|Assets Under Management||$186M||$1B|
|Number of Accounts||N/A||7K|
|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.
FutureAdvisor lets you test-drive its service for free and is one of the few robo advisors that can manage your 529 college savings plan. However, the bad news is the service's fees are higher than those of most of its competition.