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 FutureAdvisor and Hedgeable.
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 FutureAdvisor and Hedgeable stack up against each other on these features.
To start, we will compare the fees for trading with both robo
advisors. FutureAdvisor has
annual fees at 0.50% fee per year. In
contrast, Hedgeable has annual fees of 0.30%.
When it comes to fees, Hedgeable is the cheaper service.
Let's consider the minimum investment that's required to use both FutureAdvisor and Hedgeable.
At $1, Hedgeable 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 Hedgeable does not. If you are someone who wants help on your employee-sponsored retirement account, FutureAdvisor will be your option.
|Review||FutureAdvisor Review||Hedgeable Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Account Fees||0.50%/year||0.30% – 0.75%/year — Depends upon amount deposited|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, 529, Coverdell||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial, SIMPLE IRA, Solo 401(k), Trusts|
Does the robo-advisor offer assistance with your employer sponsored retirement plan?401(k) Guidance
|Tax Loss Harvesting||— All Taxable Accounts||— All Taxable Accounts|
|Retirement Planning Tools|
|Automatic Deposits||Daily, Weekly, Biweekly, Monthly, Bimonthly and Quarterly||Weekly, Biweekly, Monthly and Yearly|
|Clearing Agency||Apex Clearing||Apex Clearing|
|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 8:30A-5P PT; Email||Phone: M-F 9A-6P ET; Live Chat: M-F 9A-6P ET|
|Assets Under Management||$1B||$70M|
|Number of Accounts||7K||2K|
|Sign Up||Sign Up|
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.
Hedgeable lets everyday investors take advantage of the "insider" techniques of the biggest hedge funds. It offers one of the industry's most diverse portfolio, and there's no required account minimum. However, on the downside, Hedgeable's fees are a bit on the steep side.