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 TD Ameritrade Essential Portfolios.
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 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. FutureAdvisor has
annual fees at 0.50% 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 FutureAdvisor and TD Ameritrade Essential Portfolios.
At $5,000, TD Ameritrade Essential Portfolios 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 TD Ameritrade Essential Portfolios does not. If you are someone who wants help on your employee-sponsored retirement account, FutureAdvisor will be your option.
Overall, FutureAdvisor rates 7 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 FutureAdvisor and TD Ameritrade Essential Portfolios.
|Review||FutureAdvisor Review||TD Ameritrade Essential Portfolios Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, 529, Coverdell||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial, SEP IRA, SIMPLE IRA, Trusts, 529, Coverdell|
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||Yes|
|Clearing Agency||Apex Clearing||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, 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 — 24/7; Live Chat — 24/7; 100+ Local Branches|
|Assets Under Management||$1B||$0|
|Number of Accounts||7K||N/A|
|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.
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.