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 Hedgeable 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 Hedgeable and Fidelity Go stack up against each
other on these features.
To start, we will compare the fees for trading with both robo
advisors. Hedgeable has
annual fees at 0.30% fee per year. In
contrast, Fidelity Go has annual fees of 0.35%.
When it comes to fees, Hedgeable is the cheaper service.
Let's consider the minimum investment that's required to use both Hedgeable and Fidelity Go.
At $1, Hedgeable 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.
|Review||Hedgeable Review||Fidelity Go Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Account Fees||0.30% – 0.75%/year — Depends upon amount deposited||Retirement – 0.35%/year; Taxable – 0.35-0.40%/year|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial, SIMPLE IRA, Solo 401(k), Trusts||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||— All Taxable Accounts|
|Retirement Planning Tools|
|Automatic Deposits||Weekly, Biweekly, Monthly and Yearly||Monthly|
|Clearing Agency||Apex Clearing||National Financial Services, LLC|
|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 9A-6P ET; Live Chat: M-F 9A-6P ET||Phone: M-F 8A-8P ET; Live Chat: M-F 8A-8P ET|
|Assets Under Management||$70M||$186M|
|Number of Accounts||2K||N/A|
|Sign Up||Sign Up|
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.
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.