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 M1 Finance and E*TRADE Adaptive Portfolio. 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 M1 Finance and E*TRADE Adaptive Portfolio stack up against each
other on these features.
To start, we will compare the fees for trading with both robo
advisors. M1 Finance has
annual fees at 0% fee per year. In
contrast, E*TRADE Adaptive Portfolio has annual fees of 0.30%.
M1 Finance wins because their service is free to use.
Let's consider the minimum investment that's required to use both M1 Finance and E*TRADE Adaptive Portfolio.
At $0, M1 Finance 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.
Overall, M1 Finance rates 8.5 out of 10, while E*TRADE Adaptive Portfolio ranks 7.5 out of 10. For more information on either, you can read our full reviews on M1 Finance and E*TRADE Adaptive Portfolio.
|Review||M1 Finance Review||E*TRADE Adaptive Portfolio Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Promotions||Invest for FREE||None|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, Trusts||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial|
Does the robo-advisor offer assistance with your employer sponsored retirement plan?401(k) Guidance
|Tax Loss Harvesting|
|Retirement Planning Tools|
|Automatic Deposits||Daily, Weekly, and Monthly||Daily, Weekly, Biweekly and Monthly|
|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 9A-5P CT; Email||Phone: M-F 12A-11:59P ET; Live Chat: 24/7|
|Assets Under Management||$30M||$4B|
|Number of Accounts||N/A||229K|
|Sign Up||Sign Up|
About M1 Finance
Combining the best of both traditional investment brokerage accounts and robo advisors, M1 Finance is dangerously close to being the perfect all-around investment platform. The only significant negatives are that it does not offer tax-loss harvesting or investment in mutual funds.
About E*TRADE Adaptive Portfolio
E*TRADE Adaptive Portfolio offers a robo advisor service at a reasonable cost. If you are an existing E*TRADE customer and are considering an automated investment service, you may want to use Adaptive Portfolio. Unfortunately, you need at least $5,000, and it doesn't offer tax-loss harvesting.