At Investor Junkie, we reviewed over 100 investing and personal finance services. Our goal is to bring you the most honest, simple, and informative reviews. Turns out, users also want to compare specific services.
This review compares MarketRiders and Swell Investing. 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 MarketRiders and Swell Investing stack up against each other on these threads.
To start, we will compare the fees for trading with both robo advisors. MarketRiders has a fees starting at 0.25% fee per year. To contrast, Swell Investing has annual fees of 0.75%.
When it comes to fees, MarketRiders is the cheaper service.
Let's consider the minimum investment that's required to use both MarketRiders and Swell Investing.
At $50, Swell Investing 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.
MarketRiders' aim is to help Americans manage their retirement portfolios more effectively by providing DIY investment advice. But with the addition of the Managed Service, MarketRiders has the capability to be a full-on robo advisor for those who want assisted portfolio management.
About Swell Investing
Swell Investing was created to help users invest in socially responsible stocks. These include investments in alternative energy, clean water and healthy living. Swell requires a minimum investment of only $50, which makes it appealing and accessible to new and younger investors. On the downside, Swell's management fee runs a bit steep, and the service lacks some features of other robo advisors such as tax-loss harvesting.
|Review||MarketRiders Review||Swell Investing Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Account Fees||$14.95/month; $149.95/year for the DIY Service||0.75% per year|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Trusts||Taxable, Roth IRA, Traditional IRA, SEP IRA|
Does the robo-advisor offer assistance with your employer sponsored retirement plan?401(k) Guidance
|Tax Loss Harvesting||No||No|
|Retirement Planning Tools||No||No|
|Automatic Deposits||N/A||Weekly, Monthly|
|Clearing Agency||N/A||Folio Institutional|
|Socially Responsible Investing||No||Yes|
|Invests in Commodities||Yes||No|
|Invests in Real Estate||Yes||No|
How can you access the sevice? Website only? Via smartphone app?Access
More security to prevent unauthorized access to your account.Two-Factor Authentication
|Customer Service||Phone: M-F 9A-5P CST; Live Chat: M-F 9A-5P CST; Email||Phone: M-F 9-5 PT; Email|
|Assets Under Management||$0||$7M|
|Number of Accounts||N/A||18|
|Sign Up||Sign Up|