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 TD Ameritrade Essential Portfolios. 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 TD Ameritrade Essential Portfolios 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, TD Ameritrade Essential Portfolios has annual fees of 0.30%.
When it comes to fees, MarketRiders is the cheaper service.
Let's consider the minimum investment that's required to use both MarketRiders and TD Ameritrade Essential Portfolios.
At $1,000, MarketRiders 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, MarketRiders gets a 7/10 rating, while TD Ameritrade Essential Portfolios gets a 7/10 rating. For more information on either service, you can read our full reviews on MarketRiders and TD Ameritrade Essential Portfolios.
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 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.
|Review||MarketRiders Review||TD Ameritrade Essential Portfolios 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||0.30%/year|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Trusts||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||No||Yes — All Taxable Accounts|
|Retirement Planning Tools||No||No|
|Socially Responsible Investing||No||No|
|Invests in Commodities||Yes||No|
|Invests in Real Estate||Yes||No|
How can you access the sevice? Website only? Via smartphone app?Access
|Website||Website, iOS App, Android App|
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 — 24/7; Live Chat — 24/7; 100+ Local Branches|
|Assets Under Management||$0||$0|
|Number of Accounts||N/A||N/A|
|Sign Up||Sign Up|