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 Rebalance IRA and Ellevest. 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 Rebalance IRA and Ellevest stack up against each other on these threads.
To start, we will compare the fees for trading with both robo advisors. Rebalance IRA has a fees starting at 0.50% fee per year. To contrast, Ellevest has annual fees of 0.25%.
When it comes to fees, M1 Finance wins by not charging anything to use their service.
Let's consider the minimum investment that's required to use both Rebalance IRA and Ellevest.
At $0, Ellevest requires a smaller minimum deposit.
Both Rebalance IRA and Ellevest can help manage your 401(k) plan.
About Rebalance IRA
Rebalance IRA provides insight into your portfolio and helps you make better decisions by not letting emotions get in the way and selling too often. It also helps you determine the right asset allocation. However, Rebalance IRA is good only for investors who have portfolios of $100,000 or more.
Ellevest is a robo advisor investing platform that targets women specifically. It can offer custom plans that are tailored to the needs of women. A good argument can be made for the necessity for taking women's particular situations into accounts. After all, they tend to live longer yet earn less. However, is a completely separate robo advisor really needed? We'll let you be the judge after reading our review.
|Review||Rebalance IRA Review||Ellevest Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Promotions||None||Get up to $750 Cash Back|
|Account Fees||$250 Setup Fee; 0.50%/year||0.25%/year; Premium - 0.50%/year|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial, SEP IRA, SIMPLE IRA, 401(k), Solo 401(k), Trusts, Partnerships, Non-Profit||Taxable, Roth IRA, Traditional IRA|
|Advice||Human Assisted||Human Assisted|
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||Daily, Weekly, Biweekly, Monthly, Bimonthly and Quarterly||Monthly, Bimonthly and Quarterly|
|Socially Responsible Investing||No||No|
|Invests in Commodities||No||No|
|Invests in Real Estate||Yes||Yes|
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 8:30A-8:30P ET; Email||Phone; Email|
|Assets Under Management||$525M||$25M|
|Number of Accounts||1K||5K|
|Sign Up||Sign Up|