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 MarketRiders. 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 MarketRiders 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, MarketRiders 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 MarketRiders.
At $1,000, MarketRiders requires a smaller minimum deposit.
When it comes to support for 401(k) plans, there is a clear line of division. Rebalance IRA does offer support for 401(k) plans, while MarketRiders does not. If you are someone who wants help on your employee-sponsored retirement account, Rebalance IRA will be your option.
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.
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.
|Review||Rebalance IRA Review||MarketRiders Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Account Fees||$250 Setup Fee; 0.50%/year||$14.95/month; $149.95/year for the DIY Service|
|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, Joint, Roth IRA, Traditional IRA, Rollover IRA, Trusts|
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||N/A|
|Socially Responsible Investing||No||No|
|Invests in Commodities||No||Yes|
|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: M-F 9A-5P CST; Live Chat: M-F 9A-5P CST; Email|
|Assets Under Management||$525M||$0|
|Number of Accounts||1K||N/A|
|Sign Up||Sign Up|