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 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 Rebalance IRA and Swell Investing 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, Swell Investing has annual fees of 0.75%.
When it comes to fees, Rebalance IRA is the cheaper service.
Let's consider the minimum investment that's required to use both Rebalance IRA and Swell Investing.
At $50, Swell Investing 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 Swell Investing 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.
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||Rebalance IRA Review||Swell Investing Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Account Fees||$250 Setup Fee; 0.50%/year||0.75% per 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, 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||Daily, Weekly, Biweekly, Monthly, Bimonthly and Quarterly||Weekly, Monthly|
|Clearing Agency||N/A||Folio Institutional|
|Socially Responsible Investing||No||Yes|
|Invests in Commodities||No||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 8:30A-8:30P ET; Email||Phone: M-F 9-5 PT; Email|
|Assets Under Management||$525M||$7M|
|Number of Accounts||1K||18|
|Sign Up||Sign Up|