We've reviewed many investing and personal finance services. We want to help you make the best decision of which service best suits your needs.
This comparison we review SigFig and Wealthfront.
From our research, annual fees, minimum deposit, and 401(k) support the most important
features which choosing a robo advisor. Let's look at how SigFig and Wealthfront stack up against each other on these features.
To start, we will compare the fees for trading with both robo
advisors. SigFig has
annual fees at 0.00% fee per year. In
contrast, Wealthfront has annual fees of 0.25%.
SigFig wins because their service is free to use.
Let's consider the minimum investment that's required to use both SigFig and Wealthfront.
At $500, Wealthfront 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.
|Review||SigFig Review||Wealthfront Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Promotions||None||$5k Managed for Free|
|Account Fees||First $10k managed free; 0.25%/year for $10k+; 0.50% for Diversified Income Portfolio||0.25%/year|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, SIMPLE IRA||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, Trusts, Non-Profit, 529|
Does the robo-advisor offer assistance with your employer sponsored retirement plan?401(k) Guidance
|Tax Loss Harvesting||— All Taxable Accounts||— All Taxable Accounts|
|Retirement Planning Tools|
|Automatic Deposits||Daily, Weekly, Monthly, Bimonthly and Quarterly||Weekly, Biweekly, Monthly and Quarterly|
|Socially Responsible Investing|
|Invests in Commodities|
|Invests in Real Estate|
How can you access the sevice? Website only? Via smartphone app?Access
|Website, iOS App, Apple Watch, Android App||Website, iOS App, Android App|
More security to prevent unauthorized access to your account.Two-Factor Authentication
|Customer Service||Phone: M–F 6A–6P PT; Live Chat: M–F 6A–6P PT; Email||Phone: M-F 7A-5P PT; Email|
|Assets Under Management||$120M||$10B|
|Number of Accounts||3K||244K|
|Sign Up||Sign Up|
SigFig is a robo advisor service that offers asset management and free portfolio tracking. Altogether, SigFig itself isn't a bad service, and its Portfolio Tracker is free. But the recommendations it makes seem simple at best. There are other robo advisors available with more functionality.
Wealthfront is a robo advisor that emphasizes low fees and automated investing. The service shines when you have a taxable account, and the service is free for accounts under $5K if you use the Investor Junkie promotion or if you are referred by a current Wealthfront client. The negative is it doesn't support fractional shares.