At Investor Junkie, we reviewed over one hundred investing and personal finance services. Our goal is to bring you the most honest, simple, and informative reviews. It turns out; users also want to compare specific services.
This review compares Swell Investing and Charles Schwab Intelligent 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 Swell Investing and Charles Schwab Intelligent Portfolios stack up against each
other on these features.
To start, we will compare the fees for trading with both robo
advisors. Swell Investing has
annual fees at 0.75% fee per year. In
contrast, Charles Schwab Intelligent Portfolios has annual fees of 0%.
When it comes to fees, Charles Schwab Intelligent Portfolios wins by not charging anything to use their service.
Let's consider the minimum investment that's required to use both Swell Investing and Charles Schwab Intelligent Portfolios.
At $50, Swell Investing 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, Swell Investing rates 7 out of 10, while Charles Schwab Intelligent Portfolios ranks 8.5 out of 10. For more information on either, you can read our full reviews on Swell Investing and Charles Schwab Intelligent Portfolios.
|Review||Swell Investing Review||Charles Schwab Intelligent Portfolios Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Promotions||Invest for Free for 1 Year With Promo Code "MAY5K"||None|
|Accounts Available||Taxable, Roth IRA, Traditional IRA, SEP IRA||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial, SEP IRA, SIMPLE IRA, Trusts|
Does the robo-advisor offer assistance with your employer sponsored retirement plan?401(k) Guidance
|Tax Loss Harvesting||— All Taxable Accounts|
|Retirement Planning Tools|
|Automatic Deposits||Weekly, Monthly||Monthly, Bimonthly and Quarterly|
|Clearing Agency||Folio Institutional||N/A|
|Socially Responsible Investing|
|Invests in Commodities|
|Invests in Real Estate|
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 9-5 PT; Email||Phone: 24/7; Live Chat: 24/7; Email|
|Assets Under Management||$7M||$27B|
|Number of Accounts||18||N/A|
|Sign Up||Sign Up|
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.
About Charles Schwab Intelligent Portfolios
Schwab Intelligent Portfolios is Charles Schwab’s fee-free robo-investing service. And with the company's family of financial services, it's a one-stop shop: You can have some of your portfolio professionally managed through Intelligent Portfolios while being free to take advantage of all of the other benefits that Schwab offers.