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 Swell Investing and E*TRADE Adaptive Portfolio.
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 Swell Investing and E*TRADE Adaptive Portfolio 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, E*TRADE Adaptive Portfolio has annual fees of 0.30%.
When it comes to fees, E*TRADE Adaptive Portfolio is the cheaper service.
Let's consider the minimum investment that's required to use both Swell Investing and E*TRADE Adaptive Portfolio.
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 E*TRADE Adaptive Portfolio ranks 7.5 out of 10. For more information on either, you can read our full reviews on Swell Investing and E*TRADE Adaptive Portfolio.
|Review||Swell Investing Review||E*TRADE Adaptive Portfolio Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Promotions||Get $50 With Promo Code "EARTH50"||None|
|Accounts Available||Taxable, Roth IRA, Traditional IRA, SEP IRA||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial|
Does the robo-advisor offer assistance with your employer sponsored retirement plan?401(k) Guidance
|Tax Loss Harvesting|
|Retirement Planning Tools|
|Automatic Deposits||Weekly, Monthly||Daily, Weekly, Biweekly and Monthly|
|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: M-F 12A-11:59P ET; Live Chat: 24/7|
|Assets Under Management||$7M||$4B|
|Number of Accounts||18||229K|
|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 E*TRADE Adaptive Portfolio
E*TRADE Adaptive Portfolio offers a robo advisor service at a reasonable cost. If you are an existing E*TRADE customer and are considering an automated investment service, you may want to use Adaptive Portfolio. Unfortunately, you need at least $5,000, and it doesn't offer tax-loss harvesting.