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 TD Ameritrade Essential Portfolios and Ellevest.
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 TD Ameritrade Essential Portfolios and Ellevest stack up against each other on these features.
To start, we will compare the fees for trading with both robo
advisors. TD Ameritrade Essential Portfolios has
annual fees at 0.30% fee per year. In
contrast, Ellevest has annual fees of 0.25%.
When it comes to fees, Ellevest is the cheaper service.
Let's consider the minimum investment that's required to use both TD Ameritrade Essential Portfolios and Ellevest.
At $0, Ellevest requires a smaller minimum deposit.
When it comes to supporting 401(k) plans, there is a clear line of division. Ellevest does offer support for 401(k) plans, while TD Ameritrade Essential Portfolios does not. If you are someone who wants input on your employee-sponsored retirement account, Ellevest will be your option.
Overall, TD Ameritrade Essential Portfolios rates 7 out of 10, while Ellevest ranks 7.5 out of 10. For more information on either, you can read our full reviews on TD Ameritrade Essential Portfolios and Ellevest.
|Review||TD Ameritrade Essential Portfolios Review||Ellevest Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Promotions||None||Get up to $750 Cash Back|
|Account Fees||0.30%/year||0.25%/year; Premium - 0.50%/year|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial, SEP IRA, SIMPLE IRA, Trusts, 529, Coverdell||Taxable, Roth IRA, Traditional IRA|
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||Yes||Monthly, Bimonthly 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, Android App||Website|
More security to prevent unauthorized access to your account.Two-Factor Authentication
|Customer Service||Phone — 24/7; Live Chat — 24/7; 100+ Local Branches||Phone; Email|
|Assets Under Management||$0||$25M|
|Number of Accounts||N/A||5K|
|Sign Up||Sign Up|
About TD Ameritrade Essential Portfolios
With TD Ameritrade's robo advisor, you can take advantage of having at least some of your portfolio professionally managed while you maintain other self-directed investments. The advisory fee is reasonable, and the company offers local branches as a point of contact. However, details of the service's asset allocation remain cloudy.
Ellevest is a robo advisor investing platform that targets women specifically. It can offer custom plans that are tailored to the needs of women. A good argument can be made for the necessity for taking women's particular situations into accounts. After all, they tend to live longer yet earn less. However, is a completely separate robo advisor really needed? We'll let you be the judge after reading our review.