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 TD Ameritrade Essential Portfolios and Wealthfront. 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 TD Ameritrade Essential Portfolios and Wealthfront 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, Wealthfront has annual fees of 0.25%.
When it comes to fees, Wealthfront is the cheaper service.
Let's consider the minimum investment that's required to use both TD Ameritrade Essential Portfolios 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.
Overall, TD Ameritrade Essential Portfolios rates 7 out of 10, while Wealthfront ranks 9.5 out of 10. For more information on either, you can read our full reviews on TD Ameritrade Essential Portfolios and Wealthfront.
|Review||TD Ameritrade Essential Portfolios Review||Wealthfront Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Promotions||None||$15k Managed for Free|
|Account Fees||0.30%/year||First $10k managed free; 0.25%/year for $10k+|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial, SEP IRA, SIMPLE IRA, Trusts, 529, Coverdell||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||Yes||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, Android App||Website, iOS App, Android App|
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: M-F 7A-5P PT; Email|
|Assets Under Management||$0||$10B|
|Number of Accounts||N/A||244K|
|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.
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 $10k. The negative is it doesn't support fractional shares.