At Investor Junkie, we reviewed over 100 investing and personal finance services. Our goal is to bring you the most honest, simple, and informative reviews. Turns out, users also want to compare specific services.
This review compares E*TRADE Adaptive Portfolio 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 E*TRADE Adaptive Portfolio and Wealthfront stack up against each other on these threads.
To start, we will compare the fees for trading with both robo advisors. E*TRADE Adaptive Portfolio has a fees starting at 0.30% fee per year. To contrast, Wealthfront has annual fees of 0%.
When it comes to fees, M1 Finance wins by not charging anything to use their service.
Let's consider the minimum investment that's required to use both E*TRADE Adaptive Portfolio 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, E*TRADE Adaptive Portfolio gets a 7.5/10 rating, while Wealthfront gets a 9.5/10 rating. For more information on either service, you can read our full reviews on E*TRADE Adaptive Portfolio and Wealthfront.
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.
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.
|Review||E*TRADE Adaptive Portfolio 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||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||No||Yes — All Taxable Accounts|
|Retirement Planning Tools||No||Yes|
|Automatic Deposits||Daily, Weekly, Biweekly and Monthly||Weekly, Biweekly, Monthly and Quarterly|
|Socially Responsible Investing||No||Yes|
|Invests in Commodities||No||Yes|
|Invests in Real Estate||No||Yes|
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: M-F 12A-11:59P ET; Live Chat: 24/7||Phone: M-F 7A-5P PT; Email|
|Assets Under Management||$4B||$10B|
|Number of Accounts||229K||226K|
|Sign Up||Sign Up|