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 Wealthfront and E*TRADE Core 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 Wealthfront and E*TRADE Core Portfolios stack up against each
other on these features.
To start, we will compare the fees for trading with both robo
advisors. Wealthfront has
annual fees at 0.25% fee per year. In
contrast, E*TRADE Core Portfolios has annual fees of 0.30%.
When it comes to fees, Wealthfront is the cheaper service.
Let's consider the minimum investment that's required to use both Wealthfront and E*TRADE Core Portfolios.
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.
|Review||Wealthfront Review||E*TRADE Core Portfolios Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Promotions||$5k Managed for Free||No Advisory Fee For 1 Year|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, Trusts, Non-Profit, 529||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||— All Taxable Accounts|
|Retirement Planning Tools|
|Automatic Deposits||Weekly, Biweekly, Monthly and Quarterly||Daily, Weekly, Biweekly and Monthly|
|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: M-F 7A-5P PT; Email||Phone: M-F 12A-11:59P ET; Live Chat: 24/7|
|Assets Under Management||$10B||$4B|
|Number of Accounts||244K||229K|
|Sign Up||Sign Up|
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 $5K if you use the Investor Junkie promotion or if you are referred by a current Wealthfront client. The negative is it doesn't support fractional shares.
About E*TRADE Core Portfolios
E*TRADE Core Portfolios 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 Core Portfolios. Unfortunately, you need at least $5,000, and it doesn't offer tax-loss harvesting.