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 Wealthfront and FutureAdvisor.
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 Wealthfront and FutureAdvisor 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, FutureAdvisor has annual fees of 0.50%.
When it comes to fees, Wealthfront is the cheaper service.
Let's consider the minimum investment that's required to use both Wealthfront and FutureAdvisor.
At $500, Wealthfront requires a smaller minimum deposit.
When it comes to supporting 401(k) plans, there is a clear line of division. FutureAdvisor does offer support for 401(k) plans, while Wealthfront does not. If you are someone who wants input on your employee-sponsored retirement account, FutureAdvisor will be your option.
|Review||Wealthfront Review||FutureAdvisor Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Promotions||$5k Managed for Free||None|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, Trusts, Non-Profit, 529||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, 529, Coverdell|
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||Weekly, Biweekly, Monthly and Quarterly||Daily, Weekly, Biweekly, Monthly, Bimonthly and Quarterly|
|Clearing Agency||RBC||Apex Clearing|
|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 8:30A-5P PT; Email|
|Assets Under Management||$10B||$1B|
|Number of Accounts||244K||7K|
|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.
FutureAdvisor lets you test-drive its service for free and is one of the few robo advisors that can manage your 529 college savings plan. However, the bad news is the service's fees are higher than those of most of its competition.