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 Hedgeable. 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 Hedgeable 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, Hedgeable 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 Hedgeable.
At $1, Hedgeable 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, Wealthfront rates 9.5 out of 10, while Hedgeable ranks 7.5 out of 10. For more information on either, you can read our full reviews on Wealthfront and Hedgeable.
Robo-Advisor | Recommended | |
|---|---|---|
| Review | Wealthfront Review | Hedgeable Review |
| Overall rating as by Investor Junkie. Rating | 9.5/10 | 7.5/10 |
| Commissions & Fees | 9/10 | 6.5/10 |
| Customer Service | 9/10 | 7.5/10 |
| Ease of Use | 8/10 | 7.5/10 |
| Tools & Resources | 9/10 | 6.5/10 |
| Investment Options | 8.5/10 | 9/10 |
| Asset Allocation | 9/10 | 8/10 |
| Promotions | $5k Managed for Free | None |
| Minimum Investment | $500 | $1 |
| Account Fees | First $10k managed free; 0.25%/year for $10k+ | 0.30% – 0.75%/year — Depends upon amount deposited |
| 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, SIMPLE IRA, Solo 401(k), Trusts |
| Advice | Automated | Automated |
Does the robo-advisor offer assistance with your employer sponsored retirement plan? 401(k) Guidance |  | |
| Tax Loss Harvesting |  — All Taxable Accounts | — All Taxable Accounts |
| Portfolio Rebalancing | | |
| Retirement Planning Tools | | |
| Automatic Deposits | Weekly, Biweekly, Monthly and Quarterly | Weekly, Biweekly, Monthly and Yearly |
| Clearing Agency | RBC | Apex Clearing |
| Self Clearing | | |
| Smart Beta | | |
| Socially Responsible Investing | | |
| Invests in Commodities | | |
| Invests in Real Estate | | |
| Fractional Shares | | |
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 9A-6P ET; Live Chat: M-F 9A-6P ET |
| Assets Under Management | $10B | $70M |
| Number of Accounts | 244K | 2K |
Sign Up | Sign Up | Sign Up |
About Wealthfront
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.
About Hedgeable
Hedgeable lets everyday investors take advantage of the "insider" techniques of the biggest hedge funds. It offers one of the industry's most diverse portfolio, and there's no required account minimum. However, on the downside, Hedgeable's fees are a bit on the steep side.
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