Robo-Advisor | Wealthsimple | FutureAdvisor |
|---|---|---|
| Overall rating as by Investor Junkie. Rating | 8/10 | 7/10 |
| Commissions & Fees | 7/10 | 6/10 |
| Customer Service | 8/10 | 8/10 |
| Ease of Use | 8.5/10 | 8.5/10 |
| Tools & Resources | 8/10 | 8/10 |
| Investment Options | 8/10 | 7.5/10 |
| Asset Allocation | 8/10 | 8/10 |
| Promotions | Up to $100 Bonus | None |
| Minimum Investment | $0 | $10,000 |
| Account Fees | Under $5k – FREE; $5k-$100k – 0.50%/year; $100k+ – 0.40%/year | 0.50%/year |
| Accounts Available | Taxable, Roth IRA, Traditional IRA | Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, 529, Coverdell |
| Advice | Human Assisted | Automated |
| Does the robo-advisor offer assistance with your employer sponsored retirement plan? 401(k) Guidance | Yes | Yes |
| Tax Loss Harvesting | Yes — For Accounts Larger Than $100,000 | Yes — For Accounts Larger Than $10,000 |
| Portfolio Rebalancing | Yes | Yes |
| Retirement Planning Tools | No | Yes |
| Automatic Deposits | Yes — Weekly, Biweekly and Monthly | Yes — Daily, Weekly, Biweekly, Monthly, Bimonthly and Quarterly |
| Clearing Agency | Apex Clearing | Apex Clearing |
| Self Clearing | No | No |
| Smart Beta | No | No |
| Socially Responsible Investing | Yes | No |
| Invests in Commodities | No | Yes |
| Invests in Real Estate | Yes | Yes |
| Fractional Shares | Yes | No |
| How can you access the sevice? Website only? Via smartphone app? Access | Website, iOS App, Apple Watch, Android App | Website, iOS App, Android App |
| More security to prevent unauthorized access to your account. Two-Factor Authentication | No | Yes |
| Customer Service | Phone: M-F 9A-5:30P ET; Email | Phone: M-F 8:30A-5P PT; Email |
| Assets Under Management | $2M | $1B |
| Number of Accounts | 405 | 14K |
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