Best Robo-Advisors

November 12th, 2019

Advertiser Disclosure

Overview

If you’ve always wanted to invest but felt the time and research necessary to do so was too overwhelming, you may want to get a robo-advisor. Robo-advisors provide a relatively low-cost and “hands-off” solution to investing.

Before choosing a robo-advisor, you'll want to compare key details like fees, account minimums, and what funds and additional services are offered. Fortunately for you, we've done all the research, sorted through the details, and have created a comparison tool of the best robo-advisors available.

Best For:

Low Cost Investing

Ally Invest Managed Portfolios Logo

Annual Fee

0.00%

management fee

Account Minimum

Special Promotion

None

no promotion available at this time

The Bottom Line

  • No Annual Advisory Fee For Cash-Enhanced Managed Portfolio
  • Low Account Minimum
  • Easy To Use Charts & Tools
  • For Beginner & Advanced Investors
  • Invest Directly Into An S&P 500 Index Fund

Best For:

Low Fees

Betterment Logo

Annual Fee

0.25%

management fee

Account Minimum

Special Promotion

Up to 1 year

of free management when you refer 3 friends

The Bottom Line

  • Low Annual Advisory Fee
  • No Account Minimum
  • Tax-Loss Harvesting

Best For:

Analyzing Your 401k

Blooom Logo

Annual Fee

$120

per year

Account Minimum

Special Promotion

Free 401k Analysis!

Blooom will analyze the health of your 401k for free

Special Pricing:

Get blooom for a special rate of $99 per year using our "Open Account" link and code REEETIRE

The Bottom Line

  • Free 401(k) Analysis
  • Uncovers Hidden Fees & Bad Investment Allocation
  • Low Annual Fee To Manage Your 401(k)
  • Does Not Support IRAs

Best For:

Free Money To Invest

Ellevest Logo

Annual Fee

0.25%

management fee

Account Minimum

Special Promotion

$50

for Whyze users opening an account through our link

The Bottom Line

  • Get $50 Just For Signing Up Through Whyze
  • Low Annual Advisory Fee
  • No Account Minimum
  • Easy To Use Charts & Tools
  • Socially Responsible Funds Available

Best For:

Financial Advice/Planning

Schwab Intelligent Portfolios Logo

Annual Fee

0.00%

management fee

Account Minimum

Special Promotion

None

no promotion available at this time

The Bottom Line

  • No Annual Advisory Fee
  • High Account Minimum
  • Access To Financial Planners
  • Large Selection Of Funds
  • Premium Account Comes With $300 Planning Fee & Is $30/month

Best For:

Low Fees

Wealthfront Logo

Annual Fee

0.25%

management fee

Account Minimum

Special Promotion

None

no promotion available at this time

The Bottom Line

  • Low Annual Advisory Fee
  • High Account Minimum
  • Tax-Loss Harvesting
  • Index Fund Investing Allowed At $100,000

Best For:

Unique Portfolio Options

Wealthsimple Logo

Annual Fee

0.50%

management fee

Account Minimum

Special Promotion

None

no promotion available at this time

Special Pricing:

0.40% with Wealthsimple Invest (min $100k+ balance)

The Bottom Line

  • High Annual Advisory Fee
  • No Account Minimum
  • Socially Responsible Funds
  • Halal-Compliant Options
  • Tax-Loss Harvesting
  • Free Financial Advice