Best Robo Advisors
Discover 5 deals available this month.
1.Fidelity Go
Fidelity Go offers low-cost investing with no management fees on accounts under $25,000 and a 0.35% annual fee above that, requiring just a $10 minimum deposit. It is well-suited for beginners and existing Fidelity customers.
View Deal →Fidelity Go stands out as a cost-effective entry point for new investors, especially those already using Fidelity, thanks to its no-fee tier on smaller balances. Its low minimum and straightforward fee structure simplify investing for those starting out.
Pros:
- No management fees for accounts under $25,000
- Low 0.35% annual fee for larger balances
- Minimum investment as low as $10
- Integration benefits for Fidelity customers
Cons:
- Higher fees compared to some competitors on balances over $25,000
- Limited advanced features for experienced investors
- Best benefits mainly for existing Fidelity users
2.Vanguard Digital Advisor
Vanguard Digital Advisor charges a low 0.15%-0.25% fee with a $100 minimum investment and waives advisory fees for the first 90 days. It specializes in low-cost ETFs and retirement-focused planning.
View Deal →Investors aiming for retirement savings will find Vanguard Digital Advisor's low fees and initial fee waiver appealing, especially with its focus on low-cost ETFs. Its straightforward approach makes it a solid choice for those prioritizing cost-effective, automated retirement planning.
Pros:
- Low advisory fees between 0.15% and 0.25%
- No advisory fees during the first 90 days
- Low $100 minimum investment requirement
- Specializes in retirement planning using low-cost ETFs
Cons:
- Limited information on advanced tax strategies or account diversity
- No mention of human advisor access or personalized financial guidance
- Potentially less suitable for investors seeking broader portfolio options
3.Schwab Intelligent Portfolios
Schwab Intelligent Portfolios charges no management fee for its basic tier and offers automatic rebalancing, with tax-loss harvesting available for accounts over $50,000. It seamlessly integrates with Schwab accounts for easier management.
View Deal →Investors with Schwab accounts will appreciate a no-fee option that includes automatic rebalancing and tax-loss harvesting for larger portfolios.
Pros:
- No management fee for basic accounts
- Automatic portfolio rebalancing
- Tax-loss harvesting available for accounts above $50,000
- Integration with Schwab accounts
Cons:
- Tax-loss harvesting only for accounts exceeding $50,000
- No mention of human advisor access
- Limited fee transparency beyond basic tier
4.Wealthfront
Wealthfront charges a 0.25% fee with a $500 minimum investment and offers strong tax strategies, diverse account options, and advanced planning tools for tech-savvy investors.
View Deal →Tech-savvy investors will find Wealthfront appealing for its comprehensive tax optimization strategies and broad range of account types paired with intuitive planning features.
Pros:
- Competitive 0.25% management fee
- Minimum investment requirement of $500
- Advanced tax-loss harvesting and tax strategies
- Robust planning tools and diverse account options
Cons:
- Higher minimum investment compared to some competitors
- Fee may be steep for small portfolios
- Limited human advisor access compared to some alternatives
5.Betterment
Betterment charges a 0.25% fee with no minimum deposit required and offers advanced tax-loss harvesting along with goal-based investing. Access to human financial advisors is available for accounts with $100,000 or more.
View Deal →Betterment stands out for investors who prioritize tax optimization and flexible goal setting, providing expert human advice at higher account levels. Its no-minimum entry and comprehensive tax strategies make it appealing for a wide range of users.
Pros:
- No minimum deposit required to start investing
- 0.25% management fee keeps costs predictable
- Advanced tax-loss harvesting improves after-tax returns
- Access to human financial advisors for accounts over $100,000
Cons:
- Human advisor service requires a high $100,000 minimum balance
- Fee may be higher than some competitors for smaller accounts
- Limited access to human advisors for accounts below $100,000
Final Words
To make the most of your investment, take time to compare these top robo advisors based on fees, features, and account minimums to find the best fit for your financial goals. You can explore current offers to ensure you access the most cost-effective and tailored services available this February.
Frequently Asked Questions
Fidelity Go is recommended for beginners due to its low-cost investing approach and no advisory fees for accounts under $25,000. It also offers seamless access for existing Fidelity customers, making it an ideal choice for new investors.
No, Fidelity Go charges no advisory fees for accounts under $25,000, which helps keep investing costs low for beginners and smaller investors.
While Fidelity Go is ideal for existing Fidelity customers, it is available for new users as well, offering easy access and low-cost investing options.
Vanguard Digital Advisor requires a minimum of $100 to start investing, while Wealthfront has a $500 minimum investment, catering to different investor profiles.
Schwab Intelligent Portfolios offers a no management fee basic tier and provides automatic tax-loss harvesting for accounts over $50,000, integrating well with Schwab accounts.
Betterment offers advanced tax-loss harvesting and goal-based investing, along with human advisors for premium plans over $100,000, appealing to users seeking more personalized service.
