Wealthfront vs WealthSimple
Wealthfront is a good robo-advisor for hands-off investor. Fees are low, but lack human advisors. How does it compare to WealthSimple? Read our comparison chart below.
Wealthfront has a low fee of 0.25% and a minimum of $500 to open an account. Wealthfront offers advanced planning tools to help provide a complete picture of your financial health and track your goals. However, there are no human advisors.
While WealthSimple offers auto-investing with support from real advisors, including a free portfolio review of all your finances. However, fees are higher at 0.5% for accounts $100k and less (and 0.4% for accounts over $100k). It also stands out by offering socially responsible and Halal investment options. There is no minimum to open an account.
Compare Wealthfront with WealthSimple, side-by-side.
 | ||
| Learn More | Learn More | |
Wealthfront | WealthSimple | |
|---|---|---|
Wealthfront Cash Account - | Wealthsimple Cash Account - | |
Benefits and Features | ||
| Savings |  | |
| Annual Fee | 0.5% for accounts up to $100k; 0.4% for accounts over $100k | |
| Minimum Deposit | ||
| Phone Support | Yes - M-Th 9a-8p ET; Fri 9a-5:30p ET | |
| Live Chat Support | ||
| Email Support | ||
| Human Advisors | ||
| Robo Advisor |  | |
| Assets Under Management | ||
| Tax Loss Harvesting | Available for accounts over $100,000 | |
| Goal Tracker | ||
| Automatic Deposits | ||
| Online Platform | ||
| iPhone App | ||
| Android App | ||
| Mobile App | ||
| Single Stock Diversification | ||
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
CreditDonkey® Reviews | ||
| ||
| Annual Fee |   | |
| Minimum Deposit | | |
| Investment Types |  | |
| Customer Service | | |
| Pros & Cons | Pros:
| |
| Bottom Line | Good robo-advisor for hands-off investor. Fees are low, but lack human advisors... | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Wealthfront: Pricing information from published website as of 04/20/2024. | ||
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Wealthfront or Acorns.
Articles on Wealthfront
Wealthfront Reviews
Which Do You Think is Best?
Compare WealthSimple to:
You might also be interested in
