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Wealthfront vs. Acorns
The ideal robo-advisor depends on the size of your portfolio.
Both of these robo-advisors have an impressive suite of account options and similar features. Ultimately, the choice hinges on how much you plan to invest and what type of account you want.
Which one is better?
- Choose Wealthfront if you have less than $5,000 in your portfolio.
- Choose Acorns if you have more than $5,000 in your portfolio.
Both Wealthfront and Acorns are well-equipped to serve passive investors with an extensive range of account options and educational blogs to help investors expand their knowledge. The biggest difference between these platforms is their fee structures: Wealthfront charges a percentage-based fee, while Acorns charges a flat monthly rate.
The fee structures for both of these platforms play a pivotal role in how far your money can go. The choice boils down to the size of your portfolio. For investors with less than $5,000 on hand, Wealthfront is the more competitive option. And for investors with portfolios of $5,000 and up, Acorns rates are ideal.
How do Wealthfront and Acorns compare?
A breakdown of features, fees, feedback and more for these two platforms:
|Overview||Wealthfront is an investment firm that removes the guesswork from investing. It helps you build a financial plan and reach your goals with the help of automated investments.||Acorns is a robo-advisor that offers individual investment accounts, retirement accounts, custodial accounts — even a checking account that comes with a free Visa debit card. It’s best suited to buy-and-hold investors who want their money managed for them.|
|Minimum deposit to open||$500||$0|
|Tools and research|
|Reputation and customer reviews|
|Apple App Store reviews|
|Google Play Store reviews|
Both Wealthfront and Acorns are equipped to help passive investors allocate and diversify their assets. With so many features in common, the biggest factor is the size of your portfolio.
Review your account options with other robo-advisors to find the ideal platform for your portfolio.
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