Members should be aware that investment markets have inherent risks, and past performance does not assure future results. You can trust the integrity of our balanced, independent financial advice. Opinions are the author's alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Wealthfront has a low fee of 0.25% and a minimum of $500 to open an account. In terms of low-cost, passive investment platforms, Wealthfront is difficult to beat. Think you don't have enough money to invest? Robinhood is best known for being 100% fee-free. Investor Junkie is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Betterment has low fees and is good for beginners. What makes a stock halal approved? Kara Perez is a freelance personal finance writer. If you’re playing the long game and want a cheap, easy-to-use automated investing platform, Wealthfront is a solid choice. Betterment vs Wealthfront vs Acorns. The differences between these two big robo-advisors largely come down to … CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. Assets are held by a third-party custodian, Apex Clearing, and Wealthfront has access to your money only to withdraw its fees. FINAL WINNER: Betterment. Wealthfront does stress that it will never sell any information you provide, and the site undergoes an annual safety procedure audit from Ernst & Young. Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Betterment vs Robinhood isn’t so much an apples to apples as it is an apples to oranges comparison. They do have some differences, however, and one of the ways they differ is in what they choose to emphasize for their clients.Betterment is a goals-based robo-advisor. Wealthfront and Betterment both earned spots in our Best Robo Advisor Awards. Betterment is an online financial advisor built for people who refuse to settle for average investing. Robinhood is best for frequent traders, while both Wealthsimple and Wealthfront have a more robust offering of types of accounts and socially responsible investing opportunities. People like you. We describe their similarities and differences to help you decide which is best for you. There are no trading commissions whatsoever. Wealthfront technology takes much of the stress away. And why is it so important? Wealthfront requires an initial deposit of $500. Read our comparison chart below. On top of that, there are videos from leaders in the industry that explain investing concepts. *See the card issuer's online application for details about terms and conditions. But is it safe? Neither Wealthsimple nor Robinhood require a minimum investment to get started. Robinhood lets you trade stocks commission-free and has no account minimums. In terms of low-cost, passive investment platforms, Wealthfront is difficult to beat. PERSONAL CAPITAL AND WEALTHFRONT Sign up now. Compare Wealthfront with Robinhood, side-by-side. Read on for the pros and cons. Wealthsimple also strives to be transparent through its blog and tries to build a real relationship with its users. There is also an option to report a security issue to the Wealthsimple team via an online form, but when I clicked on it in June 2019, the link was broken. We know that managing finances is not easy. PassivePlus® is a registered trademark and property of CSSC Investment Advisory Services, Inc. (“CSSC”) and is used under license. Is it a good (or bad) idea to have multiple trading accounts? The review is free to anyone — not just Wealthsimple customers. In addition to the traditional retirement accounts, Wealthfront clients can also invest in 529 college savings accounts and high yield cash accounts. Wealthfront and Robinhood are services for different kinds of investors. Wealthsimple is the epitome of hands-off investing. Wealthsimple uses a 256-bit SSL certificate to encrypt all information transmitted between your browser and the servers. Robinhood is a member of FINRA and SIPC. Robinhood lets you trade stocks, Acorns invests your spare change, but robust robo-investing platforms like Betterment and Wealthfront want to take the place of the traditional platforms of the world in providing comprehensive money management. No platform fees. Unfortunately, this usually comes with high management fees and high minimum account balances in the thousands of dollars. Wealthfront simplifies long-term, low-cost investing with a diversified portfolio. Wealthfront also offers cash savings accounts, and there are no fees for those. Robinhood is best for frequent traders who have retirement accounts elsewhere. M1 Finance and Wealthfront are so different that you will not confuse them for one another. As such, the two key facts to understand when comparing Betterment vs Robinhood are as follows: 1. Wealthfront: Pricing information from published website as of 04/04/2018. To make money, you need to invest money wisely. Note that the SRI management fees are higher than non-SRI funds, so you will pay more for your beliefs. Robinhood is a free way to trade stocks with limited bells and whistles. Your email address will not be published. First, let's take a look at how they're similar. Phone and email support Monday-Friday 9 a.m.-6 p.m. Eastern time. You should consult your own professional advisors for such advice. Wealthsimple is best for younger investors who want a platform to grow with. Wealthfront has a low fee of 0.25% and a minimum of $500 to open an account. Robinhood has no annual fees, no trading fees, no transfer fees and no account minimum for regular accounts. Wealthfront vs Robinhood. Robinhood allows users to invest in individual ETFs, stocks. Set up your automatic investments, risk profile and time horizon, and check it monthly or yearly for tax paperwork. Betterment vs Wealthfront vs Acorns: Best Robo-Advisor? Wealthfront offers cash accounts to its users. Fidelity and Robinhood both operate a single platform and both operate that platform through a website and a mobile app. Wealthfront is a good robo-advisor for hands-off investor. Robinhood vs WealthFront 2020 WealthFront versus Robinhood brokerage firm comparison: IRA, fees, commissions, benefits, pros and cons. Here are some of the big differences between the three sites. 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